South Africa: Magotteaux International has become a strategic equity partner in Grinding Media South Africa (GMSA). The decision follows an agreement between the Industrial Development Corporation (IDC) and Magotteaux on extending their partnership in GMSA. GMSA, a newly created company spun out of industrial group Scaw Metals, specialises in the manufacturing and design of grinding balls for use in the mining, cement and utilities industries.
The partnership will also enhance the technical and financial capacity of the business as well as provide access to new growth markets. As part of this partnership, Magotteaux will assume the operational management of GMSA upon conclusion of the agreement.
“Magotteaux has been collaborating closely with Scaw High Chromium grinding media for more than 30 years”, said Sébastien Dossogne, chief executive officer (CEO) of Magotteaux.