Masan High-Tech Materials, Mitsubishi Materials to forge strategic alliance
Masan High-Tech Materials Corporation has signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation, with an objective of developing a leading high-tech tungsten materials platform.
A high-tech production line of Masan High-Tech Materials Corporation in Vietnam (Photo courtesy of the company)
Hanoi (VNA) –𝔉 Masan High-Tech Materials Corporation has signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation, with an objective of developing a leading high-tech tungsten materials platform.
As part of the deal, Mitsubishi Materials will buy more than 109.9 million newly issued shares through a private placement for an estimated value of 90 million USD.
Once completed, Mitsubishi Materials will become the second largest shareholder of Masan High-Tech Materials with an ownership of 10 percent.
The two sides will discuss the development of a separate business unit to strengthen and unlock the synergies between their respective mid-stream tungsten platforms.
After the acquisition of H.C Starck, a leading global mid-stream tungsten business this June, forming strategic partnership with Mitsubishi Materials is validation of the Masan High-Tech Material's transformation into a vertically integrated high-tech tungsten platform.
Masan High-Tech Materials’s Chief Executive Officer Craig Bradshaw said forging a strategic alliance with Mitsubishi Materials will certainly accelerate its vision to become an end-to-end global high-tech industrial materials platform. Customers will benefit the most as this partnership will strengthen capabilities to supply quality and innovative products and solutions.
For his part, Makoto Shibata, Director and Chief Financial Officer of Mitsubishi Materials, said the tungsten business including the cemented carbide tool business is viewed as one of the major pillars of its growth strategy, adding that new investment in Masan High-Tech Material will have a significant impact on the firm’s development.
The closing of the strategic investment is subject to certain regulatory approvals (including governmental approval in Vietnam) and Masan High-Tech Materials’ shareholders’ approval./.
Masan Resources Corporation (MRC) said its Masan Tungsten Limited Liability Company has recently signed a contract to acquire the tungsten business of Germany-based H.C. Starck Group GmbH.
Japan’s Mitsubishi Corp. and Nomura Real Estate Development will join hands with Vietnamese conglomerate Vingroup on a smart urban development project in Ho Chi Minh City, according to Nihon Keizai daily business newspaper.
Authorities in the central coastal province of Binh Dinh will offer attractive policies and mechanisms to support Mitsubishi Motors Vietnam in building an automobile manufacturing factory at Becamex Industrial Park.
The Masan Tungsten Company Ltd., a wholly-owned subsidiary of the Masan Resources Corporation (MSR), has completed the legal steps to acquire the tungsten business of Germany’s H.C. Starck Group GmbH, according to the corporation.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
A high-tech production line of Masan High-Tech Materials Corporation in Vietnam (Photo courtesy of the company)
