Magma Ceramics & Catalysts plans Vietnamese venture

Following a successful period of growth during 2012, Magma Ceramics & Catalysts is pleased to announce the acquisition and imminent development of an additional manufacturing facility in Vietnam, which will support the ceramics division of the business.

Magma’s Vietnamese operation, Magma Ceramics & Catalysts (Vietnam), is 100% owned by UK parent company, Jemmtec Limited.The business will operate under ISO9001, ISO14001 and OHSAS18001 standards and will initially invest in refractory ceramic production to support the industries currently served by Magma Ceramics in the UK, including glass, alloy and steel. After visiting several locations in the north of the country, Magma has secured a 6000m² facility, ideally situated between Hanoi and North Vietnams main international sea port, Haiphong, on a purpose built industrial estate which already serves a wide range of international manufacturers. Building modifications will commence next month, closely followed by the installation of equipment with commercial production expected to commence 2013.

Magma Ceramics & Catalysts originally began trading from its UK base in February 2010, following the management buyout of the former Dyson Group business, Dyson Precision Ceramics. The following 3 years have seen Magma go from strength to strength and enjoy continuing success. 2012 proved to be a particularly successful year with the acquisition of a new catalyst manufacturing plant in Brazil, which entered trial production in December 2012 and commenced the manufacture of a range of catalyst products for customers operating in the petrochemical and natural gas markets earlier this month, and the development of a new building to facilitate an increase in manufacturing capacity at its head office in the UK.

600450 Magma Ceramics & Catalysts plans Vietnamese venture
Date: 22 January 2013

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