Morgan Crucible expands graphite assets for lithium-ion markets

By Alex Feytis
Published: Tuesday, 18 January 2011

UK refractories producer acquires leading Chinese graphite supplier Hairong

Morgan Crucible Company Plc has acquired Chinese graphite products manufacturer Hairong New Materials Co. Ltd. in Changsha, China for RMB64m. ($9.7m.) from Hunan Caixin Venture Investment Co., Ltd, the company said.

The UK refractories producer completed the acquisition through Shanghai Morgan Carbon Co. Ltd, a 70:30 joint venture between...

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