Refractory solutions provider, Calderys, will increase its presence in Asia-Pacific with a joint venture in Indonesia and a new acquisition in Japan. The company has signed a joint venture agreement with PT Indoporlen, an Indonesian refractory manufacturer based in Bekasi, Jakarta. The agreement, which establishes Calderys as the majority shareholder, also includes PT Indoporlen’s sister companies PT Bina Surindah Cemerlang and PT Indoporlen Sakti, which deal with trading and installation, respectively. Calderys has partnered with PT Indoporlen on projects within the cement, steel, tin, nickel, aluminium and fertiliser industries for more than 30 years.
“After decades as partners, this JV comes naturally as Calderys and Indoporlen share the same common values of safety, innovation, and providing customer solutions. It is an exciting time to be growing our presence in Indonesia as all the key industries that Calderys serves are growing and the need for world class refractory solutions is clear,” said John Maxwell, Calderys CEO, in a statement about the new ventures.
In Japan, Calderys has purchased Tokai Ceramics, which produces monolithic refractory products such as castables, precasts, plastics and ramming mix. The acquisition will mean that Calderys will be able to produce products locally in Japan for the first time.
Adapted from press release by Louise Fordham.