French ceramics major Imerys plans refractory unit in India

03 Oct 2011

1

Imerys Group, a French multinational that specialises in the mining and distribution of industrial minerals and a leading producer of ceramics, is planning to set up a new manufacturing unit in India. The unit, involving investments to the tune of Rs25 crore, will manufacture monolithic refractories, the company said.

"We are actively considering a monolithic solutions plant in India," said Umesh C Deveshwar, chairman of Imerys India.

The company is looking at two locations, one in the eastern and another in the western parts of the country.

Imerys produces speciality minerals for refractory applications, ceramics products, pigments for paper and packing applications and filtration minerals. Refractory materials, which can withstand huge temperatures, are used in the linings of furnaces, kilns, incinerators and reactors.

Imerys has so far invested Rs700 crore in India, where it acquired ACE Refractory to scale up its operations in 2007. Revenues from India stood at Rs800 crore in 2010.

"India is one of the fast growing markets for Imerys," said chairman and CEO, Gilles Michel.

Imerys' clientele in India include Tata Steel, SAIL, ITC and ACC Ltd among others. The company is also looking at inorganic growth options, including acquisition of mines, to drive its growth.

Imerys is one of the world's leading producers of kaolin which is used in paper and ceramics industries, diatomaceous earth for abrasives and beer filtration, graphite for batteries, calcium carbonate for applications in construction, polymers, composites and cultured marble, etc.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers