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MIRECO acquires Italian refractory recycling specialist Refrattari Trezzi

2024-06-26

Jun. 26, 2024 - MIRECO, the Joint Venture of RHI Magnesita and Horn & Co. Group, is committed to advance the circular economy in European refractories by offering recycled (“secondary”) raw material solutions for Steel and Industrial customers. With the acquisition of Refrattari Trezzi on June 25, 2024, a strategic production facility is added to the plant network of MIRECO. The strengthened presence in Italy will enable an increased supply of high value secondary raw materials and customized services to extend our full-line services portfolio for the customers.


Acquisition of Refrattari Trezzi is another major step towards the decarbonization targets of RHI Magnesita, the world leader in refractories, and its Joint Venture MIRECO, Europe’s leading refractory recycling platform.



“The union of MIRECO and Refrattari Trezzi is a further commitment to our sustainability strategy”, says Constantin Beelitz, Regional President RHI Magnesita Europe, CIS & Türkiye. “By increasing the use of secondary raw material such as stones or mixes throughout the refractory industry, we can significantly reduce CO2 emissions not only within our industry, but also for our customers.”

“Today marks another milestone in the longstanding relationship between Refrattari Trezzi and MIRECO. By joining forces and leveraging our combined Know-How, we will enhance our ability to offer sustainable value to our customers”, says Pietro Trezzi, Managing Director of Refrattari Trezzi.

Refrattari Trezzi is a family-owned company with more than 60 years of experience in refractory recycling and a long-standing relationship with MIRECO and RHI Magnesita. Based in the heart of Italy’s industrial region in proximity to Milan, the company is a well-established and trusted partner to the Italian steel industry, opening up many possibilities for the combined business to provide further value to the Italian market. The current management, Pietro and Giacomo Trezzi, will both join MIRECO to continue managing and integrating the plant.

“With Refrattari Trezzi, we have been able to acquire a specialist with many years of experience in its segment and a long-standing company tradition. We clearly see a growing interest and demand from our customers for sustainable products and solutions. We have listened and are now well positioned to serve our Italian customers with an extended local-for-local product portfolio and services.” says Nenad Tanasic, Managing Director of MIRECO.

About MIRECO

MIRECO (MInerals RECOvery) is the leading European recycling platform for all players in the refractories industry. The goal: to drive the decarbonization of European industries through the circular economy. Supported by a large network of customers and suppliers, MIRECO develops high-quality, high-performance products and solutions that reduce CO2 emissions. This strengthens the circular economy in the European refractories industry and contributes to sustainable development. As a joint brand of the global refractories manufacturer RHI Magnesita and the Horn & Co. Group, and with over 100 years of experience in refractories and recycling, MIRECO is an important player in the circular economy and offers all services and products for a closed raw material cycle. Each recycling concept is individually tailored to the customer's needs and is based on the CERO WASTE approach (Continuous Economic Recycling Optimisation).

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 20,000 employees in 47 main production sites, 8 recycling facilities and more than 70 sales offices. RHI Magnesita intends to leverage its leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefitting from more dynamic economic growth prospects.

The Group maintains a premium listing on the Official list of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the prime segment of the Vienna Stock Exchange (Wiener Börse).
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