Vietnam's Masan Resources to acquire HCStarck tungsten business

Masan Tungsten, a wholly owned subsidiary of Vietnam's Masan Resources Corp, has signed an agreement to buy the tungsten business of Germany's HC Starck Group.

The tungsten business purchase is a strategic step for Masan Resources in its drive to become a world-leading high-tech industrial materials manufacturer, the miner said on Tuesday, September 17. HC Starck is a leading manufacturer of high-tech tungsten metal powders and carbides with production hubs in Europe, North America and China. "[Our] low-cost, stable primary...

Published

Ewa Manthey

September 17, 2019

17:43 GMT

London