Development Work Tungsten Oxide Supply Initiative of the Plansee Group in the USA

Source: Ceratizit | Translated by AI 1 min Reading Time

The Plansee Group announces that Plansee US Holding Corp. and Manhattan Five Partners LLC have entered into a binding cooperation agreement. This involves a joint venture for a strategic tungsten oxide reserve in the USA.

US initiative! Tungsten oxide, here pressed into granules, is essential for cutting tools and other applications. But it is scarce, which is why it is a critical raw material. The Plansee Group is now ensuring that security of supply is a little more guaranteed ...(Image: Oxidoxi)
US initiative! Tungsten oxide, here pressed into granules, is essential for cutting tools and other applications. But it is scarce, which is why it is a critical raw material. The Plansee Group is now ensuring that security of supply is a little more guaranteed ...
(Image: Oxidoxi)

For the Ceratizit Group, the cooperation on the tungsten oxide reserve is reportedly an extremely positive strategic milestone. This is because it underpins the long-term positioning in the area of supply chain security, which is fundamentally resilient, recycling-oriented and anchored in an integrated value chain. At the same time, western production capacities are being strengthened—and thus the foundation of the customer promise, which means stability and reliability in an environment characterized by volatility and increasing traceability requirements. The initiative aims to establish a secure supply of tungsten in the United States and reduce dependence on foreign sources for this critical raw material.

Tungsten Oxide Capacity to Increase to 13,000 Short Tons Per Year

The deal combines the Plansee Group's industrial and technological leadership in tungsten oxide processing with Manhattan Five's expertise in structuring, financing and managing large-scale infrastructure and strategic asset platforms. A significant portion of the additional production volume will be used to build up the strategic tungsten oxide reserve. It is intended to meet the needs of the government, defense and key industries. Under the joint venture structure, Manhattan Five will be responsible for storage, logistical infrastructure and long-term asset management, while Plansee will manage production expansion and supply. Plansee intends to expand the production capacity for tungsten oxide at its US site in Towanda (Pennsylvania)—Global Tungsten & Powders (GTP), a division of the Ceratizit Group—to around 13,000 short tons per year within a short period of time. The first deliveries are expected to start this year.

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