Exciting News from Capital Refractories

Exciting News from Capital Refractories

We’re pleased to share that Capital Injection Ceramics Limited (CIC) has been acquired by Siemens Energy.

This divestiture enables Capital Refractories (CRL) to strategically streamline our portfolio, focusing investments on expanding and enhancing our ceramics shapes facilities and advancing our monolithic business. For example, we’ve just committed to a multi-million-pound expansion of our slip-cast one-shot crucible facility in the Czech Republic, driven by growing customer demand. This sharpened focus will drive innovation, improve operational efficiency, and position CRL for sustained growth in our key markets.

Meanwhile, CIC will continue to operate as a dedicated subsidiary of Siemens Energy, with the same leadership team and staff in place to ensure a smooth transition and future growth opportunities.

We’d also like to thank our advisers on this transaction:

• Lewis Silkin, led by Ashi Amershi and Mark Winthorpe, who acted for the shareholders of CIC.

• Arrowpoint Advisory, Rothschild & Co's UK mid-market advisory team, led by Tom Smith with support from Dylan Genau and James Rosanwo.

We’re excited about this new chapter—for both CRL and CIC—and remain committed to supporting our customers with the same dedication and excellence as always.