Masan High-Tech Materials Corporation is one of Vietnam’s largest integrated producers of minerals and industrial chemicals. The Nui Phao polymetallic tungsten mine in Dai Tu district, Thai Nguyen province, managed and operated by Masan High-Tech Materials, has been identified as one of the largest tungsten mines in the world with a government license allowing the extraction and processing of a total resource of 83,220,000 million tonnes of polymetallic tungsten ore.
Masan High-Tech Materials is also a major global producer of fluorspar and bismuth. The company is a subsidiary of the Masan Group, one of the leading Vietnamese companies, operating the main growth investment portfolios and the main business sectors of the Vietnamese economy.
The company’s product lines are strategic and key parts of the global business supply chain, integrated with ongoing innovations in semiconductor materials, 3D printing, robotics, electric cars, renewable energies, medicine, aviation and aerospace.
The Nui Phao polymetallic tungsten mine in Dai Tu district, Thai Nguyen province. Photo from: Masan High-Tech Materials
Masan High-Tech Materials is increasingly recognized nationally and internationally as a well-established high-tech mining and materials company. The company has adopted sustainable practices in mineral extraction and refining activities as well as innovative recycling technologies to create advanced high-tech materials, serving critical industries globally.
The company established its first high-tech R&D center in 2015. In order to optimize resources and improve product quality, the company continued to focus on investments in advanced technologies, training skilled human resources, the production of value-added products, leading to high export value. .
In 2017, Masan High-Tech Materials invested in two more high-tech processing lines with a total investment of over $ 9 million, including Fluorspar flotation and high gravity tungsten recovery circuits. At the time, these were state-of-the-art global production lines.
In June 2020, Masan High-Tech Materials completed the acquisition of the tungsten business from HC Starck, then changed its name from Masan Resources to Masan High-Tech Materials to reflect its global ambitions. The acquisition of HC Starck Tungsten Powders provides Masan High-Tech Materials with advanced manufacturing centers in each of the key market regions such as NAFTA, EU and APAC with manufacturing facilities in Germany, Canada and in China.
Mineral processing line in a Masan High-Tech Materials factory. Photo from: Masan High-Tech Materials
Meanwhile, Masan High-Tech Materials can take advantage of downstream technology of HC Starck, including leaching technology using caustic soda with strong reuse of chemicals; ultra-clean refinery technology using chemicals to precipitate impurities and solvent extraction technology to reduce wastewater to the environment.
By focusing on innovation, investment in research and development to apply and master advanced technologies, Masan High-Tech Materials has gradually asserted its capacity and position in the North American markets, from Europe and Asia.
In October 2020, the company signed an agreement to establish a strategic alliance with Mitsubishi Materials Corporation (Japan) with the aim of developing a leading integrated platform for high-tech tungsten materials. The transaction validated the transformation of Masan High-Tech Materials into a vertically integrated high-tech tungsten platform and affirmed its position as a global producer of high-tech materials.
Masan High-Tech Materials was honored with the Top 100 Sustainable Companies Award 2020. Photo by: Masan High-Tech Materials
“Innovation is an integral part of the company’s ‘Go Global’ development strategy, to demonstrate to the world that a Vietnamese company can lead the transformation of the global tungsten market by working closely with our customers to provide local solutions developed on a global scale. The success of Masan High-Tech Materials is based on the combination of a world-class research and development base and a team of dedicated and highly specialized engineers. Our products meet stringent technical requirements, thereby meeting the evolving needs of customers, ”said Masan High-Tech Materials. said the representative of Tech Materials.