H.C. Starck and Jiangxi Expand Tungsten Business in China
Jiangxi Rare Metals Tungsten Group Holding Co. Ltd. (JXTC) and H.C. Starck recently broke ground on their tungsten joint venture in Ganzhou City, Jiangxi Province, China. Starting in late 2013, the plant will produce tungsten metal powders and carbides for the Chinese market.
“This alliance between two giants of the tungsten industry is another successful strategic cooperation integrating into world economy,” said Zhong Xiaoyun, president and CEO of JXTC. “This cooperation plays to the competitive strengths of both partners and creates a new model of close cooperation between Chinese and German high-tech companies.”
“This joint venture is our largest project to date in China and the core of our growth strategy in Asia,” said Andreas Meier, president and CEO, H.C. Starck Group. “I am pleased that we could win an experienced and reliable partner like JXTC for this project. We will primarily supply the products of our joint venture to the hard metal manufacturers for the automotive and engineering industries, as well as to suppliers for the mining and energy industry in China.”
For additional information, visit www.hcstarck.com.