Imerys buys Solvay's PCC business for EUR 59m, posts Q1 revenue growth

• Autores: Kasia Patel, Liz Gyekye
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 573, 2015 (Ejemplar dedicado a: Junio)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "This is a new step for us and it illustrates our growth strategy for the group to transform its exposure and gear it towards more interesting markets," a spokesperson for Paris, France-headquartered Imerys told IM. "For example, the markets of Solvay are interesting as it deals with speciality applications such as polymers, paints and consumer goods. These are growing markets." Describing Solvay's PCC division as "profitable", the spokesperson said that Imerys was "confident in improving the margins of the business by combining it with our own business".

    "The decline of proppants and ceramics, which serve the shale maket, started at the end of last year and that market (...) all of a sudden was reduced following falling oil prices," Imerys' CEO, Giles Michel, said in the company's earnings conference call.