Despite the depressed steel market ( see later ) Imerys is speaking to France's Alteo in a bid to diversify its refractories arm. Faced with persisting weakness in its refractory products operations, Imerys is capitalising on its experience in acquisitions to revamp the business through external input ( p9 ).
Albert Li, IM Analyst, discusses in his feature how the magnesia-producing region of Liaoning is seeking to diversify, to clean up its refractories process, and shows how this has affected the export and import of the raw materials used in to produce the refractories.
As Rose Pengelly, IM Correspondent, writes, "if diversity is the key to survival, then the abrasives industry is better placed than most industrial sectors to endure the triumvirate of stagnant global GDP rates, oversupply and rising competition that have been gnawing at the fundamentals of many raw materials sectors for the last five years." Indeed, from replacing plastic pearls in body scrubs to blasting sand off Sydney Harbour Bridge, this is an industry with room to expand.
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