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 newsTweets

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 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
07/06 SHIN ETSU CHEMICAL : Patent Issued for Solar Battery Cell and Manufacturing Meth..
06/22 SHIN ETSU CHEMICAL : to double its production capacity of rare earth magnets in ..
06/21 Shin Etsu Polymer chooses Solvay's KetaSpire PEEK to meet growing demand for ..
06/15 SHIN ETSU CHEMICAL : Patent Issued for Double-Disc Grinding Apparatus and Workpi..
06/01 SHIN ETSU CHEMICAL : Patent Issued for Process for Forming Multi-Layer Film and ..
06/01 SHIN ETSU CHEMICAL : Patent Issued for Pattern Forming Process (USPTO 9658532)
06/01 SHIN ETSU CHEMICAL : Patent Issued for Dipole Ring Magnetic Field Generator (USP..
05/31 SHIN ETSU CHEMICAL : has developed highly functional new coloring pigments for c..
05/20 SHIN ETSU CHEMICAL : Japanese firm expands production plant in Laguna
05/15 Sodium Hydroxide Market 2017 - Dow Chemical, OxyChem, Axiall, Olin Corporatio..
More news
News from SeekingAlpha
07/09 Portfolio Update Heading Into Q2
04/07 Shin-Etsu Chemical Leading Its Peers For Good Reasons
2015 Molycorp skyrockets after announcing Siemens deal
Financials ( JPY)
Sales 2018 1 345 877 M
EBIT 2018 -
Net income 2018 207 211 M
Finance 2018 936 634 M
Yield 2018 1,27%
P/E ratio 2018 21,12
P/E ratio 2019 18,86
EV / Sales 2018 2,61x
EV / Sales 2019 2,40x
Capitalization 4 450 699 M
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 11 615  JPY
Spread / Average Target 13%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
SHIN-ETSU CHEMICAL CO LTD13.55%39 758
AIR LIQUIDE2.65%48 976
PRAXAIR, INC.15.38%38 583
LYONDELLBASELL INDUSTRIES NV1.45%35 052
AIR PRODUCTS & CHEMICALS, INC.1.66%31 790
NAN YA PLASTICS CORP--.--%19 544