TANAKA and MEP to Establish “TANAKA MEP REFINERY SDN. BHD.” a Precious Metal Refining Joint Venture in Malaysia
Promoting the Circular Use of Precious Metals in the ASEAN Region
TOKYO, Oct 21, 2026 – (JCN Newswire) – TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. (Head Office: Chuo-ku, Tokyo; CEO: Koichiro Tanaka), a business participated in the commercial rare-earth elements company of TANAKA, revealed that it will develop TANAKA MEP REFINERY SDN. BHD., a joint endeavor business that will take part in rare-earth element recycling and refining, with Malaysia-based resource healing business MEP Enviro Technology Sdn. Bhd. (MEP).
The brand-new business will be developed in Batu Kawan Industrial Park in Penang, Malaysia, with TANAKA’s holding a 66.7% stake and MEP holding a 33.3% stake. Its organization activities will consist of the analysis of retrieved products, rare-earth element refining to a pureness of 4N (99.99%), and the manufacture, import, export, and sale of rare-earth element items. The center is arranged to start operations in April 2029.
On October 8, 2026, a groundbreaking event for the building and construction of the brand-new center was held at the organized building and construction website. In addition to agents from TANAKA and MEP, the event was gone to by recognized visitors consisting of Tun Dato’ Seri Utama Haji Ramli bin Ngah Talib, Governor of Penang; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Shinya Machida, Consul-General of Japan in Penang, and other state federal government authorities.
Company of TANAKA MEP REFINERY SDN. BHD.
With a concentration of semiconductor, electronic part, and other production markets in Malaysia and throughout the ASEAN area, need is growing for the healing and recycling of valuable metal-containing scrap created throughout producing procedures. At the very same time, in the middle of progressively strict ecological policies and a growing concentrate on circular resource usage, waste such as end-of-life electronic devices (e-waste) is anticipated to be effectively processed and recycled within the nations and areas where it is produced. International business are likewise pursuing efforts to support a circular economy, additional increasing the value of recuperating and recycling resources including rare-earth elements.
TANAKA and MEP participated in a technical help arrangement for rare-earth element healing in August 2024 and have actually considering that collaborated to advance rare-earth element recycling in Malaysia. TANAKA MEP REFINERY SDN. BHD. will get retrieved products preprocessed by MEP and perform rare-earth element analysis and refining; manufacture, import, export, and offer rare-earth element items; and trade, lease, and shop rare-earth element bullion. In the preliminary phase of operations, the business prepares to produce gold with a pureness of 4N (99.99%) and potassium gold cyanide (PGC) for the electrical and electronic devices (E&E) and semiconductor markets.
By integrating TANAKA’s enduring competence in rare-earth element refining and processing with its knowledge in quality assurance, production management, and other locations, the business will develop an incorporated structure for rare-earth element recycling within Malaysia.
To make reliable usage of limited rare-earth element resources and add to a circular economy and steady rare-earth element procurement, TANAKA has actually been establishing an international rare-earth element recycling network, with healing and refining centers in Japan, Europe, North America, China, Taiwan, and other areas. The facility of the brand-new business in Malaysia will even more reinforce TANAKA’s rare-earth element recycling operations in the ASEAN area.
Introduction of the New Company
Business Name: TANAKA MEP REFINERY SDN. BHD.
Place: Batu Kawan Industrial Park, Penang, Malaysia
Shareholding: TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. 66.7%; MEP Enviro Technology Sdn. Bhd. 33.3%
Organization Activities: Analysis of retrieved products; rare-earth element refining; manufacture, import, export, and sale of rare-earth element items; trading and leasing of rare-earth element bullion, to name a few activities
Start of Facility Operations: Set up for April 2029
Image from the Groundbreaking Ceremony
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About MEP Enviro Technology Sdn. Bhd.
Business Name: MEP Enviro Technology Sdn. Bhd. (MEPSB)
Established: 2005
Agent: Sean Ong
Sales: RM243.5 million (combined, ended December 2025) *
Staff members: 580 (group overall; 450 in Malaysia)
Places: Malaysia (4 centers), Thailand, Vietnam, the Philippines, Singapore, and Hong Kong
Site: https://www.mepsb.com
* Approximately 9,400 million yen, determined at a currency exchange rate of 1 Malaysian ringgit=38.6 yen.
About TANAKA
Considering that its structure in 1885, TANAKA has actually developed a portfolio of items to support a varied series of company utilizes concentrated on rare-earth elements. TANAKA is a leader in Japan relating to the volume of rare-earth elements it deals with. Over several years, TANAKA has actually produced and offered rare-earth element items for market and supplied rare-earth elements in such kinds as precious jewelry and possessions. As rare-earth elements professionals, all Group business in Japan and around the world work together on production, sales, and innovation advancement to use a complete variety of product or services.
With 5,778 staff members, the group’s combined net sales for the ended December 2025 were 1,097,813 million yen.
TANAKA Industrial Precious Metal Materials Portal
https://tanaka-preciousmetals.com
Item questions
TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/
Press queries
TANAKA PRECIOUS METAL GROUP Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/
News release: https://www.acnnewswire.com/docs/files/20261021_EN.pdf
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