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04

Dec

2015

Press Release

Effective December 1, 2015, the Board of Atterbury S.A., a subsidiary of OYAK, appointed Henning Stams as the new Chief Executive Officer (CEO) of the Almatis Group. 

Mr. Stams succeeds Taco Gerbranda who has been appointed to the position of Advisor to the Board of Atterbury S.A., which will benefit from his vast corporate and Almatis experience.  Dinç Kızıldemir, Chairman of Almatis, and an Executive Vice President of OYAK commented: 

“We would like to thank Taco for his successful management and leadership of Almatis over the last years and especially during the process of the acquisition by OYAK.”

Prior to his appointment as CEO, Henning Stams was Almatis’ Vice President of Supply Chain and IT and served as a member of the Group’s Executive Committee from 2009.  He joined Almatis in 2004 as Chief Information Officer, with the primary responsibility for overseeing the carve-out of Almatis from Alcoa.  Previously he held a variety of different management and consultancy positions. Mr. Stams holds a Master’s Degree in Science from the University of Cologne and also serves as a judge at the Regional Court of Frankfurt.

Henning Stams stated “Our industry is currently facing challenging global market conditions.  My top priority will be to ensure that Almatis continues to be a reliable, competitive, value-adding and hence preferred solution and supply partner.  Through leveraging our strong technological knowledge, we shall further focus on offering best-fit solutions to our customers.”

01

Sep

2015

Press Release

1st September 2015: Dubai International Capital (DIC), the private equity arm of Dubai Holding, today announces that it has completed the sale of Almatis (the "Group"), the world's leading supplier of premium alumina for the refractory, ceramic and polishing industries to OYAK, Turkey's largest private pension fund. The completion of this sale follows receipt of all relevant regulatory approvals.

 

Taco Gerbranda, Chief Executive Officer of Almatis, said: “We are grateful to DIC for their support and the strong partnership that we formed during their ownership period. This partnership was critical in allowing us to undertake very ambitious strategic steps that ensured the longer term stability of our company by extending our global presence, increasing capacity and becoming vertically integrated, with the single objective to better serve our customers.

 

Today marks the start of a new chapter for Almatis, with an owner who has expertise in our sector. This transaction positions Almatis very well to support the growth of our customers, grow with them and at the same time strengthen our leadership in the premium alumina industry. With its strong understanding of Almatis' customer needs, the market opportunities and challenges, OYAK is well placed to foster Almatis' continuous development, pursuing its long-term strategy.”

David Smoot, Chief Executive Officer of Dubai International Capital, commented: “We are extremely pleased with the outcome of the sale of Almatis. During our ownership, our close collaboration with the management team and investment in the business allowed the Group to achieve significant growth and improvements in its operations. The Group has an extremely attractive growth potential and OYAK is the right partner to support it in the next phase of its development.”

14

Jul

2015

Press Release

Rotterdam, the Netherlands – 14 July 2015: Almatis (the "Group"), the world's leading supplier of premium alumina for the refractory, ceramic and polishing industries, today announced that its shareholders, including majority owner Dubai International Capital LLC ('DIC'), have signed an agreement to sell the Group to OYAK, Turkey's largest private pension fund. 
 

Taco Gerbranda, Chief Executive Officer of Almatis, said: “As a long-term investor, OYAK is expected to significantly strengthen Almatis' financial position and to support the Group's continued growth. This is a major milestone for Almatis and we look forward to the completion of the transaction”

Completion of the transaction is conditional upon receipt of all relevant regulatory approvals.

 


Dec

2015

Source:

There are many perceptions in the market about the most appropriate refractory aggregate for a particular application. Opinions about the relative benefits of the fused and sintered versions of synthetic high alumina materials are set and often difficult to discuss and refute. But changes in the refractory raw materials market over the past few years have influenced the properties of the currently available synthetic high alumina materials and triggered the development of new aggregates. The purpose of this paper is to outline the differences between high alumina fused and sintered 


Jul

2015

Source: Industrial Minerals

The owners of German speciality alumina producer Almatis and its shareholders have agreed to sell the group to Turkey’s largest pension fund, Oyak.


Feb

2015

Source: INTERCERAM – REFRACTORIES MANUAL II/2014

The use of monolithic refractories has spread throughout various industries over the past few decades. Today it is common practice to install monolithics in heavy wear areas. In the past, only refractory bricks were used. Unlike bricks, unshaped products require sintering during operational use to obtain their final properties. Applications outside the iron and steel industry are often referred to as “industrial applications”. Industrial applications also demand improved castable properties such as better chemical stability, mechanical strength and abrasion resistance in 

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