FINE HYDRATE MARKET ANALYSIS

Market News

Global Fine Hydrate Market - Recent Developments

• In May 2021, Huber Corporation and RHI Magnesita (RHIM) entered into an agreement for Huber Corporation to purchase a 50% ownership stake in their 50/50 joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG. The Huber Engineered Materials (HEM) Fire Retardant Additives (FRA) unit, which manufactures a variety of halogen-free products for fire retardant and smoke suppression applications as well as aluminum oxides, included MAGNIFIN as a part of Martinswerk as a result of this acquisition.
• In December 2020, Hindalco Industries Limited, a metal flagship owned by Aditya Birla Group, announced its plants to establish a 34,000 Tons extrusion plant at Silvassa, India. The new plant will service the fast-growing market for extruded aluminum products in the western and southern regions. Hindalco Industries Ltd (Hindalco), a subsidiary of Aditya Birla Management Corp Pvt Ltd, is manufacturer of aluminum and copper. Aluminum in the forms of billets, ingots, and wire rods, alumina, and value-added goods like rolled products, extrusions, and foils are among its products.
• In 2019, Huber Engineered Materials launched its latest fine hydrate product called MoldX AO1. This product is designed for use as a flame retardant in the polymer industry and is specifically targeted for use in thin-wall applications. Huber Engineered Materials develops and manufactures industrial chemicals. The Company offers engineered specialty ingredients and products such as silica, silicates, health and nutrition, flame retardants, smoke suppressants, calcium carbonate, and barium sulfate. Huber Engineered Materials serves clients in the U.S.