The Telegraph has reported that global giant in refractory Vesuvius Group plans to invest INR 500 crore in the next three to five years in its manufacturing plants in India. Vesuvius Group’s CEO Mr Patrick Andre, while speaking at the inaugural function of the factory capacity expansion at the Taratala unit in Kolkata, said “There would be a 35% increase in monthly production capability with operations already kicked off in the expanded plant at the Taratala unit.” Mr Patrick Andre said “We are expanding our plants in India supplying technology-driven products to the steel and foundry industries. Our group’s annual turnover in the country is around INR 1,700 crore. Our company is giving a special focus on organic investment and the research and development wing which is running very well at Visakhapatnam.” Vesuvius India’s Chairman Mr Biswadip Gupta added “With so many new steel plants coming up and existing ones expanding capacity, the demand for black refractories produced by us is on a sharp rise. Tata Steel, JSW, ArcelorMittal, SAIL, and many other steel giants have been using our products for decades.” Vesuvius operates from multiple locations in India including Kolkata, Visakhapatnam, Pune, Pondicherry, and Mehsana.