Imerys : expands in refractories solutions in India
January 20, 2020 at 10:47 am EST
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Imerys has reached a final agreement for the acquisition of the leading Indian producer of calcium silicate boards used for thermal insulation projects for industries such as cement, metallurgical, oil refinery, petro-chemical and power plants.
This business has generated a revenue of EUR5 million in 2019 and employs 50 people.
With this deal, Imerys, World #1 in high-performance calcium aluminate-based binders, alumino-silicate minerals, and alumina based monolithics for refractories, is extending its solutions offering in the attractive fast growing Indian market.
This business will be consolidated in the High Temperature Solutions business area (Calderys).
The world leader in mineral-based specialty solutions for industry, with EUR4.6 billion revenue and 18,000 employees, Imerys delivers high value-added, functional solutions to diversified set of industrial sectors, from processing industries to consumer goods. The Group draws on its knowledge of applications, technological expertise and its material science know-how to deliver solutions based on beneficiation of its mineral resources, synthetic minerals and formulations. These contribute essential properties to customers' products and performance, including refractoriness, hardness, conductivity, opacity, durability, purity, lightness, filtration, absorption and repellency. Imerys is determined to develop responsibly, in particular by fostering the emergence of environmentally-friendly products and processes.
More comprehensive information about Imerys may be obtained from its website (www.imerys.com) under Regulated Information, particularly in its Registration Document filed with Autorite des marches financiers on March 20, 2019 under number D.19-0175 (also available from the Autorite des marches financiers website, www.amf-france.org). Imerys draws the attention of investors to chapter 4, 'Risk Factors and Internal Control' of its Registration Document.
Disclaimer
This document contains projections and other forward-looking statements. Investors are cautioned that such projections and forward-looking statements are subject to various risks and uncertainties (many of which are difficult to predict and generally beyond the control of Imerys) that could cause actual results and developments to differ materially from those expressed or implied.
As a world leader in mineral specialties for the industry, Imerys offers high-added-value business solutions for a wide range of sectors, from process industries to consumer goods or construction products. The group actively mobilizes its knowledge of applications, technological expertise and materials science know how to provide high-end solutions that value its mineral resources, develop formulations or produce synthetic minerals. All these actions bring about essential properties to its customers' products and their performance such as refractoriness, toughness, conductivity, opacity, durability, purity, lightness, filtration, absorption, or hydrophobicity. Imerys is strongly committed to responsible developmentin particular, to contribute to the development of environmentally friendly products and processes. The activity is organized around 2 areas:
- Performance Minerals: the segment brings together three geographical business areas - Europe, Middle East and Africa (EMEA), America and Asia/Pacific (APAC). This segment encompasses functional additives that give unique properties to the products they compose. It serves the plastics, rubber, paint and coatings, filtration, ceramic materials, renewable energy, paper and cardboard, food, health and cosmetic industries;
- Materials and High Temperature Solutions: the segment, managed globally, brings together two business areas - High Temperature Solutions and Refractories, Abrasives & Construction. This segment facilitates production processes involving high temperatures. It serves the refractory, foundry, metals, abrasives and building chemicals markets.
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