© Konstantin Semenov Dreamstime.com Electronics Production | June 25, 2018
Furuya Metal invests in Tsuchiura plant
Furuya Metal Co., Ltd. will invest in enhancing the ruthenium (Ru) refining capability of its Tsuchiura Plant (Japan). Capacity will increase to around 60 tons per year by December 2019 in response to growing demand.
This capability-enhancement investment is in response to the growing demand, both within Japan as well as overseas, for high-purity ruthenium targets used in hard disks. The scale of the investment is JPY 1.6 billion (EUR 12.5 million), with the first phase of JPY 600 million planned to be invested by the end of December 2018. Through the first phase of investment, the refining and recovery capability for ruthenium will be increased by approximately one ton monthly, from the current 2.4 tons monthly to 3.5 tons monthly. This increases the annual capability by 12 tons, a press release states. Furthermore, the remaining JPY 1 billion will be invested by December 2019 during the second phase of the investment. The plan is to put in place a system to handle the growing demand for targets as well as chemical products such as catalysts. Through the second phase of investment, ruthenium refining and recovery capability will be further increased, bringing it up to five tons per month. This will bring refining and recovery capability to approximately 60 tons each year, which is almost double the current capability. Furuya Metal's ruthenium targets, according to a press release from the company, have received high recognition in mass-production prototypes for the next-generation semiconductor memory known as spin-transfer torque magnetoresistive random-access memory (STT-MRAM). The increase in demand for ruthenium targets is expected to further grow together with the establishing of the market for STT-MRAM from 2020 onward. In addition, the demand for highly-functional chemical catalysts is also expected to increase with their use as an environmental measure.
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