NikoMag Overview
Company Headquarters: South Holland Province, The Netherlands
Founded: 2006
Workforce: ~60
Company Working: NikoMag specializes in the production of magnesium hydroxide, magnesium chloride and oxide. It has an extensive system of sales across the globe which allows the company to cooperate with various industries such as petroleum production, metallurgy, food, power, and chemical. In July 2015, the company together with its strategic co-investors RUSNANO and SBERBANK implemented a large investment project. The key products of the project are magnesium hydroxide and magnesium oxide. The company has bischofite brine reserves, which are used in the production of synthetic magnesium hydroxide and high-purity magnesium oxide & chloride. Annually NikoMag produces around 25 thousand tons of magnesium hydroxide. In 2015, it generated revenue worth USD 6.15 million.
Strategy
NikoMag emphasizes on the development of high-quality products and ensures an adequate supply of the product as and when required by building an effective supply chain. Also, it focuses on strengthening its market position by investing in product development and capacity expansion to serve the changing needs of customers. Moreover, it aims at expanding its global presence in new and existing markets.
