Magontec Limited (ASX:MGL)
Magontec Limited is an Australia-based company, which is engaged in manufacture, sale and distribution of alloys, magnesium and titanium cathodic corrosion protection products. The Company is also engaged in research and development of new proprietary magnesium, alloys and technologies and cathodic corrosion protection products (CCP). Its products and services include Primary Mg Alloy, Magnesium Alloy Recycling and Cathodic Corrosion Protection. The Company is exporter of alloys to die cast customers in Asia, Europe and the Americas. It produces alloys from its production facilities in Shanxi and Qinghai Provinces PRC. The Company’s alloys are recyclable returning to the industrial cycle a scrap product from die cast magnesium applications. It has recycling facilities in Germany and Romania. The Company manufactures and provides technical support for product lines for water storage vessel protection under brand names, including HyTonic Anodes and Correx Impressed Current Systems.