Canada - 5N Plus Expands Asian Activities

MONTREAL, Nov. 7, 2011 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), a leading producer of specialty metal and chemical products announced today that it has reached an agreement to acquire the remaining 40 percent ownership interest in the joint venture company Lao Industrial Resources Co Ltd., that focuses on metal refining. 

5N Plus also announced that it will be setting up a gallium chemicals plant in Korea in conjunction with Hong Kong based Golden Harvest, a leading producer of primary gallium. 5N Plus and Golden Harvest have been joint venture partners in a gallium refining facility located in Shenzhen, China since 2009. The new Korean facility will produce gallium chemicals for the growing LED market and is expected to be operational by mid-2012.

5N Plus President and Chief Executive Officer Jacques L'Ecuyer said, "Expansion of our activities in Asia is part of our growth strategy as we expect to see increasing demand for our products in this part of the world. Our Laos and new Korean facilities will be instrumental in allowing us to leverage this demand and the corresponding business opportunities."

About 5N Plus Inc.

5N Plus is the leading producer of specialty metal and chemical products. Fully integrated with closed-loop recycling facilities, the company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, North America and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers. Many of these are critical precursors and key enablers in markets such as solar, light-emitting diodes and eco-friendly materials.

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