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HO CHI MINH CITY, VIET NAM – Media OutReach October 26, 2020 – Masan High-Tech Materials Corporation (“MHT” or the “Company”) has signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation (“MMC”) with the aim of developing a leading -Tech platform of tungsten materials.

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Modern line of Masan High-Tech Materials plants in Vietnam

As part of the strategic alliance, MMC will purchase 109,915,542 newly issued common stock through private placement for a total cash consideration of $ 90 million.

MHT’s chemical processing plant in the Nui Phao polymetallic ore mine

Upon completion of the transaction, MMC will own 10% of the Company’s share capital and become the second largest shareholder.

Following the completion of the transaction, the parties will discuss the development of a separate business unit to strengthen and unlock synergies between their respective mid-tier tungsten platforms.

The ability to offer cutting-edge solutions to customers and the strategic flexibility to be integrated along the value chain is critical in delivering sustainable growth and will continue to be a critical factor in the tungsten space.

MHT prides itself on providing innovative and constantly improving product offerings. MHT is one of the few tungsten platforms that benefits from a steady supply of primary (concentrated) and secondary (recycled) raw materials which are then further processed into oxides, powders, carbides and chemicals of the highest quality. MHT’s success is underpinned by a combination of world-class research and development with dedicated application engineers who have a proven track record of delivering optimized specifications to meet the ever-changing needs of end customers.

Following the acquisition of HC Starck (HCS), a global leader in the mid-range tungsten sector, in June this year, MMC’s participation as a strategic partner is a validation of transformation into a vertically integrated high-tech tungsten platform. MMC will add significant value as a strategic partner and, through the partnership, the parties will be positioned to develop cutting-edge solutions for end customers that will accelerate growth, including:

1. Establish opportunities for collaboration and joint investment in revolutionary research and development of key technologies to enhance the parties’ respective high-tech tungsten portfolio;

2. Enhance the ability of MMC and MHT to provide industry-leading quality and performance in their high-tech tungsten products in the future; is

3. Strengthen the sales network in Asia Pacific, which will expand the consumption of MHT fine powders in the region.

Craig Bradshaw, CEO of MHT, said: “I am extremely proud that we are starting to realize our strategic vision. Creating a strategic alliance with MMC will certainly accelerate our vision to become a global end-to-end high-tech industrial materials platform. Our customers will benefit the most as this partnership will strengthen our capabilities to provide innovative and quality products and solutions.

“The alliance also positions MHT and HCS to build a mid-range Asian tungsten franchise, which is the missing piece of our strategic puzzle. I am extremely excited and look forward to developing a long-term and win-win partnership with MMC.

Makoto Shibata, MMC Director and Chief Financial Officer, said: “We have set the tungsten sector, including the carbide tooling sector, as one of the main pillars of our growth strategy. I aI am excited about the new partnership that will create our investment in MHT and have a significant impact on our future.

Credit Suisse acted as exclusive financial advisor to MHT.

The closure of the strategic investment is subject inter alia certain regulatory approvals (including government approvals in Vietnam) and MHT shareholder approval.


Investors / Analysts

Tanveer gill

T: +84 28 6256 3862

IS: [email protected]


Ngan Vo

T: +84 989 363 769

IS: [email protected]


Masan High-Tech Materials (MHT) is a subsidiary of Masan Group. The company, a leading supplier of critical minerals including tungsten, fluorite and bismuth, currently operates a world-class polymetallic mineral resource and chemical processing plant in North Vietnam. Masan High-Tech Materials is also a leading international supplier of refractory metals for growing industrial sectors such as electronics, chemicals, automotive, medical technology, aviation and aerospace, energy and environmental technology from its production sites in Europe, America and Asia. Masan High-Tech Materials’ vision is to show the world that a Vietnamese company can lead the transformation of the global tungsten market.


Mitsubishi Materials Group is an “integrated materials manufacturer”. Mitsubishi Materials Group meets customer needs by supplying basic materials such as copper and concrete. Mitsubishi Materials Group also manufactures and sells mechanical parts, electronic materials and components used in automobiles, household appliances, etc., as well as the tools used to make them. Mitsubishi Materials Group is also involved in the recycling and energy business.

Mitsubishi Materials Group, according to the corporate philosophy “For people, society and the Earth”, pursues the vision of “We will become the leading corporate group committed to creating a sustainable world through the innovation of materials, with the use of our technologies unique and distinctive, for people, society and the earth “. Going forward, Mitsubishi Materials Group will continue to build a richer company by making unique materials that meet customer needs and providing processing solutions that are best suited to each customer.

Forward-Looking Statements

This press release contains forward-looking statements relating to Masan High-Tech Materials’ expectations, intentions or strategies that may involve risks and uncertainties. These forward-looking statements, including Masan High-Tech Materials ‘expectations, involve known and unknown risks, uncertainties and other factors, some of which are beyond Masan High-Tech Materials’ control, which may cause High- Tech Materials with respect to operations, financial conditions, performance or results materially different from those expressed or implied in the forward-looking statements. You should not rely on forward-looking statements such as forecasts, future events or promises of future performance.

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