Global Cement
Global Cement Directory
  • Home
  • News
  • Conferences
  • Magazine
  • Awards
  • Photography
  • Knowledge Base
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
News China Magnesium Corp takes acquires 60% stake of FMW

China Magnesium Corp takes acquires 60% stake of FMW

Written by Global Slag staff
02 February 2015
  • Print
  • Email

China: China Magnesium Corporation Ltd (CMC) has executed and commenced a cooperation agreement with Pingyao County Fengyan Mineral Wool Co Ltd (FMW), effective from 1 February 2015. The effect of the agreement is that CMC will have a 60% economic interest in FMW, control a majority of the FMW board seats and be responsible for the management of FMW's business.

FMW is an established and profitable medium-sized metallurgy company based in Pingyao, Shanxi Province. It is a wholly-owned subsidiary of Fengyan Coal & Coke Group Company Ltd. FMW can produce 150,000t/yr of ferronickel and uses the waste slag from the ferronickel production to produce mineral wool and mineral wool acoustic board products, among other industrial products. It currently purchases all of CMC's semi-coke to use in its ferronickel production. Any external ferronickel requirements in respect of CMC's recycling and production are also currently supplied to CMC by FMW.

Published in Global Slag News
Tagged under
  • China
  • China Magnesium Corporation Ltd
  • acquisition
  • Pingyao County Fengyan Mineral Wool Co Ltd

Related items

  • Global steel production falls by 7% to 873Mt in the first half of 2020
  • World Steel Association predicts 6.4% drop in steel demand in 2020
  • Global steel demand to grow by 1.7% in 2020
  • World crude steel production grows by 4.9% to 925Mt in first half of 2019
  • China further tightens rules on scrap metal imports
Global Slag Conference & Exhibition 2021
Global Cement Weekly Sign up
Global Slag LinkedIn
acquisition ArcelorMittal Belgium China contract Ecocem Evraz Highveld Steel and Vanadium fly ash France government granulated blastfurnace slag grinding plant ground granulated blast furnace slag Harsco India mill order plant Product Production Russia slag slag cement South Africa steel Steel slag UK Upgrade US World Steel Association
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
  • Home
  • News
  • Conferences
  • Magazine
  • Awards
  • Photography
  • Knowledge Base
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
  • Magazine >>
  • Latest issue
  • Articles
  • Back issues
  • Links
  • Awards
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Websites >>
  • Global Cement
  • Global Gypsum
  • Global CemFuels
  • Global Insulation
  • Pro Global Media

© 2021 Pro Global Media Ltd. All rights reserved