What is the projected net revenue for Masan High-Tech Materials in 2023?

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Projected Net Revenue for Masan High-Tech Materials in 2023

Masan High-Tech Materials projects its net revenue for 2023 to fall within the range of VND16,500 billion to VND18,200 billion. This forecast represents an anticipated growth of 6% to 17% compared to the preceding year's financial performance.
Revenue Growth Outlook

The company anticipates this revenue increase to be driven by its strategic focus on advanced materials and sustainable practices. In the previous fiscal year, 2022, Masan High-Tech Materials achieved record revenues of VND15,550 billion, marking a 15% increase over 2021 figures, supported by strong demand and pricing for tungsten products.
Contributing Factors to Growth

The projected revenue growth for 2023 is underpinned by the company's ongoing investment in innovation and expansion of its product portfolio. This includes the development of advanced tungsten powders like 'starck2charge®' for fast-charging batteries and 'starck2print®' for 3D printing applications, particularly in the medical and pharmaceutical sectors.
Focus on Sustainability and Recycling

A significant element of Masan High-Tech Materials' strategy for 2023 involves developing a fully integrated circular economy model. This includes plans for the region's largest tungsten recycling plant in Vietnam, aiming to recover tungsten from used batteries and industrial waste to be repurposed for new product development, reinforcing the company's commitment to sustainability.

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What is the projected net revenue for Masan High-Tech Materials in 2023?

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