冨士ダイス developed the new material “SUSTELLOY STN30,” a niobium-based hard sintered material, reducing tungsten and cobalt use by approximately 90%. The product was commercialized in Japan for the first time, earning the company the Minister of Economy, Trade and Industry Award at the 42nd Forming Industries Technology Awards. Its share price also surged to finish trading.
冨士ダイス developed “SUSTELLOY STN30,” a niobium-based hard sintered material, and was recognized for combining wear resistance comparable to cemented carbide with machinability. The material's first commercialization in Japan was cited as the reason for the award. Its features are said to include maintaining wear resistance while reducing the use of conventional tungsten and cobalt by approximately 90%.
The award ceremony was held on 6 November at the Japan Machinery Federation Hall, where the company's general manager of Materials Development explained the objectives and features of the new material. The award-winning technology is scheduled to be exhibited from 10 November to 27 November in the lobby on the first floor of the Ministry of Economy, Trade and Industry's main building. The company also outlined its future development policy of reducing dependence on scarce resources.
“SUSTELLOY STN30” was recognized for significantly reducing tungsten and cobalt use while maintaining machinability and wear resistance at levels equivalent to cemented carbide. It also achieves weight reduction and improved corrosion resistance, and is compatible with electrical-discharge machining. The company plans to expand its range of resource-conserving materials.
In trading on 10 November, the stock briefly surged to the ¥9xx range during the afternoon session. It closed at ¥994, up ¥46 from the previous day, on trading volume of approximately 71,200 shares. At the time of news distribution, the information was reportedly provided by Japan Interview Newspaper Co., Ltd., Equity Investment Information Editorial Department.