RHI Magnesita announced the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (2022)

RHI Magnesita, the leading global supplier of refractory products, announced the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (“DBRL”). DBRL is one of India’s leading refractory players and a long-term trusted partner to customers in the region. (2022)
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.
Through the consolidation of DBRL’s production into RHI Magnesita’s existing operations, significant network optimisation synergies will be captured.
The acquisition will add production capacities in important industrial regions in the south and west of India where RHI Magnesita currently has no assets
Sees material financial and operational benefits from the addition of the Dalmia Bharat Refractories business to existing network, which will enable to increasingly serve our customers with a ‘local for local’ approach in India and offer a broader range of products, in particular in the Industrial segment, in which RHI Magnesita is currently under-represented.
This transaction demonstrates our ability to continue to grow business in India where the outlook for the refractory industry is strong, at a time when demand in other geographies is weakening

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