NEW YORK Kluchevsky Ferro-Alloy Plant has become a shareholder in New Jerseys 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 Kluchevskys 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. Its 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 Kluchevskys 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.