Russia/Brazil: Magnezit Group and Vamtec sign cooperation agreement

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Updated Thu, 12 Feb 2015 09:23:22 GMT

Refractory materials producer Magnezit Group has signed a cooperation agreement with the Brazilian company Vamtec, a diversified manufacturer and trader of materials for metallurgical and cement plants. The agreement specifies distribution and promotion of Magnezit Group's products and services in Brazil. It also includes research collaboration in the metallurgical industry.

"During recent years we have carried out a number of changes in the company, including the construction of a plant for the production of magnesia clinker in Satka, Chelyabinsk region and the purchase of a new deposit in Krasnoyarsk Territory. Cooperation with Vamtec will let Magnezit Group find new possibilities for growth and continue efficient development of business in the South American market," said general director of Magnezit Group Sergei Odegov.

Vamtec SA was founded in the 1980s. It carries out development, production and promotion of materials and services for steel making industry, non-ferrous metallurgy, foundries and other industries.