RHI acquires Norwegian minerals producer

Published 11th May, 2011 by Greg Morris

Refractory manufacturer RHI has signed a contract to acquire SMA Mineral Magnesia, a producer of seawater-based magnesium hydroxide, for NOK 100 million (approximately
€13 million). The purchase involves some conditions that must be met prior to closing on or before 31st August 2011.

RHI will subsequently invest up to €70 million in a fusing plant at the site of SMA Mineral Magnesia. Beginning from the summer of 2012, it will produce up to 80,000 tonnes of high-grade fused magnesia annually in Norway.

A company statement said: ‘With this project, RHI is making an important step towards the execution of its raw material strategy.’

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.