Announced
Synopsis
Orica, a provider of commercial explosives and innovation blasting systems and Jiulian Resources, an exploration company engaged in acquiring and advancing mineral properties, agreed to form a joint venture for the manufacture and service delivery of explosives in China. Orica and Jiulian will own 49% and 51% respectively. Financial terms were not disclosed. “Jiulian is one of China’s leading players in the China explosives market. We expect that entering into a joint venture with a significant and credible market player will create an attractive platform to reinvigorate our operating assets in China. Over time, we expect to deepen our relationship and pursue new opportunities in the China market and beyond. The joint venture also better positions Orica to benefit from industry consolidation and technological changes underway in the China market," Alberto Calderon, Orica CEO and Managing Director.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.