Yotai Refractories Co., Ltd. acquired Refractory Raw Material Manufacturing Business of Shibata Ceramics Raw Materials Co., Ltd.
October 30, 2022
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Yotai Refractories Co., Ltd. (TSE:5357) agreed to acquire Refractory Raw Material Manufacturing Business of Shibata Ceramics Raw Materials Co., Ltd. on April 8, 2022. The transaction is expected to complete on October 1, 2022. The transaction is expected to be accretive to Yotai's business.
Yotai Refractories Co., Ltd. (TSE:5357) completed the acquisition of Refractory Raw Material Manufacturing Business of Shibata Ceramics Raw Materials Co., Ltd. in October 2022. Refractory Raw Material Manufacturing Business of Shibata Ceramics Raw Materials begins operations as the Toki Factory of Mizunami Plant.
YOTAI REFRACTORIES CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of refractory products, as well as the furnace installation engineering business. The Company operates in two business segments. The Refractory Products segment is engaged in the manufacture and sale of various refractory bricks such as basic bricks, high alumina bricks, clay bricks and silica bricks, and unshaped refractory products for irons and steels, nonferrous metals, cements, glass, furnaces and environmental equipment related kilns uses. The Engineering segment is engaged in the design and construction of various industrial kilns and environmental facilities that use refractories, as well as the contacted maintenance business.
YOTAI REFRACTORIES CO., LTD. 
