RHI Magnesita has acquired the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL).
“The acquisition will significantly increase RHI Magnesita’s presence in the fast-growing Indian refractory market, with forecast steel production growth in India of 12% in 2022 and a 7-8% compound annual growth rate until 2030,” RHI says in a note seen by Kallanish. “Through the consolidation of DBRL’s production into RHI Magnesita…
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