The Asturian company Refractaria has been acquired by Krosaki AMR Refractarios S.A.U., belonging to the Japanese group Krosaki Harima Corporation, a leading operator in the sector. With this move, the Japanese company will expand its offer of refractory solutions to its client base.
Just as the Japanese company has announced, this acquisition “fits perfectly into the company’s growth strategy”. Thanks to this operation, the products of Refractaria and its new shareholder will be commercialised in over 60 countries.
Krosaki Harima Corporation has subsidiaries in 5 countries and develops refractory materials for the steel, lime and cement industries, as well as non-ferrous metal and continuous casting industries. It is listed on the Tokyo and Fukuoka stock markets.
Refractaria emerged in 1948 as a supplier of Duro Felguera’s refractory material. In 2008 the company embarked upon an internationalisation strategy by opening sales and delegation offices in 7 countries in different continents. It currently collaborates with the ITMA Foundation, as one of its founding partners, as well as in the Asturian Refractories Cluster.
Sources: La Nueva España, Web Krosaki AMR Refractarios S.A.U.
