# 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.

- Type: Acquisition
- Announced: 2023-01-13
- Where: Laiwu, Shandong province, China
- Value: $44.0M (40.0M EUR)
- Status: announced
- Capacity: 80 ktpa
- Products: refractory slide gate plates, nozzles, mixes for steel flow control
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [RHI Magnesita](https://endata.com/companies/17934.md) (acquirer)
- [Jinan New Emei Industries](https://endata.com/companies/67852.md) (target)
- [SÖRMAS](https://endata.com/companies/68812.md) (target)
- [Dalmia OCL](https://endata.com/companies/68813.md) (target)
- [Hi-Tech](https://endata.com/companies/68814.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/rhi-magnesita-n-v-di---rhim/acquisition-of-jinan-new-emei/7399312), 2023-01-13: "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."
- [worldcement.com](https://www.worldcement.com/europe-cis/27022023/rhi-magnesita-2022-full-year-results-strong-revenue-growth-and-market-share-gains/), 2023-02-27: "I am pleased to report growing progress on our M&A strategy with acquisitions in India, China, Türkiye and Europe agreed or completed during the year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.