Baymag
Baymag is a Calgary-based subsidiary of Refratechnik that mines magnesite in British Columbia and produces 150,000 MTPA of magnesium oxide grades in Exshaw, Alberta, serving environmental, industrial, and agricultural B2B customers globally.
- Company typePrivate
- Founded1982
- HeadquartersCalgary, Canada
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Baymag does
Baymag is a privately held Canadian producer of high-grade magnesium oxide (MgO) and related magnesia products, headquartered in Calgary, Alberta, and operating since 1982 as a subsidiary of Germany's Refratechnik group. The company runs a vertically integrated mine-to-product platform, extracting magnesite ore from its Radium Hot Springs, British Columbia deposit (with 50+ million tonnes of proved reserves) and calcining it at its Exshaw, Alberta facility into caustic calcined MgO, refractory-grade fused MgO, and specialty grades such as Baymag 58 MAX. Current nameplate capacity is 150,000 metric tonnes per annum, produced across two multiple-hearth furnaces and one gas suspension calciner commissioned in 2021.
The business serves three end-markets: environmental applications (notably water and wastewater treatment), industrial uses (refractories, steel, and other high-temperature processes), and agricultural applications (animal nutrition and fertilizer). Products are sold under bulk industrial mineral economics, distributed via a fleet of 120+ company-controlled railcars, adjacent highway access at Exshaw, and container shipping to international customers; the operation is ISO 9001:2015 certified and has been recognized for export performance.
Revenue is generated through B2B volume sales of magnesia grades into diversified industrial, environmental, and agricultural channels, with margin dependent on grade mix between commodity caustic magnesia and higher-purity specialty/refractory products. Capital allocation has historically been directed at incremental capacity (50,000 MTPA in 1997, ~120,000 MTPA in 2009, 150,000 MTPA in 2021) and, more recently, downstream ecosystem positioning via the 2024 strategic investment in PMAP Mine Water Corporation.
Baymag firmographics
Firmographics- Name
- Baymag
- Legal name
- Baymag Inc.
- Website
- https://baymag.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Baymag is a Calgary-based subsidiary of Refratechnik that mines magnesite in British Columbia and produces 150,000 MTPA of magnesium oxide grades in Exshaw, Alberta, serving environmental, industrial, and agricultural B2B customers globally.
- Ownership category
- akta.pro rank
Baymag industry classification
Industry- Product category
- Industrial Minerals - Magnesium Oxide
- NAICS
- Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (21232)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Magnesite & Magnesium Minerals Mining (IMAKAGAN)
- akta.pro secondary industry
- Magnesite & Magnesium Minerals (IMAEAFAL)
Keywords
Where Baymag is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Baymag business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others, Marketing or Sales
Revenue model
- Magnesium Oxide Product Sales: Sale of calcined magnesium oxide products in various forms including bulk, super sacks, and small bags. Products are sold directly to industrial customers for water treatment, soil remediation, industrial processes, and agricultural applications.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Baymag product offering
Product offeringCore offering
Baymag is a fully integrated producer of high-purity calcined magnesium oxide (MgO), mining magnesite ore near Radium Hot Springs, British Columbia and calcining it at its Exshaw, Alberta facility. Products include calcined MgO in powder, granule, and magnesium hydroxide slurry forms, refractory grade fused MgO, and the specialty Baymag 58 MAX formulation for animal feed, sold in bulk, super sacks, and small bags to industrial, environmental, and agricultural customers.
Product overview
Baymag is a fully integrated producer of high-grade magnesium oxide (MgO) products, operating from magnesite mining in British Columbia to calcined MgO production in Exshaw, Alberta. The company offers three main product lines: calcined magnesium oxide (the core product available in powder, granule, or magnesium hydroxide slurry form), refractory grade fused MgO, and the specialty Baymag 58 MAX formulation for animal feed. Products serve environmental applications (water/wastewater treatment, soil remediation), industrial operations (pulp and paper, hydrometallurgy, fiberglass), and agriculture (fertilizer, animal feed supplements). Production capacity reaches 150,000 metric tonnes per annum across three calciners.
Differentiator
Problem solved
Functional benefit
Products and services
- Baymag 58 MAX
Companies that use Baymag
Customer profileSegments3 records
Ideal customer profiles3 records
Baymag technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Baymag partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PMAP Mine Water CorporationcoreBaymag completed a strategic investment in PMAP Mine Water Corporation on November 18, 2024. This partnership combines Baymag's expertise in magnesium-based solutions with PMAP's cutting-edge water treatment technology to revolutionize water management in mining operations.
Scale indicators5 records
Recent moves10 records
Expansion highlights4 records
Baymag competitors and assessment
Company assessmentBroad incumbents
- Refratechnik: Baymag's parent group and a major global refractory products manufacturer. Comparable in magnesia raw-material production and downstream refractory applications, and is the corporate parent shaping Baymag's strategic context.
- RHI Magnesita: Global refractory products leader and Baymag's sister company under the Refratechnik/related industrial-minerals landscape. RHI produces refractory-grade magnesia at much larger scale, including fused and dead-burned MgO, providing an incumbent benchmark for Baymag's refractory business.
- Magnezit Group: Russian-based, globally active magnesia producer with vertically integrated mining and refractory manufacturing. Comparable product portfolio across fused, sintered, and caustic magnesia serving similar industrial end markets.
Emerging players
- Nabaltec AG: German specialty alumina and magnesium hydroxide producer serving flame retardant, refractory, and environmental markets. Comparable as a specialty industrial-minerals producer competing in overlapping environmental and industrial applications.
- Haicheng Magnesite (Liaoning region producers): Cluster of Chinese magnesite miners and calcined-magnesia producers concentrated in Liaoning province. Together they set the global commodity-grade pricing baseline against which Baymag's premium-purity products are differentiated.
Others
- Lehmann&Voss&Co. (LEHVOSS Group): European specialty chemicals distributor that resells magnesia and other industrial minerals into industrial and agricultural customers — comparable as a downstream channel partner and indirect competitor in specialty mineral distribution.
Direct peers
- Martin Marietta Magnesia Specialties: US-based producer of high-purity magnesium oxide and magnesium hydroxide from magnesite, serving environmental, industrial, and agricultural markets — directly comparable product portfolio, end-use mix, and calcination-based business model to Baymag.
- Premier Magnesia: Producer of magnesium oxide and related magnesia products for industrial, agricultural, and environmental applications. Closely comparable in product breadth (calcined MgO, dead-burned MgO, magnesium hydroxide) and target customer segments to Baymag.
- Grecian Magnesite: Greek miner and processor of magnesite into caustic calcined, dead-burned, and fused magnesia. Directly comparable vertically integrated mining-to-calcination model serving refractories, steel, and environmental markets.
- SMZ Jelsava: Slovak magnesite miner producing caustic and sintered magnesia for refractory, agricultural, and environmental applications — directly comparable integrated mining/calcination producer competing with Baymag in European and global markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Baymag social profiles
Digital presenceBaymag compliance and trust
Trust signalCompliance2 records
Baymag financial estimates
Financial estimateRevenue estimate
Valuation estimate
Baymag leadership team
Management profileNumber of profiles
Baymag subsidiaries and ownership
Company hierarchySubsidiaries1 record
Baymag funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Baymag M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Baymag
What does Baymag do?
Baymag is a fully integrated producer of high-purity calcined magnesium oxide (MgO), mining magnesite ore near Radium Hot Springs, British Columbia and calcining it at its Exshaw, Alberta facility. Products include calcined MgO in powder, granule, and magnesium hydroxide slurry forms, refractory grade fused MgO, and the specialty Baymag 58 MAX formulation for animal feed, sold in bulk, super sacks, and small bags to industrial, environmental, and agricultural customers.
Is Baymag a public or private company?
Baymag is a private company. It is classified as corporate owned and is currently operating.
When was Baymag founded?
Baymag was founded in 1982. It employs 101 to 250 people.
Where is Baymag based?
Baymag is headquartered in Calgary, Canada, in the North America region.
How does Baymag make money?
One revenue line is on record: magnesium Oxide Product Sales.
Who are Baymag's main competitors?
Broad incumbents on record are Refratechnik, RHI Magnesita and Magnezit Group. Emerging players are Nabaltec AG and Haicheng Magnesite (Liaoning region producers). Lehmann&Voss&Co. (LEHVOSS Group) is listed as an others. Direct peers are Martin Marietta Magnesia Specialties, Premier Magnesia, Grecian Magnesite and SMZ Jelsava.
Does Baymag have an API?
No public API is recorded for Baymag.
What industry is Baymag in?
Baymag's product category is Industrial Minerals - Magnesium Oxide. Its primary akta.pro industry code is IMAKAGAN, Magnesite & Magnesium Minerals Mining, with a secondary code of IMAEAFAL, Magnesite & Magnesium Minerals. Its NAICS code is 21232 and its SIC code is 1400.