Imerys signed a definitive agreement on June 6 for the purchase of a 100% share interest in Jumbo Mining Ltd., which is located in Hyderabad, the capital of the Andrah Pradesh State in southeast India. Jumbo Mining produces potassium feldspar for the frit, glaze, tile body and tableware industries, and sells its products to the European, Middle Eastern and Asian markets. The company also operates two processing plants.
Feldspar is an essential mineral, along with ball clays and kaolins, for tile, sanitaryware and tableware manufacturing. According to Imerys, this acquisition is key to its growth in Asia and the Middle East, and provides a very good basis for the company’s future development in the ceramic markets in these regions.
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