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[July 2007]
Imerys Continues Development in High Growth Regions
The Imerys Group (Paris, France) says it is continuing to implement its development strategy in high growth regions, with the following operations completed in the second quarter of 2007.
• Acquisition of 100% of the capital of Jumbo Mining Ltd, an Indian feldspar producer. Feldspar is an essential mineral alongside ball clay and kaolin for floor tile, sanitaryware and tableware manufacturing. Jumbo Mining Ltd has high quality mineral reserves and two plants in south-east India. The operation will enable the group to step up its development in the dynamic ceramics market in Asia and the Middle East.
• Acquisition of 100% of Perfiltra, the Argentinian leader in perlite, a mineral used in filtration processes. Perfiltra has important reserves and an industrial platform that will allow Imerys to consolidate its leadership in the fast growing South American minerals for filtration market.
• Signing of a joint venture (60% Imerys) agreement with ZAF, a Chinese producer of brown fused alumina for the Asian minerals for abrasives markets.
These companies achieve total annual sales of more than €15 million and employ approximately 350 people. They will be consolidated during the second half of 2007.
Imerys is active in 45 countries through over 250 locations and achieved €3.3 billion in sales in 2006.
www.imerys.com
ENDS