Ceramic Industry News

Magnesita Reports Increased Second Quarter Revenues

August 31, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Magnesita recently reported second quarter 2011 revenues of 583 million BRL (~ $363 million), sequentially increasing 1.3% and 5.7% over the prior-year period. The company reported second quarter revenues from refractory solutions of 526.4 million BRL (~ $327 million), a sequential increase of 6.2% and a 9.3% increase over the prior-year period. The sequential increase was mainly due to a 7.3% increase in South America, primarily due to increased sales to the steel sector. The increase over the prior-year period was due to 17.5% growth in the sales outside South America.

“Our vision is to become the largest and most profitable player in the sector,” said Ronaldo Iabrudi, CEO. “The path to accomplishing this vision involves maintaining a healthy capital structure, increasing our vertical integration and implementing growth initiatives. We are pursuing this while the sector faces unprecedented macro-challenges including rising raw material prices, disruptive currency environment and a slow-recovering global market.”

For more information, visit www.magnesita.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px