The year 2011 has seen the talc industry getting back on the way to recovery, driven by Asian growth.
In China, raw material availability and low prices have been the cornerstones in developing the talc industry for the last 30 years, although these benefits are now weakening.
On a global scale, the corporate landscape has been undergoing significant change with the sale of the two leading talc players Luzenac Group and Mondo Minerals BV, which account for some 36% of the market.
Mondo Minerals sale
At the end of October, private equity group Advent International Corp. finalised the acquisition of the world’s second largest talc producer Mondo Minerals from HgCapital.
HgCapital, which had acquired Finland’s Mondo Minerals...