Imerys : enlarges its specialty offering in high-purity zirconia with the acquisition of a leading producer in China
June 29, 2017 at 11:59 am EDT
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PRESS RELEASE
PARIS, JUNE 29, 2017
Imerys enlarges its specialty offering in high-purity zirconia with the acquisition of a leading producer in China
Imerys has signed an agreement to buy Zhejiang Zr-Valley Science & Technology Co, a leading producer of zirconium oxychloride and high-purity zirconia in China. This company operates a research center and a manufacturing plant with a revenue of ca. CNY220 million (€29 million) and 460 employees.
Following this deal, Imerys, which is the world leader in fused zirconia, will extend its range of technologies and processes, and enlarge its zirconia specialty offering, in particular to new products based on high-purity zirconia for advanced ceramics (3D-pigments, electronics,…).
The closing of this transaction is expected during the third quarter of 2017. This business will be consolidated in the Fused Minerals division, which is part of the High Resistance Minerals business group.
The world leader in mineral-based specialty solutions for industry, with €4.2 billion revenue and close to 16,000 employees, Imerys delivers high value-added, functional solutions to a great number of sectors, from processing industries to consumer goods. The Group draws on its knowledge of applications, technological expertise and its material science know-how to deliver resources based on beneficiation of its mineral resources, synthetic minerals and formulations. These contribute essential properties to customers' products and performance, including refractoriness, hardness, conductivity, opacity, durability, purity, lightness, filtration, absorption and repellency. Imerys is determined to develop responsibly, in particular by fostering the emergence of environmentally-friendly products and processes.
More comprehensive information about Imerys may be obtained from its website (www.imerys.com) under Regulated Information, particularly in its Registration Document filed with Autorité des marchés financiers on March 21, 2017 under number D.17-0190 (also available from the Autorité des marchés financiers website, www.amf-france.org). Imerys draws the attention of investors to chapter 4, "Risk Factors and Internal Control", of its Registration Document.
Analyst / Investor Relations:
Press contacts:
Vincent Gouley - +33 (0)1 4955 6469
finance@imerys.com
Vincent Gouley - +33 (0)1 4955 6469
Philémon Tassel - +33 (0)6 3010 9611
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Imerys SA published this content on 29 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 June 2017 15:58:36 UTC.
Original documenthttp://www.imerys.com/scopi/group/imeryscom/imeryscom.nsf/pagesref/REBA-ANSLCA/$File/Imerys_CP_Zheijiang_VA_29062017.pdf
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As a world leader in mineral specialties for the industry, Imerys offers high-added-value business solutions for a wide range of sectors, from process industries to consumer goods or construction products. The group actively mobilizes its knowledge of applications, technological expertise and materials science know how to provide high-end solutions that value its mineral resources, develop formulations or produce synthetic minerals. All these actions bring about essential properties to its customers' products and their performance such as refractoriness, toughness, conductivity, opacity, durability, purity, lightness, filtration, absorption, or hydrophobicity. Imerys is strongly committed to responsible developmentin particular, to contribute to the development of environmentally friendly products and processes. The activity is organized around 2 areas:
- Performance Minerals: the segment brings together three geographical business areas - Europe, Middle East and Africa (EMEA), America and Asia/Pacific (APAC). This segment encompasses functional additives that give unique properties to the products they compose. It serves the plastics, rubber, paint and coatings, filtration, ceramic materials, renewable energy, paper and cardboard, food, health and cosmetic industries;
- Materials and High Temperature Solutions: the segment, managed globally, brings together two business areas - High Temperature Solutions and Refractories, Abrasives & Construction. This segment facilitates production processes involving high temperatures. It serves the refractory, foundry, metals, abrasives and building chemicals markets.
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