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Shin-Etsu invests $117 million to build rare earth magnet production plant in Vietnam

2:34 AM MDT | April 22, 2014 | Deepti Ramesh

Shin-Etsu Chemical says that it will invest about ¥12 billion ($117 million) to build a new rare earth magnet manufacturing plant in Vietnam. The new plant will be built in two phases at the site of Shin-Etsu Magnetic Materials Vietnam, which is located in the Dinh Vu Industrial Park in Hai Phong Province. Shin-Etsu Magnetic Materials Vietnam is a Shin-Etsu subsidiary that specializes in the separation and refinement of rare earths. The new rare earth magnet plant will have a total production capacity of 2,000 m.t./year. Plant construction work will begin in...

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