METI supply assurance plan 2024永久磁石第1号-1 (Shin-Etsu Chemical, magnet capacity expansion)

METI-approved supply assurance plan for permanent magnets, certification number 2024永久磁石第1号-1, approved April 9, 2024 under the Economic Security Promotion Act, naming Shin-Etsu Chemical and its Southeast Asian magnet subsidiaries (Thailand, Philippines, Vietnam), with the goal of expanding permanent magnet manufacturing equipment capacity and a maximum subsidy of about 13 billion yen (約130億円). The event is typed definitive-agreement rather than obligated: plan certification fixes the approved plan and subsidy ceiling, but funds are obligated through subsequent grant procedures. The later 2025永久磁石第1号-1 recycling plan (approved April 30, 2025, max about 3.7 billion yen) is recorded as a separate claim in this record.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.