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Kluchevsky buys stake in F.W. Winter

Keywords: Tags  Kluchevsky Ferro-Alloy Plant, F.W. Winter, John Vickers, Sergej Gilwarg, ferrochrome, chrome, Russia, Daniel Fitzgerald

NEW YORK — Kluchevsky Ferro-Alloy Plant has become a shareholder in New Jersey’s F.W. Winter Inc. & Co., as the Russian company plans to boost its chrome sales in the Americas.

Camden, N.J.-based F.W. Winter will exclusively market the lump aluminothermic chrome metal, extra-low-carbon ferrochrome and other alloys produced at Kluchevsky’s plant in Dvurechensk, Russia.

F.W. Winter, which produces metal and alloy powders, will also continue to be a consumer of Kluchevsky ferroalloys. The shareholding builds on a relationship between the two companies cultivated “over many years,” F.W. Winter vice president of commercial John Vickers told AMM.

Vickers said that the deal will see Dvurechensk-based Kluchevsky expand its presence in the North American and South American chrome markets.

“Part of that expansion is our consumption of chrome at F.W. Winter. It’s one of the critical components we use, so this agreement is a good fit,” he said.

The deal, which Vickers said was reached after “months of negotiation,” takes effect on Feb. 28. The size of Kluchevsky’s stake in F.W. Winter was not disclosed.

“This partnership will enable us to serve directly all our customers in North and South America and strengthen our relationships with them,” Kluchevsky chairman Sergej Gilwarg said in a statement.

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