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News Magnesita grows industrial refractory sales in 2016

Magnesita grows industrial refractory sales in 2016

Written by Global Cement staff 17 March 2017
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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.

Last modified on 22 March 2017
Published in Global Cement News
Tagged under
  • Brazil
  • Magnesita
  • Results
  • RHI
  • RHI Magnesita
  • GCW294

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