Grecian Magnesite S.A.

General information

GRECIAN MAGNESITE is a privately owned company established in 1959 as a mining and industrial concern. GRECIAN MAGNESITE is a magnesite specialist. The company produces and commercializes Caustic Calcined Magnesia, Deadburned (Sintered) Magnesia, Magnesium Carbonate (Raw Magnesite) and Basic Monolithic Refractories. A wide range of grades is currently produced, addressing practically all applications where magnesite is used.

GRECIAN MAGNESITE ranks among the top magnesia producers and exporters in the world, with a staff of around 320 people (plus 50 permanent subcontractors) and a turnover of some 45 million Euros (consolidated turnover in the range of 70 million Euros). In caustic magnesia in particular, our company is the first in the world as regards both sales volume and spectrum of applications served.

The company’s capacity is close to 200,000 tons of calcined products and 50,000 tons of Basic Monolithic Refractories. Assets also include a modern R&D facility near Thessaloniki, deposits in the island of Euboea and the headquarters in Athens. Grecian Magnesite holds the GMP+ and ISO 9001: 2008 Quality Certificates.

GRECIAN MAGNESITE has a commercial presence all over the world. The company’s sales value to the European continent represents 75% of its turnover while another 8% corresponds to the Americas and the rest 17% covers Asia, Oceania and Africa.

GM’s ongoing strategy is to implement significant investments projects both externally (internationalizing the company, beyond its traditional export activities) and internally. Besides GM’s participation in the production and distribution of magnesia products outside Greece i.e. Spain, Turkey and The Netherlands, the company continuously implements large investment programs in the Chalkidiki mines, aiming at reducing costs, improving quality, increasing production capacity, extending the lifespan of the mine and allow further environmental protection.

GRECIAN MAGNESITE’s experienced and committed personnel has played a key role in the company’s success. Management and staff take pride in their work and in the company’s excellent reputation at home and abroad.

GRECIAN MAGNESITE attributes particular importance to the natural environment and carries out extensive restoration work in accordance with the most advanced international industry practices.

Today we are proud to say that GRECIAN MAGNESITE is a modern and successful company possessing a substantial know how in mining, processing and marketing of industrial minerals.