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Home » News » Global News » Mayerton: Divestment of Production Facility in China as Part of Strategy

Mayerton: Divestment of Production Facility in China as Part of Strategy

Mayerton Holdings Ltd., a leading re­fractory engineering solutions provider and a high quality castable and refractories brick manufacturer, has signed a definitive agreement for the sale of its 100 % equity interest in Dalian Mayerton Refractories Co. Ltd. (DMR) to Magnesita Refratarios S.A.

DMR is a refractory brick manufacturing facility in Dalian, China (Liaoning Province). The divestment of DMR will support Mayerton’s strategy to optimise cap­acity at its remaining production facilities and focus resources on performance and service/support in addition to product diversification. The divestment does not impact Liaoning Mayerton Refractories Co. Ltd. where it retains sufficient cap­acity to manufacture in excess of its current volume of refractory bricks. Mayerton expects that the approval and consequent completion of the acquisition will occur in Q3 2013. (8/2013)


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