Refratechnik Starts State-of-the-Art Plant in India
Refratechnik Group/DE 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 non-ferrous sectors for the last 30 years sourcing from its various manufacturing locations all over the world. To meet call of the Indian government “AatmaNirbhar Bharat” (self-reliance India) and to meet the requirement in a more strategic and structured way – to cut down the lead times, to be in proximity advantage
to the customers – Refratechnik Group invested over EUR 30 million in India in a logical strategic location on eastern part of India, Andhra Pradesh/Visakhapatnam. It has put up a state-of-the-art greenfield plant to produce MACARBON®, magnesiacarbon refractories, to meet the demands of steel customers and high-alumina monolithic plant to meet the requirements of steel, cement and non-ferrous industrial customers. The plant generates employment of more than 300 people in short run and plus 400 people in the long run. This is the beginning of Refratechnik Group’s plans for its future expansion and strengthening of its base in India. This would not only help its esteemed customers in India, but also its customers in South East Asia, near Middle East in cutting down lead times.