Magnesita post 20% growth in 2013 in industrial minerals; graphite project close

By Siobhan Lismore-Scott
Published: Friday, 21 March 2014

Magnesita remains one of the most diversified refractories producers and this is reflected in its positive results. The company, like RHI, has focused on vertically integration and has managed to protect itself from fluctuations in steel markets and bearishness elsewhere.

Brazilian refractories and minerals producer Magnesita Refratarios posted a 19.6% increase in revenues in its industrial minerals segment in 2013, when compared to the previous year, at Brazil real (R$)168m,($72.4m). *

Eduardo Gotilla, Magnesita’s head of investor relations, attributed the growth in industrial minerals sector to higher...

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