Opta Minerals exits refractories business
Published: Monday, 13 April 2015
The Canada-based processing company of several materials such as alumina, bentonite, chromite sand and garnet announced that it has decided to withdraw from the refractories business to focus on its other core steel businesses. The news comes as the company’s CEO acknowledged that its industrial minerals group is underperforming, as it continues to experience tough economic conditions and fierce competition.
Opta Minerals Inc.’s subsidiary Inland RC LLC
has sold its operating assets and its business to refractory
specialist H R Curry Company, Opta announced late last week. H
R Curry has been established since 1946 and is based in
Pennsylvania, US. It has similar and complementary product
lines to Inland....