"The Reframec acquisition reinforces Magnesita's leadership in its core industrial markets in South America, as it extends significantly its service offerings for non-steel customers," Magnesita said, on announcing the completion of the deal in July.
Pasek Espa-a, the refractories arm of Spanish minerals company, Pasek (see p66), has offered refractory installation maintenance services for decades, but, like Magnesita, the company is now looking to broaden its scope beyond its traditional steel industry customers.
"Since the beginning, Pasek has had both a refractory and a mining division," Pasek's commercial director, Enrique Somolinos told IM.
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