15 November 2012

5N Plus opens Malaysian recycling facility; acquires JV’s Shenzhen gallium refining plant

5N Plus Inc of Montreal, Quebec, Canada, a producer of specialty metal and chemical products, says that its new Malaysian recycling facility is now operational.

Located in the Kulim High Technology Park (one of Malaysia's highest-profile industrial areas for technological firms), the facility was completed under budget. Providing recycling services for solar cell manufacturers, it is expected to gradually increase its range of products and services to address broader requirements and to capture opportunities in the South-Asian market.

5N Plus focuses on specialty high-purity metals such as tellurium, cadmium, selenium, germanium, indium and antimony and also produces related II-VI semiconducting compounds such as cadmium telluride (CdTe), cadmium sulphide (CdS) and indium antimonide (InSb) as precursors for the growth of crystals for electronic applications, including solar photovoltaic, radiation detector and infrared markets. In addition, in April 2011, 5N Plus acquired MCP Group SA of Tilly, Belgium, a producer and distributor of bismuth and bismuth chemicals (with a 50% global market share) as well as other specialty metals (including gallium, indium, selenium and tellurium).

 5N Plus has now also acquired the remaining 50% ownership stake in joint venture company MCP Metals (Shenzhen) Co Ltd, a gallium refining facility in Shenzhen, China.

“Expansion of our activities in Asia is part of our growth strategy as we expect to see increasing demand for our products in this part of the world,” says 5N Plus’ president & CEO Jacques L’Ecuyer. “Our Shenzhen and new Malaysian facilities will be instrumental in allowing us to leverage this demand and the corresponding business opportunities.”  

Tags: 5N Plus

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