Erdemir Interested in Kumas Magnesite
Kumaş Manyezit Sanayi AS through its Eregli Demir ve Celik Fabrikaları TAS. Erdemir will carry out extensive due diligence studies before the acquisition of
Kumaş Manyezit, which has been operating in Kutahya since 1972 and joined Yıldız Holding in 2012, and will make a proposal after financial, legal and operational processes.
Operating in partnership with Yıldız Holding and its venture capital company Gözde Girişim, Kumaş owns approximately 20 percent of the world's cryptocrystalline magnesite ore. Kumaş, which produces refractory products mainly used in the iron, steel and cement sectors