Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Shin-Etsu Chemical Co Ltd    4063   JP3371200001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

SHIN-ETSU CHEM. YN 50 : Shin-Etsu announces price increase for rare earth magnets

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/07/2011 | 09:55am CET

Steeply rising prices of key raw materials necessitate this step

Tokyo, June 7, 2011: Shin-Etsu Chemical Co., Ltd. (Head Office: Tokyo, President: Shunzo Mori) announced that it will increase the price in Japan and overseas of rare earth magnets, one of its main products, effective for shipments made starting from July 1, 2011.

The prices of neodymium and dysprosium, the key raw materials for rare earth magnets, continue to rise steeply due to mining restrictions and the cutting of export quotas for rare earth minerals by China, which is the main world supply source for these materials. Until now, the selling prices of rare earth magnet products were decided on a sliding scale tied to the change in the prices of rare earth elements, and a price revision was implemented every three to six months.

However, the recent prices of neodymium and dysprosium are increasing at an abnormal pace of 3 times in a 2-month period, and the existing price-revision period became no longer in accordance with the actual situation.

For this reason, Shin-Etsu Chemical has decided to make price revisions on a monthly basis, effective for shipments made starting from July 1, 2011, and the prices of rare earth magnet products will be revised based on the most recent prices of the raw materials. With this price revision announcement, the increase in the price of rare earth magnets will be over 40%.

To help the company cope with the rising prices of the key raw materials for rare earth magnets, Shin-Etsu Chemical is already carrying out an in-company recycling process, and moreover, we have started recovering rare earth magnets from scraped automobiles and air-conditioners.

In addition, we are making all-out efforts to assure the stable procurement of raw materials for rare earth magnets. We are working toward this goal by making use of our technologies for the separation and refining of rare earths, in cooperating in the development of new mining, and at the same time, going forward with mass production of these magnets using the grain boundary diffusion method that will halve the usage of dysprosium.

However, in order to continue to supply rare earth magnet products, this change in the price-revision period for sales of these magnets has become unavoidable.

Rare earth magnets are highly functional permanent magnets that have more than 10 times the magnetic energy of ferrite magnets and are used in such applications as hybrid cars, home appliances such as energy-saving air-conditioners, hard disk drives (HDD) for PCs as well as for various motor applications for industrial equipment and other applications. In the future, it is anticipated that demand for applications in energy-saving-related areas, such as for electric vehicles and wind-power generation, will further increase.

For inquires about this matter, please contact: Shin-Etsu Chemical Co., Ltd.

Public Relations Dept.

Tetsuya Koishikawa

Tel: 03-3246-5091, or from outside Japan: 81-3-3246-5091

Fax: 03-3246-5096, or from outside Japan: 81-3-3246-5096

e-mail sec-pr@shinetsu.jp

www.shinetsu.co.jp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SHIN-ETSU CHEMICAL CO LTD
11/22 SHIN ETSU CHEMICAL : Patent Issued for Glass Base Material Elongating Method (US..
10/27 SHIN ETSU CHEMICAL : Patent Issued for Phosphor-Containing Resin Molded Body, Li..
10/27 SHIN ETSU CHEMICAL : to proactively expand its silicones business Total of new i..
10/19 GLOBAL METHYLENE CHLORIDE MARKET 201 : DOW Chemical, AkzoNobel, Ineos, Solvay, K..
09/28 SHIN-ETSU CHEMICAL CO LTD : ex-dividend day for interim dividend
09/15 SHIN ETSU CHEMICAL : Patent Issued for Hydrophilized Silicone Particles and Maki..
09/13 GLOBAL SILICONE OIL END-USE MARKET 2 : Clearco Products, Shin-Etsu Chemical, Iot..
09/13 Silicon-on-Insulator (SOI) Market 2016 - SunEdison, Shin-Etsu Handotai, Siltr..
09/09 SHIN ETSU CHEMICAL : Patent Issued for Symmetric Hyperbranched Type Silicone-Mod..
09/01 Patent Issued for Composite Substrate (USPTO 9425248)
More news
Sector news : Commodity Chemicals - NEC
12/09 Germany's Evonik buys Huber's silica unit to boost speciality chemicals
12/07DJLINDE : Resumes Merger Talks With Praxair -- 2nd Update
12/07DJLINDE : Executive Board Of Linde AG Will Resume Talks With Praxair, Inc. About P..
12/02 BRASKEM : Brazil's Braskem shares jump as deal in graft probe seen imminent
11/30 Linde considers fresh merger overture from Praxair
More sector news : Commodity Chemicals - NEC
News from SeekingAlpha
2015 Molycorp skyrockets after announcing Siemens deal
Advertisement
Financials ( JPY)
Sales 2017 1 218 835 M
EBIT 2017 -
Net income 2017 165 647 M
Finance 2017 616 945 M
Yield 2017 1,29%
P/E ratio 2017 23,47
P/E ratio 2018 21,37
EV / Sales 2017 2,73x
EV / Sales 2018 2,66x
Capitalization 3 942 541 M
More Financials
Chart SHIN-ETSU CHEMICAL CO LTD
Duration : Period :
Shin-Etsu Chemical Co Ltd Technical Analysis Chart | 4063 | JP3371200001 | 4-Traders
Full-screen chart
Technical analysis trends SHIN-ETSU CHEMICA...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 8 642  JPY
Spread / Average Target -5,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Yasuhiko Saitoh President & Representative Director
Chihiro Kanagawa Chairman
Toshinobu Ishihara Senior MD, Manager-Research & Development
Shunzo Mori Director
Fumio Akiya Vice Chairman & Head-Semiconductor Business
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SHIN-ETSU CHEMICAL CO ..38.86%34 434
AIR LIQUIDE3.01%42 405
LYONDELLBASELL INDUSTR..1.75%36 897
PRAXAIR, INC.21.02%35 091
AIR PRODUCTS & CHEMICA..26.39%32 402
NAN YA PLASTICS CORP--.--%17 609
More Results