November 22, 2008

Umicore to spend USD 10 million on India zinc firm

Belgian metals and specialty materials maker Umicore has announced that it will spend USD 10 million to buy and make investments in Anandeya Zinc Oxides Private Limited in India.

Umicore, in a press statement, said that "The transaction is subject to certain standard closing conditions and is expected to be completed by early August 2008."