- In June 2023, INTOCAST AG announced its decision to acquire EXUS Refractories S.p.A, an Italy-based company. This acquisition will help the company strengthen its portfolio of refractory products.
- In April 2023, RHI Magnesita announced its plans to acquire the U.S., India, and Europe operations of Seven Refractories, a specialist supplier of non-basic monolithic refractory with a recorded revenue of USD 110 million and PBT of USD 12 million in 2022. The company has a vast portfolio of various end-use applications across the global market. This acquisition will bring innovative product categories and technological advancements to deliver a major change in consumer offerings.
- In February 2023, Vesuvius Group announced its plans to invest USD 61 million to expand its refractory manufacturing bases across India within three to five years. These investments will bring a 35% increase in the company’s monthly production capacity with the expansion of its plant at the Taratala unit in Kolkata.
- In October 2022, Imerys announced that it would be expanding its production volume, R&D, and sustainability efforts in its manufacturing plant at Visakhapatnam, Andhra Pradesh, India. The company planned to expand its manufacturing capacity from 30,000 to 50,000 tons by 2030. It also continued to invest an additional USD 1.4 million in streamlining its operations to produce the Secar 71. This investment aimed to increase the production of calcium aluminate binder due to the increased demand for this material from the Indian refractory and construction sites.
- In September 2021, Plibrico Company, LLC announced its decision to complete the acquisition of Redline Industries, Inc., a leader in manufacturing innovative products to safeguard furnaces in high-temperature processing and promote higher energy efficiency. This acquisition was expected to support the customers with trusted refractory solutions and allowed Plibrico to expand its product portfolio in the competitive market.
Frequently Asked Questions
Companies such as Saint-Gobain Performance Ceramics & Refractories (PCR) (France), TYK CORPORATION (Japan), Coorstek (U.S.), Refratechnic (Germany), HWI (U.S.), are the major companies in the refractories market.s
The countries covered in the refractories market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.
