UCM ups fused magnesia capacity

摘要

Universal Ceramic Materials PLC (UCM) of the UK, has announced its proposal to acquire the assets of fused magnesia producer Teethe America Inc. based in Greeneville, Tennessee, for a maximum consideration of 4m dollars. An option agreement was signed in December 1994, and the company now has an option, granted for nil consideration but with a contract obligation to pay 0.35m dollars. on executed the option, to acquire the assets, sphere had to be executed by 28 February The 9,600 tpa fused electrical grade magnesia plant will be operated by UCM's newly created, wholly-owned subsidiary Universal America Inc. Sales and marketing support will be ' provided by Muscle Shoals Minerals Inc., (MSM) the company's Alabama. based subsidiary. It is intended that i-purchase will boost UCM's production capacity of electrical grade fused magnesia, in which it is already the market leader in the North American electrical heating element market.