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Magma Ceramics & Catalysts Plans Vietnamese Venture
Following a successful period of growth during 2012, Magma Ceramics & Catalysts/GB announced the acquisition and imminent development of an additional manufacturing facility in Vietnam, which will support the ceramics division of the business.
Magma’s Vietnamese operation, Magma Ceramics & Catalysts (Vietnam), is 100 % owned by the parent company, Jemmtec Limited/GB. The business will operate under ISO 9001, ISO 14001 and OHSAS 18001 standards and will initially invest in refractory ceramic production to support the industries currently served by Magma Ceramics in GB, including glass, alloy and steel. After visiting several locations in the north of the country, Magma has secured a 6000 m² facility, ideally situated between Hanoi and North Vietnams main international sea port, Haiphong, on a purpose built industrial estate which already serves a wide range of international manufacturers. Building modifications commenced in february, closely followed by the installation of equipment with commercial production expected to commence 2013. Magma Ceramics & Catalysts originally began trading from its GB base in February 2010, following the management buyout of the former Dyson Group businesses, Dyson Precision Ceramics and Dytech. The following 3 years have seen Magma go from strength to strength and enjoy continuing success. 2012 proved to be a particularly successful year with the acquisition of a new catalyst manufacturing plant in Brazil, which entered trial production in December 2012 and commenced the manufacture of a range of catalyst products for customers operating in the petrochemical and natural gas markets earlier this month, and the development of a new building to facilitate an increase in manufacturing capacity at its head office in GB. (1/2013)
