IFGL Refractories inaugurated its state of the art research centre in Kalun… 2023-11-27

Nov. 25, 2023 - IFGL, the largest Indian owned multi-national refractories company, unveiled its Research Centre in Kalunga, Odisha, on 24th November, 2023 in the presence of Shishir Bajoria, Chairman, IFGL Refractories Limited and James McIntosh, Managing Director, IFGL Refractories Limited. The state of the art facility provides IFGL a world class capability to complete f…

RHI Magnesita expands presence into Monterrey, Mexico 2023-11-22

Nov. 21, 2023 - RHI Magnesita, the leading global supplier of refractory products, systems, and solutions, is pleased to announce its expansion into Monterrey, Mexico with the addition of a customer service hub. “We are proud to be expanding into Monterrey and showcasing our brand in this new area. We’re confident that the addition of the team in this office will support our focus on pro…

SAIL plan to add 15 million mt per year capacity in first phase 2023-11-21

Nov. 21, 2023 - Indian government-run steel producer Steel Authority of India Limited (SAIL) is working on a plan to increase installed capacity by 15 million mt per year in a first phase, adding to its current installed capacity of 20 million mt per year, company chairman Amarendu Prakash said in a statement on Monday, November 20. “The plan has already been kicked off for us t…

IFGL Refractories sees 95% rise in net profit in Q2 FY 2023-24 2023-11-20

Nov. 20, 2023 - India’s IFGL Refractories Limited (IFGL) has reported a net profit of INR 380 million ($4.56 million) in the second quarter (July-September) of the fiscal year 2023-24, up 95.37 percent year on year, according to a regulatory filing on Monday, November 6. The company reported a total income of INR 4.59 billion ($55.15 million) during the quarter, up 32.93 percent…

Fiven ASA releases third quarter results 2023 2023-11-20

Nov. 2, 2023 - Fiven ASA has released third quarter results 2023 with highlights as below: 1. The total revenues in Q3 2023 reached EUR 34.5m representing a reduction of -23.2% versus Q3 2022. This is sequentially down from the reported EUR 40.7m in Q2 2023. 2. The adjusted EBITDA was EUR 9.7m, versus EUR 14.0m in Q3 2022 (-30.7%). Q2 2023 Adjusted EBITDA was EUR 12.4m. …

ArcelorMittal to halt operations at Brazilian plant 2023-11-17

Nov. 17, 2023 - Jefferson De Paula, president of the Brazilian arm of ArcelorMittal, said that the company will stop operations of its Resende plant, located in the state of Rio de Janeiro, granting collective vacations of the 400 workers of the plant. De Paula added that they will have technical stoppages in different units of the country, anticipating maintenance operations, as…

Imerys expands its presence in China to better serve electric vehicle polym… 2023-11-08

Nov. 6, 2023 - Imerys has invested €43m in a state-of-the-art specialty mineral polymer additive plant in Wuhu, China. The plant will leverage Imerys’ mineral expertise to provide the Chinese market with a local source of its high-end specialty talc solutions to meet growing demand for mineral reinforcement additives for lightweight automotive plastics. Imer…

Refratechnik starts state of the art plant in India 2023-11-08

Nov. 8, 2023 - Refratechnik Group has been expanding its business operations to meet the global requirements of customers. India is one of the fastest growing economies in the world. The country is the second largest producer of steel and one of the largest producers of Aluminium metal. Refratechnik has been supplying its high quality products to its customers in cement, steel, and nonferro…

Ignition ceremony of Riedhammer’s tunnel kiln at Steuler 2023-11-07

Nov. 7, 2023 - After the Steuler Group had purchased from Riedhammer a new high-temperature tunnel kiln for the production of ceramic materials in Höhr-Grenzhausen in 2022, the next step followed on October 19, 2023. The 80m long tunnel kiln, which will operate at firing temperatures between 1,430 and 1,650 °C, was ceremoniously ignited during a legendary ignition celebration w…

RHI Magnesita India targets 40% refractories market share in 4 year 2023-11-07

Nov. 3, 2023 - RHI Magnesita India plans to invest Rs 200-300 crore in modernising the five Dalmia plants over the next three years to meet world-class standards. RHI Magnesita India, a major refractory producer, has set an ambitious goal of securing 40 per cent of the refractories market within the next four years. This endeavour is underpinned by strategic acquisitions and substa…

IFGL Refractories reports Q2 FY24 results ended September 30, 2023 2023-11-06

Nov. 4, 2023 - IFGL Refractories Limited reported earnings results for the second quarter and six months ended September 30, 2023.  For the second quarter, the company reported sales was INR 4,555.2 million compared to INR 3,430.8 million a year ago. Revenue was INR 4,594.6 million compared to INR 3,456.4 million a year ago. Net income was INR 380 million compared to INR 194.5…

Furnotherm completes Sevam glass furnace project 2023-11-06

Nov. 6, 2023 - Furnotherm has completed a container glass project for Sevam ahead of schedule. Sevam is a container and tableware glass manufacturer based in Morocco, North Africa. The Indian furnace engineering company was tasked with rebuilding Sevam’s 210 tpd container glass furnace in 34 days. As well as the installation of the complete refractories and partial …

RHI Magnesita announces new business vertical for the Indian iron making in… 2023-11-04

Nov. 3, 2023 - RHI Magnesita, the global leader in manufacturing and supplying high-grade refractory products, systems, and solutions, today announced that it has set up a new business vertical to service the Indian iron making industry. This announcement was made during the inaugural conference on “Emerging Refractory Technologies in IF, DRI, and Pellet Making – Challenges and Opportunit…

Chosun Refractories invests waste-to-energy plant in northern Vietnam 2023-11-03

Nov. 3, 2023 - A plant that treats domestic solid waste and industrial waste to generate electricity was inaugurated in Phu Lang village, northern Bac Ninh province. This is the first private waste-to-energy plant in Vietnam which was invested by Green Star Environmental Company Limited of Vietnam in collaboration with Chosun Refractories ENG Co., Ltd. and SK Ecoplant from t…

Almatis ramps up calcined alumina production capacity in North America 2023-11-03

Nov. 3, 2023 - Almatis, a global leader in alumina solutions, is pleased to announce a substantial investment to increase the capacity of calcined alumina production in North America. The project is designed to boost primary calcined alumina production capacity at its Benton, Arkansas plant. This initiative underscores Almatis' commitment to meeting the increasing demands of its valued custom…