H.C. Starck Tungsten Powders sold to Masan Resources

June 15, 2020

H.C. Starck Tungsten Powders, Goslar, Germany, a leading global provider of customer-specific tungsten powder, and part of H.C. Starck Group GmbH, has been acquired by Vietnamese-based Masan Resources. A subsidiary of Masan Group, Masan Resources is a supplier of critical minerals including tungsten, fluorspar and bismuth.

According to the H.C. Starck Group, all required approvals by government authorities have been received, allowing completion of the transaction.

H.C. Starck Tungsten Powders develops and produces high-performance powders made from the refractory metal tungsten and its compounds. It has a patented recycling process with which it extracts tungsten in what it states as the highest quality from secondary raw materials. The business has approximately 540 employees across three production sites in Germany, Canada and China, as well as sales offices in the USA and Japan.

Masan Resources is reported to have one of the world’s largest tungsten deposits and associated refining facilities outside of China.

“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,” stated 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.”

Craig Bradshaw, CEO of Masan Resources commented, “The competencies of both companies in the field of raw materials on the one hand and the highly specialised processing on the other complement each other perfectly. 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.”

www.hcstarck.com

www.masangroup.com

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link