CTT-Refractory and glass news

Cambridge launches No Broken Glass campaign

Cambridge Engineered Solutions (Cambridge, Md.) has launched its “No Broken Glass: No Broken Promises” campaign. The world’s largest manufacturer of metal conveyor belts for industrial and food processing, targets the glass manufacturing industry, which traditionally halts production globally twice a ear to replace worn conveyor belts used in lehr chambers. Cambridge guarantees that it will ship metal mats (belts) when promised or provide the product for free. The campaign runs July 1 through December 31, 2014. 

IFGL eyes 10-20 percent overall growth for FY15

Driven by strong global performance, IFGL Refractories Ltd. (India), manufacturer of specialized refractories and operating systems for the steel industry, reported an 86 percent year-on-year EBITDA growth in FY14. Additionally, the company is eyeing an overall growth of 10-20 percent for fiscal year 2015.

I-Minerals enters agreement to sell up to 30,000 tons of quartz

I-Minerals Inc. (Vancouver, British Columbia, Canada) has entered into a contract with Pre-Mix, Inc. of Pullman Washington for the sale of up to 30,000 tons per annum of screened k-spar/quartz sand from the Company’s WBL Tailings area. The contract has a five-year term and may be extended for an additional two years if agreed upon by the two companies. Screening of the tailings material and transportation to the Pre-Mix plant is expected to begin shortly.

Iluka makes takeover offer for Kenmare Resources

Mineral sands miner Iluka Resources has offered to acquire UK-listed Kenmare Resources, a £334 million mineral sands miner with operations in Mozambique. Iluka said it has made an offer to acquire the company, but has given no further details at this stage.