Our external growth strategy is to continue the enhancement of our global presence in various geographical regions with the acquisition of reserves, complementary businesses, product lines and/or technologies.
Over the last years, Grecian Magnesite entered a period of steady growth by acquisitions, often through joint ventures with other well-established industry leaders. Successful example is the acquisition of the Spanish magnesia producer Magnesitas Navarras S.A in collaboration with the French Roullier group, as well as the industrial partnership with Imerys Fused Minerals Hull for the production of electrical grade magnesia in Greece . Also the acquisition of the Dutch based industrial mineral processor Van Mannekus & Co B.V. and the acquisition of significant reserves in Turkey through our affiliate Akdeniz Mineral Kaynaklari A.S. are further examples.
Further significant investment plans are already under evaluation as a result of our ongoing strategy and commitment for continuous excellence, efficiency and growth.