Masan High-Tech Materials’ Tungsten production hits record highs

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HANOI, VIETNAM –News Immediate– Masan

HANOI, VIETNAM – Media OutReach – 25 April 2022 – Masan High-Tech Products Company (HNX-UpCOM: MSR, “Masan Significant-Tech Materials”, “MHT” or “Company”) productively arranged its 2022 Annual General Meeting of Shareholders with the concept of ‘Growth nevertheless Sustainability’ at the Melia Hanoi Hotel.

Craig Richard Bradshaw, CEO of Masan High-Tech Materials speaks at the meeting — Craig Richard Bradshaw, CEO of Masan Higher-Tech Elements speaks at the conference

In 2021, MHT’s overall Tungsten output increased by a report 97% in comparison to 2020, 26% of output came from recycling of tungsten scraps with 74% coming from most important source resources such as MHT’s Nui Phao in Thai Nguyen. Net Revenues have been up 86% yr on year at VND13,564 billion. Tungsten revenues ended up substantially larger owing to the consolidation of H.C. Starck Tungsten Powders (“H.C. Starck”) and the higher APT price for FY2021 ($286/mtu) as in comparison to the exact time period past yr ($222/mtu). EBITDA amplified by 114% for 12M2021 at VND3,070 billion. Our ahead buy ebook is the strongest it has been in several many years, which is positive for both profits volumes and selling prices.

Speaking at the meeting, Mr. Craig Richard Bradshaw, CEO of Masan High-Tech Components mentioned “Masan High-Tech Resources performed strongly in 2021 despite the issues of the international Covid-19 pandemic and its subsequent influence on world supply chains and transportation devices. We accomplished history earnings for the year alongside with history tungsten manufacturing and recycling rates”.

2021 witnessed results of the productive integration with the tungsten business platform of H.C. Starck running in Germany, Canada and China when Masan Higher-Tech Elements robustly carried out technologies transfer, leveraging additional than 100 years of expertise of H.C. Starck, when at the very same time advertising and marketing worldwide enterprise restructuring with the purpose of increasing operational performance and expanding the organization and product portfolio. The HCS organization contributed considerably to the in general MHT final result with an EBITDA of VND 746 billion whilst the Vietnam-primarily based companies (Nui Phao Mining and Masan Tungsten Corporation) contributed VND 2,324 billion to the total result. This consequence vindicates the final decision to purchase the HCS small business in the early phases of the Covid-19 pandemic in 2020 and sets MHT up well for the upcoming.

Our ongoing financial commitment in innovation and growth is also providing price with new shopper-centric items especially customized for the electric mobility and 3D printing segments coming into the market quickly. Further than these new product ranges the team have also created new analytical products which is now in prototyping phase getting been patented in late 2021. In recycling, we have submitted extra patent purposes for a new recycling process for cobalt bearing sludges and battery black mass. This new system will help the recycling of numerous difficult cutting instrument sludges and battery black mass with a reduced environmental footprint than present-day recycling processes. We see this as a opportunity match changer for environmentally sustainable recycling of Copper, Cobalt, Nickel, Manganese, Lithium etc. from these components.

With a robust motivation to investment decision in technologies and innovation across all processing chains, Masan Substantial-Tech Supplies carries on to dominate the large-tech materials production sector, even though attaining additional acclaim at both of those national and international degrees, with 16 domestic patents, 87 intercontinental patents, 54 application patents, 40 ongoing scientific initiatives and 32 jobs in the ideation stage.

Danny Le - Chairman of Masan High-Tech Materials. — Danny Le – Chairman of Masan Large-Tech Components.

Mr. Danny Le – Chairman of Masan Substantial-Tech Materials shared the company’s strategic eyesight for 2022-2025 “In the incredibly near future, Masan Large-Tech Products will be far more than a provider of strategic high-tech products, partnering with disruptive shopper know-how platforms to build immediate-to-client products wherever tungsten is a critical factor. Most importantly, we visualize a circular system where we can recycle these products to push sustainability and productivity”.

In 2022, the Firm will proceed to emphasis on recycling uncooked components, employing carbon neutrality initiatives and endorsing the gains of the circular financial system. In the context of the world-wide financial restoration following Covid-19, constructive indicators in the tungsten market place and the shift from gasoline to electric powered autos, Tungsten charges will be probably to go up in 2022. The corporation expects to attain 2022 earnings of about VND 14,500-15,000 billion, pre-allocated net earnings to shareholders is about VND 300 billion to 500 billion.

At the meeting the shareholders also authorised the issuance of new shares beneath the staff stock ownership system (ESOP) at the cost of VND20,000 /share, which is predicted to take spot in the 2nd quarter of 2022. This incentive coverage aims to understand contributions of superb workers to the enterprise. Proceeds from the issuance will be made use of to improve funds disorders, fund organization pursuits, and replenish the company’s working capital.

Towards creating a extensive-phrase sustainable company for Masan folks and the neighborhood, Masan Significant-Tech Resources stays fully commited to ‘Growth via Sustainability’, striving to affirm its placement and model in the domestic current market and region. In the long run, Masan Large-Tech Products will not only be a supplier of strategic significant-tech materials. We focus on research and development and cooperate with the world’s top progressive enterprises to develop strategic and higher-tech advanced supplies. We also attempt for continuous improvement of our procedures to meet up with the ever-changing desires of high-tech marketplace prospects. Our ambitions keep on being on heading downstream and creating a world-wide shopper business enterprise. “Instead of just giving key materials to make smartphones, cars, planes, and submarines, Masan High-Tech Materials may a single day produce realistic shopper goods for these significant industries”, Bradshaw stated.

ABOUT MASAN High-TECH Components

Masan Substantial-Tech Resources is the world wide leader in offering advanced tungsten resources made use of in critical industries this kind of as electronics, chemical, automotive, aviation and aerospace, vitality and prescribed drugs with production amenities in Vietnam, Germany, Canada and China, servicing the planet. As the largest maker of mid-stream tungsten solutions exterior of China, the business has two exploration and enhancement facilities in Germany and Vietnam, and it is currently operating the Nui Phao polymetallic mine and a state-of-the artwork processing plant in Thai Nguyen province. Masan Significant-Tech Elements is also a globally substantial producer of fluorspar and bismuth.

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