Toyota group company to invest in rare earths plant in India

摘要

Toyota Tsusho Corporation and the company's local subsidiary in India, Toyotsu Rare Earths Orissa P. Ltd. (TREO), are promoting a plan to construct a manufacturing plant for processing rare earth oxides in Orissa, with the cooperation of Indian Rare Earths Ltd. (IRE) and Shin-Etsu Chemical Co., Ltd. The interest of the Japanese companies in the project stems from its desire to secure a stable supply of this critical material, markets for which have become almost entirely reliant on China as a supplier.