German iron ore and pelletising technology provider NewFer has been acquired by engineering firm Danieli Corus, becoming its subsidiary from 1 December, Kallanish notes.
The companies have signed an agreement under which all NewFer activities will be transferred to Danieli Corus, including 35 employees from the Eschborn head office and the Kolkata representative office. A new entity, Danieli NewFer, has been created and will supply pelletising technology, ore beneficiation packages, engineering, equipment and related services to the global mining and primary steel sectors.
“This strategic move comes at the right moment, with the global steel industry looking at an increased demand for high quality iron ore concentrates and higher pelletising capacities to accommodate decarbonisation requirements,” NewFer ceo Lars Dümmel comments in a joint note sent to Kallanish.
The integration combines NewFer’s expertise in beneficiation and agglomeration with the Danieli Corus network and its capability to execute large scale projects.
NewFer’s technologies will expand Danieli’s upstream offering, giving it a full portfolio from iron ore through to steel, Danieli Corus chief commercial officer Guido van Hattum explains.
Danieli NewFer will continue to operate from Eschborn, while the India operations will relocate to the Danieli Corus office in Kolkata.
Natalia Capra France
