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News RHI Magnesita to become majority shareholder in Sormas Refrakter

RHI Magnesita to become majority shareholder in Sormas Refrakter

Written by Global Cement Staff 22 October 2021
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Turkey: Sormas Refrakter has agreed to sell 85% of its shares to RHI Magnesita for Euro38.8m. The Turkey-based refractory manufacturer has a production capacity of 60,000t/yr. The companies expect to conclude the deal in the first half of 2022

RHI Magnesita said "With an enlarged product portfolio, further potential exists from this opportunity to deliver full-line service solutions to customers in Turkey.”

Last modified on 27 October 2021
Published in Global Cement News
Tagged under
  • Türkiye
  • Refractory
  • Sormas Refrakter
  • RHI Magnesita
  • Acquisition
  • Deal
  • Product
  • Service
  • GCW529

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