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RHI Magnesita acquires 65% stake in Jinan New Emei for €40M · Endata

◂ Announcements

Jan 13, 2023ACQUISITIONLaiwu, Shandong province, China

RHI Magnesita acquires 65% stake in Jinan New Emei for €40M

RHI Magnesita agreed to acquire a 65% shareholding in Jinan New Emei Industries, a Chinese producer of refractory slide gate plates and systems, for ¥293 million (€40 million), with a commitment to acquire the remaining 35% in 2026.

Value

$44.0M (40.0M EUR)

Status

Announced

Capacity

80 ktpa

Productsrefractory slide gate platesnozzlesmixes for steel flow control

CompaniesRHI Magnesita acquirer Jinan New Emei Industries target SÖRMAS target Dalmia OCL target Hi-Tech target

Sectors#Steel and Metal Products

“The Acquisition will enable the Group to expand its product range in steel flow control refractories and its solutions contract offering in the Chinese domestic market.”investegate.co.uk

2 sources
investegate.co.ukInvestegate | Company AnnouncementInvestegateJan 13, 2023
worldcement.comRHI Magnesita 2022 Full Year Results: Strong revenue growth and market share gains | World CementDavid BizleyFeb 27, 2023

Summarized from public sources; check the original articles before acting on it.

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