Mar
2021

TIMAB MAGNESIUM COMPLETES ITS ACQUISITION OF MAGNESIUM DO BRASIL

TIMAB MAGNESIUM COMPLETES ITS ACQUISITION OF MAGNESIUM DO BRASIL

Having held a 50% equity stake in Magnesium do Brasil since 2013, TIMAB Magnesium is now the sole owner of the company. This acquisition is fully consistent with the development strategy of our Magnesia Division. It also marks a new stage in the ongoing process of exploring the considerable potential of Magnesium.

The Magnesium do Brasil mine and processing plant at Jucas in Cearà State (Brazil) will now join those already directly owned in Spain (Magnesitas Navarras). 

On the one hand, they increase our direct access to the raw material, giving our Magnesia Division total control over every link in the product value chain, from the extraction of strictly selected ore to the marketing of specific Magnesium-based solutions. 

On the other hand, the company's location in Brazil is ideal for strengthening our market positions and attacking new markets.

Mateus Freire is now CEO of Magnesium do Brasil, and is very keen to pursue new and ambitious growth targets in Brazil and internationally.

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