Brazil: Magnesita’s revenue from its Industrial Refractory Solutions division rose by 3.3% year-on-year to US$144m in 2016 from US$140m in 2015. Its sales volumes grew by 10.2% to 147,000t from 133,000t. It attributed the gains to good performance in the Middle East, Africa and the Commonwealth of Independent States (CIS) region despite a declining cement industry in Brazil. Despite its success in its Industrial Refractory Solutions division the group reported falling overall refractory volumes and revenue in 2016 caused by decreases in steel production in South America and Europe. The company remains committed to merge with RHI by the end of 2017.
Magnesita grows industrial refractory sales in 2016
Register for the 1st Global CemProcess Conference & Exhibition
24 - 25 April 2017, London, UK
Process optimisation in cement manufacture
The first-ever Global CemProcess Conference on process optimisation in the cement industry will take place in London in 24 - 25 April 2017 at the Hallam Conference Centre in the heart of London, and will Include a confirmed visit to Hanson Cement's Ketton cement plant on 26 April to see industry-best-practice case studies in action.