Elkem has acquired the iron foundry business of the Indian Company Minex Metallurgical Co. Ltd, a leading provider of speciality alloys.
Based in Norway, Elkem AS is one of the world’s leading companies for environmentally responsible production of materials. Its principal products are silicon, silicones, ferrosilicon, foundry alloys, carbon materials and microsilica.
Elkem AS is the global leader in metal treatment solutions to the cast iron industry and a supplier of high quality special ferrosilicon to the steel industry. This acquisition will strengthen Elkem’s strategic position building upon the existing competence, manufacturing high quality and consistent products, strong technical customer service, technology and R&D.
“We have been present in India for the last 3 decades and getting a manufacturing footprint allows us to leverage our strengths of quality products and technical service with local production. This acquisition is a commitment from Elkem to India’s iron foundries and we will continue to offer technical services to help our customers improve their products and processes, enabling them to be more competitive.” said Roland Hennigfeld, Global Sales and Marketing Director in Elkem.
Elkem AS will acquire direct control of Minex Metallurgical Co. Ltd’s iron foundry alloy business including the Hingna plant, its sales and marketing organization, its distribution network across India as well as the R&D Facility at Hingna. This acquisition does not include the Minex cored wire business.