Russia: Magnezit gets large Mitsui order

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.…

Russia: Magnezit profits in 2016

In 2016 Magnezit (refractories manufacturer from Chelyabinsk region) received 37.87 million rubles of net profits, as opposed to 115 million rubles of losses in 2015. The company revenue in 2016 increased by 2%, to 6.29 billion rubles. Sales profits increased by 36%, to 464 million rubles. (Ukrainian metal)