Krosaki Harima buys majority stake in Tata Refractories
By Mike O'Driscoll
Published: Tuesday, 26 April 2011
Japanese refractory leader strengthens no.4 position with 51% share purchase of TRL
Krosaki
Harima Corp., Japan’s leading refractories producer has
acquired 51% of the outstanding shares in India’s top
manufacturer Tata Refractories Ltd (TRL) from Tata Steel Ltd
for Yen10.45bn ($127.5m.).
The deal, concluded on 21 April, strengthens Krosaki
Harima’s position as the world’s fourth
largest...