Plansee Expands Into Chile

IndustrialsIndustrial Goods ♦ Published: April 5, 2011; 07:20 ♦ (Vindobona)

The Austrian Plansee Group acquires minority ownership of the Chilean company Molibdenos y Metales S.A.

Plansee Expands Into Chile / Picture: © Vindobona.org

The Plansee Group, a company producing powder metallurgical products made from high performance materials such as molyb-denum and tungsten, has taken over 7 percent of the shares in form of a block deal of the Chilean company Molibdenos y Metales S.A. (Molymet). Molymet is the worldwide leading processor of molybdenum ore concentrates.

"This investment is a first step to secure…

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