Elkem buys Iron Foundry Alloy Business of Minex

Hingna plant 5

Mumbai, 9 December, 2016: Elkem has acquired the iron foundry business of the Indian Company Minex Metallurgical Co. Ltd, a leading provider of speciality alloys.

Based in Norway, Elkem AS is one of the world’s leading companies for environmentally responsible production of materials. Its principal products are silicon, silicones, ferrosilicon, foundry alloys, carbon materials and microsilica. 

Elkem AS is the global leader in metal treatment solutions to the cast iron industry and a supplier of high quality special ferrosilicon to the steel industry. This acquisition will strengthen Elkem’s strategic position building upon the existing competence, manufacturing high quality and consistent products, strong technical customer service, technology and R&D.

“We have been present in India for the last 3 decades and getting a manufacturing footprint allows us to leverage our strengths of quality products and technical service with local production. This acquisition is a commitment from Elkem to India’s iron foundries and we will continue to offer technical services to help our customers improve their products and processes, enabling them to be more competitive.” said Roland Hennigfeld, Global Sales and Marketing Director in Elkem.

Elkem AS will acquire direct control of Minex Metallurgical Co. Ltd’s iron foundry alloy business including the Hingna plant, its sales and marketing organization, its distribution network across India as well as the R&D Facility at Hingna. This acquisition does not include the Minex cored wire business.

- "Minex is happy that a progressive and forward-looking company who will ensure continuous growth is taking over the business", says Mr. S.B. Misra who built the organization from scratch to what it is today.

About Elkem

Elkem is one of the world’s leading providers of silicon-related advanced materials. The Company is a fully integrated producer with operations throughout the silicon value chain from quartz, silicon and downstream silicone specialities as well as speciality ferrosilicon alloys and carbon materials. Headquartered in Norway, Elkem has a strong global footprint with about 3600 employees, 22 production plants, two research centers and sales offices in over 50 countries. Elkem is owned by China National Bluestar.

About Minex
Minex is India’s foremost provider of total alloying solutions to the iron & steel, aluminum, foundry, and other non-ferrous industries, with a state-of-the-art technology in speciality alloys, cored wire, aluminium master alloys and wire injection systems. Minex is headquartered in Mumbai and has three manufacturing plants near Nagpur in central India and one each in Mumbai & Pune, with an export network to over 16 countries. The company has a strong focus on customer needs and has sales and service networks all over the country.

For more information about Elkem visit www.elkem.com
For more information or comments, contact:
Managing Director, Elkem South Asia, Mr Iyer Srinivasan: Iyer.srinivasan@elkem.com, or
VP Public Relations, Elkem, Ms Kristin Karlstad: kristin.karlstad@elkem.com