Magnezit Group divests German subsidiary Dalmond Feuerfest Siegburg
Magnezit Group today announced the divestment of its German subsidiary Dalmond Feuerfest Siegburg GmbH. Dalmond Feuerfest Siegburg has been taken over by INTOCAST AG situated in Ratingen effective as of the 1st January 2012. The value of the transaction was not disclosed.
Magnezit Group finishes construction of “Power Center” with capacity of 25 ÌWt
Magnezit Group is finishing construction of “Power Center” with capacity of 25 ÌWt on the basis of Satka production site (town Satka, Chelyabinsk region). Total investments into the project are about 700 million rubles. Commissioning of “Power Center” will take place this spring.
Magnezit Group acquires Panteleymonovka Refractory Plant
Magnezit Group has acquired Panteleymonovka Refractory Plant (settlement Panteleymonovka, town Gorlovka), one of the biggest enterprises in Ukraine for production of magnesia refractories.