Cookson Acquires Metallurgica
Metallugica, headquartered in Germany, is one of the world’s leading suppliers of fluxes, and will be integrated into the Engineered Ceramics Division. Fluxes are a range of powders used alongside refractory products in the enclosed continuous casting technology for steel production. As well as absorbing impurities in the molten steel, these powders also help lubricate the mould and prevent oxidation of the molten steel during the production process. In 2011, Metallurgica had revenue of approximately EUR 48 million and trading profit of approximately EUR 4,6 million. Gross assets as at 31 December 2011 were approximately EUR 24 million (4/2012).