Masan Tungsten Company, formerly Nui Phao – H.C. Starck Tungsten Chemicals Manufacturing, was established in 2014 as a joint venture with H.C. Starck GmbH, a leading worldwide manufacturer of technological metals and one of the biggest companies in the global Tungsten industry.
The objective of the company is to connect NPMC’s business to the global Tungsten market and enable advanced processing of Vietnam’s strategic tungsten resources into higher value tungsten chemicals, thus enabling further value extraction from the Vietnamese strategic resources. In August 2018, NPMC acquired the 49% capital contribution by H.C. Starck GmbH in the Joint Venture. The Joint Venture then changed its name to Masan Tungsten Company. In September 2019, MSR announced the acquisition of H.C. Starck’s global Tungsten Division (“HCS”). HCS is a leading manufacturer of midstream tungsten products such as hi-tech Tungsten Metal powders and Carbides. HCS has operating production hubs in Germany, Canada and China serving customers all over the world.
The four main products of the MTC facility used in production of Tungsten and Tungsten Carbides are: APT (Ammonium Paratungstate); BTO (Blue Tungsten Oxide); YTO (Yellow Tungsten Oxide) and ST (Sodium Tungstate).
MTC produces high purity, world-competitive products while operating in Vietnam. This places it among the few tungsten suppliers outside of China who are directly connected to a resource base. The MTC factory has the advantages of secured long term supply source (NPMC) with modern production facilities able to produce high quality products tailored to specific requirements of customers,
- Positive market reputation by affiliation with a technology and skills provider – H.C. Starck has 100 years of experience and is a leading premium supplier of Tungsten,
- Processing technology transfer from H.C. Starck Germany,
- Opportunities for further development of in-country tungsten scrap,
- Low conversion costs and preferential tax policies,
- Sources into high end specific products.
These factors have accelerated the acceptance of a Vietnamese business to the world’s Tungsten producer map as well as contributed to improved sales performance.