Construction and Operation of Production Facilities in Vietnam
First written in FY2016. 11 of 18 entries say "Advanced", first in FY2017. Latest entry: FY2026.
0 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「The Vietnam subsidiary's plant commenced full-scale operations in July 2025, bringing the diversification of the zirconium oxychloride (ZOC) supply structure and reduction of dependence on specific regions into the implementation stage, along with improvements in supply stability and cost competitiveness.」
The planned Vietnam subsidiary new plant reached the milestone of full-scale operations in July 2025. The next challenges are expanding operations, achieving stable production and reducing costs. - 2026-05-14AdvancedEarnings
「また、ベトナム子会社においては安定稼働を継続し、原価低減活動に引き続き取り組んでまいります。」
ベトナム子会社について、本格稼働後の安定稼働継続と原価低減活動を今後の取り組みとして示した。 - FY2025AdvancedAnnual report
「The Company plans to commence full-scale operations in July 2025 and is proceeding with the installation of various facilities and the strengthening of its local operating structure.」
VREC's new plant is scheduled to commence full-scale operations in July 2025, and the project has progressed to the installation of equipment and strengthening of the local operating structure. - FY2025-H1The transfer of the former plant was changed to the prior transfer of machinery and equipmentAnnual report
「The impairment loss arose from an additional loss at the Vietnam subsidiary's former plant. The Company had initially been negotiating the comprehensive transfer of the machinery and equipment, leasehold rights and buildings, but decided to transfer the machinery and equipment first due to various circumstances, including administrative procedures. As a result, it reduced the carrying amount of the fixed assets corresponding to the machinery and equipment to their recoverable amount. Negotiations to transfer the leasehold rights and buildings not yet transferred are continuing.」
Regarding the disposal of the former plant after VREC's new plant began operations, the Company decided to transfer the machinery and equipment first, while negotiations to transfer the leasehold rights and buildings are continuing. - FY2024AdvancedAnnual report
「VIETNAM RARE ELEMENTS CHEMICAL JOINT STOCK COMPANY, a consolidated subsidiary (VREC), began operating its mass-production plant in August 2023 based on a long-term strategy to avoid the risk of relying exclusively on China for zirconium oxychloride, the principal raw material for zirconium compounds worldwide.」
VREC's new plant began mass production in August 2023. The Company also disclosed that equipment issues had emerged during continuous production and that, although full-scale operations were targeted for January 2025, a delay of approximately six months was possible due to delays in installing equipment. - FY2024-Q2RestatedAnnual report
「VIETNAM RARE ELEMENTS CHEMICAL JOINT STOCK COMPANY, a consolidated subsidiary of the Company, reduced the carrying amount of fixed assets to their recoverable amount following the decision to sell the former plant upon commencement of operations at the new plant, and recorded the reduction as an impairment loss under extraordinary losses.」
The Company continued to disclose the sale of VREC's former plant and the recording of impairment losses following the start of operations at the new plant. - FY2024-Q1AdvancedAnnual report
「The Company and its consolidated subsidiaries generally group operating assets based on management accounting units that continuously monitor profit and loss, while idle assets are assessed individually. VIETNAM RARE ELEMENTS CHEMICAL JOINT STOCK COMPANY, a consolidated subsidiary of the Company, reduced the carrying amount of fixed assets to their recoverable amount following the decision to sell the former plant upon commencement of operations at the new plant, and recorded the reduction as an impairment loss under extraordinary losses.」
VREC recorded an impairment loss of ¥346 million on machinery and equipment, leasehold rights, buildings and other assets at the former plant following the decision to sell it after the new plant began operations. The project has progressed from new plant construction to operations and the transfer of the former plant. - FY2023AdvancedAnnual report
「Expansion of facilities for zirconium intermediates, etc. 10,000,000 8,985,870 Own funds and borrowings First quarter of fiscal 2018 Second quarter of fiscal 2023」
The Company disclosed total investment of ¥10,000 million, payments to date of approximately ¥8,990 million, and completion scheduled for the second quarter of fiscal 2023 for VREC's expansion of facilities for zirconium intermediates and related products. - FY2022AdvancedAnnual report
「• Construction of a new plant at the Vietnam subsidiary ¥992 million」
¥992 million was invested in the new plant at the Vietnam subsidiary during the fiscal year, bringing cumulative payments for the facility expansion plan to ¥8,391.024 million. Completion was scheduled for the second quarter of fiscal 2023. - FY2021AdvancedAnnual report
「• Construction of a new plant at the Vietnam subsidiary ¥4,955 million」
¥4,955 million was invested in the new plant at the Vietnam subsidiary during the fiscal year. Production was scheduled to begin in the second quarter of fiscal 2023. - FY2021-Q3RestatedAnnual report
「At the Vietnam consolidated subsidiary VREC, construction had been progressing toward the scheduled start of production in May 2022 to increase production capacity and expand the business. However, in addition to the continuing difficulty of dispatching Company employees to Vietnam due to travel restrictions resulting from the spread of COVID-19, equipment procurement and other delays caused by the same impact had occurred. During the second quarter, the Company decided to change the scheduled production start date to July 2023.」
The Company reiterated the previous quarter's decision to change the scheduled production start date for VREC's new plant from May 2022 to July 2023. - FY2021-Q2SoftenedAnnual report
「At the Vietnam consolidated subsidiary VREC, construction had been progressing toward the scheduled start of production in May 2022 to increase production capacity and expand the business. However, in addition to the continuing difficulty of dispatching Company employees to Vietnam due to travel restrictions resulting from the spread of COVID-19, equipment procurement and other delays caused by the same impact have occurred. The Company therefore decided to change the scheduled production start date to July 2023.」
The scheduled production start date for VREC's new plant was changed from May 2022 to July 2023. The reasons were the difficulty of dispatching employees due to travel restrictions and delays in equipment procurement and other areas. - FY2020AdvancedAnnual report
「• Construction of a new plant at the Vietnam subsidiary ¥1,278 million」
¥1,278 million was invested in the new plant at the Vietnam subsidiary during the fiscal year. The plan to increase zirconium intermediate production capacity is being implemented. - FY2019AdvancedAnnual report
「Specifically, in February 2019, construction began on a new plant at the Vietnam subsidiary to increase zirconium intermediate production capacity and expand the business.」
Construction of VREC's new plant to increase zirconium intermediate production capacity began in February 2019. - FY2018RestatedAnnual report
「Expansion of facilities for zirconium intermediates, etc. 10,000,000 — Own funds and borrowings First quarter of fiscal 2018 First quarter of fiscal 2022 Annual production: 14,000 tonnes」
The Company reiterated its plan to expand VREC's facilities for zirconium intermediates and related products, with planned investment of ¥10,000 million, completion scheduled for the first quarter of fiscal 2022, and additional annual production of 14,000 tonnes. - FY2018-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 February 2018, the Company resolved the following capital investment plan for the construction of a new plant of its consolidated subsidiary, Vietnam Rare Elements Chemical Joint Stock Company (the "VREC").」
The Board of Directors approved VREC's new plant construction plan. The investment amount is approximately ¥10,000 million, with construction scheduled to begin in March 2018 and production scheduled to start in May 2022. The plant is planned to produce zirconium oxychloride and zirconium compounds. - FY2017AdvancedAnnual report
「The Company established subsidiaries and affiliates in Vietnam and China and commenced full-scale operations at each location.」
The Company reported the start of full-scale operations at its overseas bases in Vietnam and China. The Vietnam subsidiary owns facilities for producing zirconium oxychloride. - FY2016First statedAnnual report
「Vietnam Rare Elements Chemical Joint Stock Company Ba Ria-Vung Tau Province, Socialist Republic of Vietnam Production facilities 2,146,500 1,863,240 Borrowings, own funds November 2012 June 2016 Annual production: approximately 2,000 tonnes」
The Vietnam subsidiary's production facilities were scheduled for completion in June 2016 and were designed for annual production capacity of approximately 2,000 tonnes.