Interfax reported that Magnezit Group plans to invest RUB 1.9 billion in expanding capacity to produce fused magnesia, an intermediary product in production of refractories, at the Kirgiteiskoye and Talskoye deposits in Krasnoyarsk Territory in Siberia The project involves overhauling existing and building new facilities to mine magnesite at these deposits and modernizing production of refractory materials in order to cover the shortage of fused magnesia production. Magnezit Group said “Magnezit Group’s existing capacity and the quality of magnesite raw material used for fusing make it possible to produce about 40,000 tonnes of fused magnesia per year. This project is being implemented to increase the amount of magnesite melting to 50,000 tonnes per year.” Magnezit is currently covering the supply shortage with imports of fused magnesia powder from China. But in order to ensure stable development and maintain its resource security, as well as strengthen its position on the market for refractory products, the company needs to modernize its own production facilities. Set up in 1901, Chelyabinsk Region based Magnezit manufactures refractory materials, the raw material for which is fused magnesia. The Kirgiteiskoye and Talskoye deposits are located, respectively, in the Nizhny Priangarye and Motyginsky districts of Krasnoyarsk Territory and Magnezit has been developing them for years. Their development began as part of the creation of the Angara-Yenisei cluster in this Siberian region. Magnezit Group is an integrated company that operates a full production-distribution cycle for fireproof products. The group includes production facilities that make fused magnesia, powders and other products, and testing, analytical and trading units. The group closed 2021 with a net profit of RUB 1 billion on revenue of RUB 22.4 billion.
Interfax reported that Magnezit Group plans to invest RUB 1.9 billion in expanding capacity to produce fused magnesia, an intermediary product in production of refractories, at the Kirgiteiskoye and Talskoye deposits in Krasnoyarsk Territory in Siberia The project involves overhauling existing and building new facilities to mine magnesite at these deposits and modernizing production of refractory materials in order to cover the shortage of fused magnesia production. Magnezit Group said “Magnezit Group’s existing capacity and the quality of magnesite raw material used for fusing make it possible to produce about 40,000 tonnes of fused magnesia per year. This project is being implemented to increase the amount of magnesite melting to 50,000 tonnes per year.” Magnezit is currently covering the supply shortage with imports of fused magnesia powder from China. But in order to ensure stable development and maintain its resource security, as well as strengthen its position on the market for refractory products, the company needs to modernize its own production facilities. Set up in 1901, Chelyabinsk Region based Magnezit manufactures refractory materials, the raw material for which is fused magnesia. The Kirgiteiskoye and Talskoye deposits are located, respectively, in the Nizhny Priangarye and Motyginsky districts of Krasnoyarsk Territory and Magnezit has been developing them for years. Their development began as part of the creation of the Angara-Yenisei cluster in this Siberian region. Magnezit Group is an integrated company that operates a full production-distribution cycle for fireproof products. The group includes production facilities that make fused magnesia, powders and other products, and testing, analytical and trading units. The group closed 2021 with a net profit of RUB 1 billion on revenue of RUB 22.4 billion.
