Having maintained a 50% equity share since 2013, TIMAB Magnesium has now accelerated its growth strategy with the 100% acquisition of Magnesium do Brasil.
Recognised for its expertise in magnesium extraction and processing, Magnesium do Brasil operates a mine and processing plant at Jucas in Cearà State, and has its head office in Fortaleza.
Mateus Freire has been appointed as CEO of Magnesium do Brasil.
“This acquisition is fully consistent with our strategy of securing access to raw materials, geographic growth and the marketing of innovative and original products”, says Gilles Le Jean, CEO of TIMAB Magnesium and Head of the Groupe Roullier Magnesia Division.
