Hi­tachi de­vel­ops ma­chin­ery to re­cy­cle rare earths

The Pak Banker - - Company& -

TOKYO: Hi­tachi Ltd. said it de­vel­oped ma­chin­ery to har­vest rare earth met­als from dis­carded hard-disk drives and com­pres­sors as elec­tron­ics mak­ers seek to re­duce their re­liance on Chi­nese sup­ply.

The ma­chine can ex­tract 100 rare earth mag­nets from hard disk drives per hour, about eight times faster than man­ual la­bor, Tokyo-based Hi­tachi said in a state­ment to­day. The com­pany plans to get 10 per­cent of its rare-earth needs through re­cy­cling when the busi­ness be­gins op­er­at­ing in fis­cal 2013, ac­cord­ing to spokes­woman Sa­toko Ya­sunaga.

Ja­panese elec­tron­ics mak­ers plan to cut their de­pen­dence on sup­ply from China, which pro­duces 97 per­cent of the world's sup­ply of the ma­te­ri­als also used in elec­tric-car bat­ter­ies, wind tur­bines and mis­siles. China's rare-earth ex­ports fell 77 per­cent in Oc­to­ber from a month ear­lier as the govern­ment cut quo­tas for the sec­ond half.

Hi­tachi rose 0.7 per­cent to 413 yen as of 11 a.m. on the Tokyo Stock ex­change. Shares of the in­dus­trial group, Ja­pan's third biggest com­pany by rev­enue, have gained 45 per­cent this year, while the bench­mark Nikkei 225 Stock Av­er­age de­clined 3.8 per­cent.

Rare earths re­fer to a group of 17 metal el­e­ments, in­clud­ing lan­thanum, cerium and neodymium, used in man­u­fac­tur­ing Boe­ing Co. heli­copter blades, Raytheon Co. mis­siles, Toy­ota Mo­tor Corp. hy­brids and Hi­tachi's disk drives and air con­di­tion­ers. Ja­pan is the world's biggest user of the met­als. More­over, Hi­tachi Data Sys­tems will lever­age Fron­tier Busi­ness Sys­tems In­te­gra­tion skills and do­main knowl­edge of Vir­tu­al­iza­tion to strengthen its pres­ence in the South & West re­gions.

Hi­tachi Data Sys­tems Cor­po­ra­tion, a wholly owned sub­sidiary of Hi­tachi, Ltd has an­nounced a strate­gic part­ner­ship with Fron­tier Busi­ness Sys­tems, a com­pre­hen­sive IT in­fra­struc­ture and so­lu­tion provider. Stor­age Vir­tu­al­iza­tion leader, Hi­tachi Data Sys­tems will lever­age Fron­tier Busi­ness Sys­tems In­te­gra­tion skills and do­main knowl­edge of Vir­tu­al­iza­tion to strengthen its pres­ence in the South & West re­gions.

Com­ment­ing on this part­ner­ship, Vivekanand Venu­gopal, Vice Pres­i­dent & Gen­eral Man­ager, In­dia, Hi­tachi Data Sys­tems said, "We are ex­cited with this al­liance as Fron­tier Busi­ness Sys­tems will pro­vide our cus­tomers do­main ex­per­tise cou­pled with cer­ti­fied in­dus­try ex­pe­ri­ence, help­ing us tap deeper into the South and West mar­kets. With Vir­tu­al­iza­tion as one of the key stor­age re­quire­ments of CIOs, cus­tomers are look­ing at work­ing with part­ners who can take care of end-to-end data stor­age re­quire­ments de­liv­er­ing state of the art so­lu­tions to them." -Bloomberg

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