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Mayerton Announces Divestment of Production Facility in China

The divestment of DMR will support Mayerton’s strategy to optimise capacity at its remaining production facilities and focus resources on performance and service/support in addition to product diversification. The divestment does not impact Liaoning Mayerton Refractories Co. Ltd (LMR) where it retains sufficient capacity to manufacture in excess of its current volume of refractory bricks. The application for approval of the transfer of the equity to Magnesita will be submitted to the Economic and Trade Bureau of Dalian Development Area in the People’s Republic of China. Mayerton expects that the approval and consequent completion of the acquisition will occur in Q3 2013. (4/2013)


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