Magnezit Group and Mitsui Bussan Metals Signed Memorandum of Understanding
The General Director of Magnezit Group Segei Odegov said, at the ceremony of signing of the memorandum, cooperation with one of the leaders of Japanese industry will allow the Russian company to increase capacities for production of fused periclase. In its turn the Japanese group will find in Magnezit Group a long-term partner for deliveries of the high-quality product. In the future the parties suppose to conclude a long-term contract for delivery of 4000 t of fused periclase. According to the terms of the agreement, payment will be effected in 2018 and guaranteed shipments will be done during the period till 2020.
Fused periclase is a basis for all high quality refractory products. The distinctive feature of fused materials is their high density and considerable corrosion resistance. In refractory technology fused periclase holds a special place as with its help it becomes possible to manufacture products possessing increased resistance and to develop high-performance processes in metallurgy, chemical technology, production of construction materials, power engineering, instrument engineering and other branches of industry.