PTI has reported that one of the world’s leading suppliers of refractories RHI Magnesita’s CEO Mr Stefan Borgas said that ‘We have earmarked INR 3,600 crore investments in India. This would go towards organic and inorganic capacity expansion and modernization of the Indian manufacturing facilities. The capital infusion will be through its subsidiary RHI Magnesita India Ltd.” Mr Borgas added “The Company is looking to modernize the newly acquired assets in India by increasing automation and deploying machinery of international standards. Artificial Intelligence and data-driven digital technologies are being brought to India for improved refractory performance as part of its plans.” RHI Magnesita is into manufacturing and supplying of refractory products, systems, and solutions for industries such as steel, cement, non-ferrous metals, and glass. It recently completed the acquisition of Dalmia OCL and the refractory business of Hi-Tech Chemicals for INR 1,708 crore and INR 621 crore, respectively. The refractory producing capacity of the company is at 500,000 tonne in India, of which 150,000 tonnes remains unutilized capacity ready to serve the additional requirements of the Indian market
PTI has reported that one of the world’s leading suppliers of refractories RHI Magnesita’s CEO Mr Stefan Borgas said that ‘We have earmarked INR 3,600 crore investments in India. This would go towards organic and inorganic capacity expansion and modernization of the Indian manufacturing facilities. The capital infusion will be through its subsidiary RHI Magnesita India Ltd.” Mr Borgas added “The Company is looking to modernize the newly acquired assets in India by increasing automation and deploying machinery of international standards. Artificial Intelligence and data-driven digital technologies are being brought to India for improved refractory performance as part of its plans.” RHI Magnesita is into manufacturing and supplying of refractory products, systems, and solutions for industries such as steel, cement, non-ferrous metals, and glass. It recently completed the acquisition of Dalmia OCL and the refractory business of Hi-Tech Chemicals for INR 1,708 crore and INR 621 crore, respectively. The refractory producing capacity of the company is at 500,000 tonne in India, of which 150,000 tonnes remains unutilized capacity ready to serve the additional requirements of the Indian market
