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News from the glass and refractory ceramics world

CTT-Refractory and glass news

Sisecam eyeing acquisition opportunities in Europe, China

Turkey’s Sisecam is eyeing household glassware acquisition opportunities in Europe and China, and flat glass opportunities in Africa, based on a statement of the company’s general manager.

Owens-Illinois enters into agreement to repurchase $100 million of common stock

Owens-Illinois, Inc. announced that it has entered into an agreement with J.P. Morgan Chase Bank NA to repurchase $100 million of O-I’s common stock under an accelerated stock repurchase program (ASR). The ASR is part of a previously announced $500 million share repurchase program approved by O-I’s Board of Directors in October 2014.

Magnezit Group to distribute products on Brazilian market

Magnezit Group of Russia has signed a cooperation agreement with the Brazilian company Vamtec S.A., a diversified manufacturer and trader of materials for metallurgical and cement plants. The agreement stipulates cooperation of the parties in the field of distribution and promotion of products and services of Magnezit Group on the Brazilian market.