Yorkshire firm Magma Ceramics and Catalysts has secured financing to build a manufacturing facility in Vietnam which will begin operating from July.
The manufacturers of refractory ceramic products used by the glass, alloy and steel industries will open the 6,000 square metre facility between Hanoi and North Vietnam’s main international sea port, Haiphong. It follows the company, formed in February 2010 following a management buy-out of Dyson Precision Ceramics, securing a £600,000 finance package from HSBC. Managing director Mark Stuckey said:…
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