RHI Magnesita to scale up refractory capacity
22 November 2021
Vienna-based RHI Magnesita is planning to invest Rs 400 crore in India to expand its refractory-making capacity. At present, the company produces 1.42 lakh tonne refractory material at three plants located at Bhiwadi, Visakhapatnam, and Cuttack.
The company plans to double its capacity to 2.8 lakh tonne. The company will make Rs 400 crore Capex investment to expand India's production capacity. Also, a research and development (R&D) centre was inaugurated at Bhiwadi.
This is the fifth R&D facility in the company's global network after Leoben (Austria), Contagem (Brazil), Dalian (China), and York (United States).
The R&D centre in India is part of its efforts to make India an R&D and manufacturing hub for India, the Middle East, and the Africa region. The investments will be made through its Indian listed entity RHI Magnesita India.
It will work closely with the company's global R&D network for local raw materials development, provide solutions support for customers' performance improvement projects and support local manufacturing in the three plants in India.
RHI Magnesita, the supplier of high-grade refractory products, systems, and solutions, which are critical for high-temperature processes.
The company has a customer base in more than 70 countries. Refractory is used by a wide range of industries, including steel, cement, non-ferrous metals, and glass.