Alteo takeover signals greater focus on batteries, electronics for alumina producer
Published: Wednesday, 27 January 2021
French calcined alumina producer Alteo has been acquired by West African mining and logistics group United Mining Supply (UMS), a move that secures the company’s financial foothold and paves the way for new investment to serve specialty applications including semiconductors and batteries.
Management sources at Alteo told Fastmarkets the new
ownership structure will allow the company to better navigate
the multi-year cycles of the refractories industry while
looking to expand capacity for higher-value applications.
"There is willingness, on the part of UMS, to invest further
in the specialty alumina business," Gildas Fontaine,...