Masan High-Tech Materials Corporation (Vietnam)

Masan High-Tech Materials is a global leader in providing advanced tungsten materials for industries such as electronics, chemical, automotive, aviation and aerospace, energy, and pharmaceuticals. The company has production facilities in Vietnam, Germany, Canada, and China, serving customers worldwide. They are the largest manufacturer of mid-stream tungsten products outside of China and have research and development centers in Germany and Vietnam. Masan High-Tech Materials operates the Nui Phao polymetallic mine and a state-of-the-art processing plant in Thai Nguyen province. They are also a significant producer of fluorspar and bismuth. The company was established in 2010 as Masan Resources Corporation, focusing on mining and resources extraction activities. In 2014, they began commercial production of tungsten concentrate, copper concentrate, fluorspar concentrate, and bismuth concentrate. They established Masan Tungsten Manufacturing LLC as a joint venture with H.C. Starck Tungsten GmbH, later acquiring a majority stake and renaming it Masan Tungsten Limited Liability Company. In June 2020, Masan High-Tech Materials acquired the global tungsten business platform and high-tech manufacturing plants of H.C. Starck Tungsten GmbH in Germany, Canada, and China. This acquisition allowed for vertical integration with their existing assets, expanding their product mix, technical capability, customer base, and geographical reach. They also formed a strategic alliance with Mitsubishi Materials Corporation in the tungsten industry. These developments demonstrate Masan High-Tech Materials' transformation into a vertically integrated advanced high-tech materials development platform, with a focus on sustainability, innovation, and customer solutions.