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

SHIN-ETSU CHEMICAL CO LTD (4063)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

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 CEST

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 [email protected]

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
06/21SHIN ETSU CHEMICAL : Researchers Submit Patent Application, "Polarization Indepe..
AQ
06/21SHIN ETSU CHEMICAL : Patent Application Titled "7-Methyl-3-Methylene-7-Octenal A..
AQ
06/21SHIN ETSU CHEMICAL : Researchers Submit Patent Application, "Negative Electrode ..
AQ
05/31SHIN ETSU CHEMICAL : "Stretchable Film, Method for Forming the Same, Stretchable..
AQ
05/25SHIN ETSU CHEMICAL : Patent Issued for Method for Producing Ethyl 4-Methyloctano..
AQ
05/17SHIN ETSU CHEMICAL : Researchers Submit Patent Application, "Stretchable Film, M..
AQ
05/03SHIN ETSU CHEMICAL : Patent Issued for Method for Preparing a Composition Compri..
AQ
05/03SHIN ETSU CHEMICAL : Patent Issued for Mono-Functional Branched Organosiloxane C..
AQ
05/03GLOBAL UNDERFILL MARKET 2018- HENKEL : 9strategy.biz added a depth and professio..
AQ
05/03GLOBAL QUARTZ GLASS PRODUCT MARKET 2 : 9strategy.biz added a depth and professio..
AQ
More news
News from SeekingAlpha
05/02ON Semiconductor Performing Well As The Cycle Ages 
03/16Almost Everything Going Right For Shin-Etsu Chemical 
01/31Sumco's Rocket Ride May Not Be Over Yet 
2017Portfolio Update Heading Into Q2 
2017Shin-Etsu Chemical Leading Its Peers For Good Reasons 
Financials ( JPY)
Sales 2019 1 544 B
EBIT 2019 -
Net income 2019 282 B
Finance 2019 1 079 B
Yield 2019 1,61%
P/E ratio 2019 15,00
P/E ratio 2020 13,87
EV / Sales 2019 2,07x
EV / Sales 2020 1,85x
Capitalization 4 269 B
Chart SHIN-ETSU CHEMICAL CO LTD
Duration : Period :
Shin-Etsu Chemical Co Ltd Technical Analysis Chart | 4063 | JP3371200001 | 4-Traders
Technical analysis trends SHIN-ETSU CHEMICAL CO LTD
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 14 177  JPY
Spread / Average Target 42%
EPS Revisions
Managers
NameTitle
Yasuhiko Saitoh President & Representative Director
Chihiro Kanagawa Chairman
Fumio Akiya Vice Chairman & Head-Technology
Toshinobu Ishihara Senior MD, Manager-Research & Development
Shunzo Mori Director
Sector and Competitors
1st jan.Capitalization (M$)
SHIN-ETSU CHEMICAL CO LTD-16.18%38 799
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%100 800
AIR LIQUIDE3.62%53 670
PRAXAIR0.77%45 445
LYONDELLBASELL INDUSTRIES0.63%43 528
NAN YA PLASTICS CORP--.--%22 147