Top Industry Leaders in the Magnesium Oxide Market
April 2023
RHI Magnesita revealed today that it has acquired Seven Refractories' businesses in Europe, India, and the United States. This purchase will enhance RHI Magnesita's current non-basic refractories portfolio and create new potential for the advancement of low CO2 emitting industrial technologies.
In addition to iron and steel, cement, aluminium, and non-ferrous metals, Seven Refractories is a specialist supplier of non-basic monolithic refractory mixes with a wide range of uses. With the development of new low CO2 emission production methods within RHI Magnesita's core customer industries, non-basic refractory mixes are anticipated to gain more significance. From low temperature fireclay to ultra-high temperature zircon mixes, high-grade alumina mixes, and sustainable taphole clay with a reduced CO2 footprint, Seven Refractories offers a variety of products.
It is anticipated that the acquisition will be highly complementary to the Group's current non-basic portfolio and allow RHI Magnesita to offer a wider variety of non-basic refractory mixtures. Cross-selling opportunities, logistical enhancements, enhanced recycling usage, procurement efficiency, and low capital intensity brownfield expansion projects are used to seek attractive potential synergies.
June 2023
Akdeniz Mineral Kaynaklari A.S. (AMK), a subsidiary of Grecian Magnesite, won an engineering, procurement, and construction (EPC) contract to put in a new rotary kiln at its Kümbet factory.