RHI Magnesita India has established a new R&D center in India. This is the fifth R&D facility in the company’s global R&D network after Leoben (Austria), Contagem (Brazil), Dalian (China) and York (United States). The company has also committed a Rs 400 crore investment to expand its India production capacity.
The company has earmarked a phased investment plan of Rs 400 crore to increase production capacity of its existing plants in India at Bhiwadi (Rajasthan), Vizag (Andhra Pradesh) and Cuttack (Odisha). The investment would go towards brownfield expansion and automation of these facilities.
RHI Magnesita India is the leading supplier of high-grade refractory products, systems and solutions 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.
| Company Name | CMP |
|---|---|
| RHI Magnesita | 401.45 |
| Vesuvius India | 497.75 |
| IFGL Refractories | 172.90 |
| Orient Ceratech | 41.63 |
| Foseco Crucible Ind | 1497.25 |
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