JSC NAC Kazatomprom and Japanese Toshiba Corporation have signed an agreement to establish joint venture in the field of rare metals

/IRBIS, June 3, 2010/ - JSC National Atomic Company Kazatomprom and Japanese Toshiba Corporation have signed an agreement to establish joint venture in the field of rare metals, according to today's press-service of JSC Kazatomprom. "Between JSC NAC Kazatomprom and Japanese Toshiba Corporation have signed an agreement which establishing a joint venture for research and development, production, manufacture and marketing of rare metals and rare- earth products and materials", - stated in the message. As indicated, the document has been signed by Mr. Vladimir Shkolnik Chairman of the Board of JSC Kazatomprom and Mr. Yasuharu Igarashi, Senior Vice President, President and CEO of the Company's power systems (Power Systems Company) at Toshiba Corporation. Within 2 years, created joint venture proposed an integrated feasibility study is expected to recover and deep processing of rare metals, as well as cost effectiveness and feasibility of establishing a new high-tech and knowledge- intensive industries on the basis of rare metals on the territory of the Republic of Kazakhstan. "The establishment of this joint venture is the implementation of the instructions of Mr. President Nursultan Nazarbayev on the basis of his state visit to Japan in June 2008 and the agreements reached on the creation of high-tech industries based on rare-earth metals," - stated in the message. It is noted that according to experts, Japan produces more than 50% of global high-tech products on the basis of rare metals. Toshiba Corporation - the world leader and innovator in introducing high technology, diversified manufacturer of products, market participant advanced electronic and electrical products, including information and communications equipment and systems, digital consumer products, electronic devices and components, power systems, including those related to nuclear Energy, industrial systems and social infrastructure; appliances. Toshiba was founded in 1875, and today is represented by a global network of more than 740 companies. Number of employees in worldwide approximately are 199,000. [2010-06-03]