Solvay secures 100% ownership of Rare Earths joint venture in Japan
10 Octobre 2022 - 8:30AM
Solvay secures 100% ownership of Rare Earths joint venture in Japan
Solvay secures 100% ownership of Rare Earths joint venture in
Japan
Brussels, October 10th, 2022
Solvay announced it has taken full ownership of its joint
venture stake Solvay Special Chem Japan (SSCJ) by acquiring 33% of
the minority shares from Santoku Corporation.
As the sole owner of this operation located in Anan, Japan,
Solvay has advanced its capabilities in the production of Rare
Earth specialities used for emissions control in automotive,
semiconductor processing, and other emerging technologies including
solid oxide fuel cells. This transaction further strengthens
Solvay's global plans to leverage its exceptional industrial and
technical capabilities in Rare Earths chemistry to play a key role
in mobility, connectivity and electrification.
“This transaction marks a logical step forward in our global
plan to expand our leadership in Rare Earths specialties,” said
lham Kadri, Solvay CEO. “It follows our recent announcement to
invest in our La Rochelle, France operations with an intention to
develop a major hub for Rare Earths magnets in Europe. We are very
excited about our ability to strengthen our leadership in Rare
Earths as it is directly aligned with Solvay’s ambition to bring
more sustainable solutions to growing, attractive markets including
electric vehicles and electronics.”
Solvay (EU:SOLB)
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