Welcome to Refwin.com Sign In Join Free Home Inquiry Contact Mobile Publications Free E-Weekly News
  • Directory
  • Price
  • Market
  • Buy
  • News
  • Calendar
  • Dictionary
Company News Industry News Refwin in the News Home > News

Turkey's Erdemir acquires Kümaş Manyezit

2021-01-06

Jan. 6, 2021 – Turkish integrated steelmaker OYAK Mining and Metallurgy Group has announced that its subsidiary Erdemir has acquired Turkey-based magnesia refractory material producer Kümaş Manyezit, signing a purchase agreement worth $340 million with the latter’s shareholders Yıldız Holding and Gözde Girişim.


“By acquiring this asset, which is important for our country and national resources, we have brought our country to a strategic position in this field with the asset’s rich reserve and raw material advantage, creating opportunities in terms of raw material supply for our domestic industrialists and export potential,” said Suleyman Savas Erdem, General Manager of OYAK and Chairman of the Board of Erdemir.


With its three pants in Kutahya in Turkey, Kümaş meets the need of magnesia refractory material of Turkish steelmakers. The company managed to increase its total sales volume by 14 percent in 2020 compared to the previous year and it exports to more than 50 countries with an annual ore processing capacity of approximately 1.2 million tonnes.

About Us Site Map Service Our Partners Links Inquiry Contact Privacy Statement Versions Record

Sponsored by: ACRI (The Association of China Refractories Industry), Tangshan YinNaiLian E-Business Co., Ltd.

Copyright © 2005-2020 Refractories Window All Rights Reserved

Tel: +86-315-5918500 Fax: +86-315-5918828 Email: info@refwin.com

ICP经营许可证编号: 冀B2-20060049 ICP备案号: 冀ICP备11009155号-2

冀公网安备 13024002000198号 营业执照