A full explanation of the demerger can be found here.
Vesuvius supplies primarily the global steel and foundry industries. It is a world leader in metal flow engineering, developing, manufacturing and marketing mission-critical ceramic consumable products and systems to demanding applications, Vesuvius also supplies fabricated precious metals to the jewellery industry in Europe and has significant precious metals recycling operations.
Vesuvius remains fully committed to providing industry-leading service and support for its customers, and retains its strong focus on innovation across the business.
François Wanecq, Chief Executive of Vesuvius, stated:
“I am very pleased to be leading Vesuvius forward as a stand-alone global leader in metal flow engineering. Following the demerger, we will be able to focus exclusively on serving our customers.
Vesuvius is now well positioned to keep growing its addressable markets, to leverage its strong presence in developing regions and to deliver innovative solutions for its customers and superior returns for its shareholders over the long term.”