RHI Magnesita has announced the acquisition of a majority shareholding in Jinan New Emei Industries, a leading producer of refractories in China. The acquisition will enable RHI Magnesita to expand its product range in steel flow control refractories and its solutions contract offering in the Chinese domestic market, both of which are key strategic priorities. The acquisition will also give access to substantial new customer relationships in China and deliver additional production capacities for increasing supply of refractories in both China and the wider East Asia region.Jinan New Emei is a leading producer of refractory slide gate plates and systems, nozzles and mixes for use in steel flow control, employing over 1,300 people and headquartered in Shandong province, China. A state-of-the-art, fully automated new plant with an annual production capacity of up to 80,000 tonnes has recently been commissioned at Laiwu in Shandong province, thus marking a main asset of the acquisition. RHI Magnesita expects substantial synergy realization opportunities from the combination of Jinan New Emei with RHI Magnesita’s existing refractory business in China.RHI Magnesita will initially acquire a majority shareholding in Jinan New Emei. The acquisition is subject to competition authority clearance.
RHI Magnesita has announced the acquisition of a majority shareholding in Jinan New Emei Industries, a leading producer of refractories in China. The acquisition will enable RHI Magnesita to expand its product range in steel flow control refractories and its solutions contract offering in the Chinese domestic market, both of which are key strategic priorities. The acquisition will also give access to substantial new customer relationships in China and deliver additional production capacities for increasing supply of refractories in both China and the wider East Asia region.Jinan New Emei is a leading producer of refractory slide gate plates and systems, nozzles and mixes for use in steel flow control, employing over 1,300 people and headquartered in Shandong province, China. A state-of-the-art, fully automated new plant with an annual production capacity of up to 80,000 tonnes has recently been commissioned at Laiwu in Shandong province, thus marking a main asset of the acquisition. RHI Magnesita expects substantial synergy realization opportunities from the combination of Jinan New Emei with RHI Magnesita’s existing refractory business in China.RHI Magnesita will initially acquire a majority shareholding in Jinan New Emei. The acquisition is subject to competition authority clearance.
