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H.C. Starck Tungsten business sold to Masan Resources in Vietnam

H.C. Starck Tungsten Powders, a leading global provider of customer-specific tungsten powder, is now part of Masan Resources. All required approvals by government authorities have been received, allowing completion of the transaction between Masan Resources and the H.C. Starck Group GmbH. The Vietnamese-listed subsidiary of Masan Group has one of the world's largest tungsten deposits and associated refining facilities outside of China.

 

Strategic owner with a long-term perspective

"The entry of a strategic owner on time for the hundredth anniversary we are celebrating this year marks the beginning of a new era for our company," says Dr. Hady Seyeda, CEO of H.C. Starck Tungsten Powders. “We can now fully focus on global growth as a technology and quality leader in tungsten powder. Direct access to primary raw materials as a complement to our recycling expertise means even more flexibility and security for our customers all over the world.”

"The competencies of both companies in the field of raw materials on the one hand and the highly specialized processing on the other complement each other perfectly," comments Craig Bradshaw, CEO of Masan Resources. "For us, this transaction is the next strategic step in executing on our vision to become a leading global vertically integrated high-tech industrial materials platform.”
Highly specialized development and production

About H.C. Starck

H.C. Starck Tungsten Powders develops and produces high-performance powders made from the refractory metal tungsten and its compounds, each of which fulfills individual customer requirements. A dedicated research and development department realizes new products as well as innovative pro-cessing technologies. This includes a patented recycling process with which H.C. Starck Tungsten Powders extracts tungsten in the highest quality from secondary raw materials.

H.C. Starck Tungsten Powders has around 540 employees across three production sites in Germany, Canada, and China, as well as sales offices in the United States and Japan. The company head-quarters are located in the largest production facility in Goslar, Germany.

Source: H.C. Starck

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