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France-based Imerys, through its subsidiary Calderys Indian Refractories, acquired calcium silicate producer Hysil from CK Birla Group for EUR 10.1 million. The acquisition aims to secure lower raw material prices for high-temperature insulation used in the cement sector.
“The expansion to Imerys’ Indian operations is aimed at securing lower prices for raw materials for use in high temperature insulation in various industries, especially the cement sector.”globalcement.com
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