Rhi Magnesita: Down 30% from top

 

  • Rhi Magnesita: Down 30% from top
  • RHI Magnesita India Limited is a leading India-based supplier of high-grade refractory products, systems and solutions to the India and West Asia region, which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries including steel, cement, non-ferrous metals and glass
  • India will require additional Blast Furnace capacity to meet stated Steel output targets. 
  • There are currently 7 new large Blast Furnace projects at different stages of installation or commissioning. 
  • India is the global leader in coal based DRI Production and this will continue to grow while alternative technologies ramp up. India’s Iron ore grade ensures demand for pellet plants.
  • Ageing Coke plant capacity offers upgrade and maintenance driven demand visibility for the next 5-10 years. We also expect commissioning of new batteries
  • RHI Magnesita India now has a compelling local for local market offer for blast furnace and coke oven projects
  • Vast majority of blast furnace and coke oven projects are facilitated by global OEMs with whom we have established relationships locally and globally
  • Share is steadily increasing in DRI and Pellet by leveraging RHI Magnesita’s full-service solution package 
  • Acquired product portfolio can be further enhanced by leveraging group technology from other successful markets which will become a competitive advantage
  • Market leadership position with 30% market share in India
  • Local for local manufacturing strategy supporting Make in India policies
  • Recent acquisitions create balanced portfolio of refractory products and a strong platform for growth in India and in under-represented product markets 
  • India is the highest growth major market for refractories globally, with c. 6% CAGR forecast 
  • Attractive and resilient margins 
  • Access to capital for further growth and expansion in India 
  • Opportunity to increase regional exports from India manufacturing hub 
  • Backed by RHI Magnesita group- technology, R&D, global product range and services
  • https://youtube.com/shorts/YUzI8vYJo_8?si=iTuIGJTef4ndXEUA

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