RHI Magnesita to become majority shareholder in Sormas Refrakter

Written by Global Cement Staff 22 October 2021

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

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