TYO:6728

3 stories mentioning TYO:6728Updated just now

Every FINWIRES story that references TYO:6728, newest first.

Ulvac Approves Unit Demerger for Planned Flat Panel Display Business Integration in China

Ulvac (TYO:6728) board approved an incorporation-type demerger of its consolidated subsidiary as part of a planned integration of its flat panel display target materials business with a joint venture in China, according to a Tokyo bourse filing on Tuesday.The vacuum technology company said that the target business is currently held by its South Korea-based consolidated subsidiary, Pure Surface Technology, and the split will be conducted as a "human demerger."The demerger, subject to conditions, is scheduled to be effective Aug. 11, and the target business will be transferred to a newly established company.

TYO:6728

Asia42d ago

Jefferies Adjusts Ulvac's Price Target to 13,000 Yen From 10,800 Yen, Keeps at Buy

Ulvac (TYO:6728) has an average rating of buy and mean price target of 11,555.56 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

TYO:6728

Asia54d ago

Market Chatter: Ulvac to Move Key Furnace Production to Japan

Ulvac (TYO:6728) plans to relocate production of equipment used to make rare-earth magnets from China to Japan, amid tightening export controls, Nikkei reported Friday.The company, which dominates the market for vacuum sintering and melting furnaces, had based all such production in China. Concerns over potential export restrictions have prompted the shift, according to the report.Ulvac will add melting furnace capacity at its Chigasaki plant in Kanagawa this summer, with output of up to 12 units a year. The capacity equates to roughly 24,000 metric tons of magnet production, mainly for neodymium magnets used in electric vehicles and data centers, the report said.Ulvac expects global demand for rare-earth magnets to exceed 400,000 tons by 2030, with its new capacity potentially covering about 15% of that level, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6728

Track with the FINWIRES app suite

FolioX

Track TYO:6728 in your portfolio

WheelAI

Analyze TYO:6728 options with the wheel strategy

StockInsider

See market sentiment on TYO:6728