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Shin-Etsu Chemical Constructing New Rare Earth Separation and Refinement Plant.

Tokyo, Japan, Aug 1, 2007 - (JCN) - Shin-Etsu Chemical announced plans on July 25 to construct a rare earth separation and refinement plant in TechnoPort Fukui, Fukui Prefecture.

Shin-Etsu Chemical has been carrying out integrated production of rare earth and rare earth magnets, for which rare earth is the basic raw material, at its Takefu Plant located in Echizen City of Fukui Prefecture since 1965.

In recent years, neodymium magnets, which are the mainstream type of rare earth magnets, have seen burgeoning demand in product applications for energy-saving air-conditioner compressor motors and for motors for hybrid cars. Shin-Etsu is meeting growing demand by means of production expansion.

The Takefu Plant lacks further room for the expansion of production facilities, thus the new site location in Fukui Prefecture where a succession of production expansions would be possible was chosen, where the appropriate industrial infrastructure is in place and the location is close enough so that the operation can be well coordinated with the production activities at the company's Takefu Plant.

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Publication:JCNN News Summaries
Geographic Code:9JAPA
Date:Aug 1, 2007
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