Products and Solutions Feb 23, 2016 11:00 AM
thyssenkrupp signs exclusive marketing agreement for graphite
thyssenkrupp Metallurgical Products has further expanded its distribution activities for graphite. The raw materials experts have signed an exclusive marketing agreement for graphite with the Canadian mining company Elcora Advanced Materials Corp. and its joint venture partner Sakura Graphite (PVT) Ltd., Sri Lanka. Under the agreement, thyssenkrupp will take 50 percent of annual production, expected to be around 9,000 tons per year after five years. The agreement, which names thyssenkrupp as exclusive distributor in the EU, Russia, Turkey, the USA and Canada, has a term of ten years with an option for a further five-year extension.
The product is the highest grade of natural graphite in the world, with a carbon content of over 90 percent. Graphite is used in efficient energy systems such as lithium-ion batteries as well as in other leading-edge technologies.
Stephan Hanel, Chief Operating Officer of thyssenkrupp Metallurgical Products, explains: “This partnership with Elcora and Sakura is extremely attractive for us and represents an ideal addition to our portfolio. We are confident that acting as a distributor for this high-quality graphite will enable us to grow our market share, in particular in the forward-looking technology sector.”
Troy Grant, Chief Executive Officer of Elcora and Sakura, adds: “We are extremely pleased today to announce this newly formed partnership with thyssenkrupp. Through this exclusive arrangement, Elcora will be supplying the highest grade of graphite material available anywhere in the world to market leaders developing technologies that will power our future.”
About thyssenkrupp Metallurgical Products
thyssenkrupp Metallurgical Products GmbH is part of the Materials Services business area of the thyssenkrupp Group and one of the world’s leading commodity trading companies. The company pools resources and technical expertise to provide solutions for virtually all applications in the metallurgical industry. With exceptionally good connections on the raw material markets, in part exclusive marketing rights and end-to-end quality surveillance, the company offers the best possible price-performance ratio for its products. Its close cooperation with the LME (London Metal Exchange) and the expertise of its Competence Center for Metal Hedging (CCMH) – whose services are in demand throughout the Group – make thyssenkrupp Metallurgical Products the first-choice partner for international customers. Capabilities include product preparation, coke, coal and petcoke trading, warehousing, the sale of advanced furnace technology, and trading of industrial gases, grid-based energies, high-quality carbon products, metals, ferro-alloys and industrial minerals.