Solvay secures 100% ownership of Rare Earths joint venture in Japan
October 11, 2022/
Major specialty material suppliers are increasingly relying on sustainability as a key growth engine, particularly in fast-emerging industries like electronics and electric vehicles. Solvay has made a strategic decision to secure the rare earth materials supply by acquiring minority stakes from Santoku Corporation to take full ownership of Solvay Special Chem Japan (SSCJ).
The transaction would strengthen Solvay’s position as a market leader in the field of rare earth specialties, which are used to regulate emissions in automotive, semiconductor processing, and other emerging technologies, including solid oxide fuel cells.