The Magnezit Group, the largest manufacturer of refractory materials in Russia, has signed a memorandum of cooperation with Mitsui Bussan Metals Co Ltd (Japan) on the delivery of 4 thousand tons of refractories by 2020.

In particular, the companies intend to conclude a long-term contract for the delivery of 4 thousand tons of fused magnesia.

The payment will be made in 2018.

“The cooperation with a leader of Japanese industry will allow us increasing capacities of fused magnesia manufacture, while the Japanese corporation will get a long-term partner in deliveries of a high-quality product”, Magnezit CEO Sergey Odegov said. (Ukrainian metal)

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