RHI Magnesita advocates for refractory raw material supply security
ECONOMY & POLICY

RHI Magnesita advocates for refractory raw material supply security

RHI Magnesita, the global leader in the manufacturing and supply of refractory products, systems, and solutions, has appealed to the Government of India for strategic policy initiatives to diversify the sourcing of critical refractory grade minerals to ensure raw material supply security for the sustainable growth of the country. This was pressed upon by Gustavo Franco, Chief Customer Officer of the company, during the India-Austria Business Meet held recently as part of Prime Minister Narendra Modi's visit to the Austrian capital, Vienna. The company has also requested policy measures to restrict the environmentally harmful landfilling of used refractories and to promote recycling, which in turn ensures the availability of secondary raw materials for the industry and contributes towards building a circular economy.

Parmod Sagar, Managing Director and CEO of RHI Magnesita India Ltd. said, "Refractory products and solutions are critical for production of steel, cement, glass, aluminium, energy and all such products that require high temperature manufacturing processes. India, purely for geological reasons, lacks domestic sources for critical raw materials like refractory grade Magnesite and Alumina. With very high import dependency, it is imperative to have a diversified sourcing network for supply security to ensure long term sustainability of the Make in India drive."

India is already a pioneer in recycling in the refractories sector due to its low reserves of raw materials. However, there is still enormous potential, as thousands of tonnes of used but valuable refractory material is thrown into landfills. Landfilling is not only extremely damaging to the environment, but it also results in the enormous waste of precious raw materials. The company has asked for preventive policy measure on landfilling. This would protect the environment, level up the reuse of important raw materials and push recycling. The entire industry - including the steel industry in India would improve CO2 footprint while ensuring further raw-material security through circular economy solutions.

Parmod reiterated that RHI Magnesita India is fully aligned with PM Modi's Atmanirbhar Bharat vision and will continue playing a crucial role in India's growth story. The company has committed approximately 400 mEur (Rs 3600 Cr) of phased investment by FY 2026 to build and modernize its production capacity in India. Out of this, it has spent about 300 mEur in last 2 years in India for building local capacity. It now has more than 500,000 tons of local refractory production capacity in India.

RHI Magnesita, the global leader in the manufacturing and supply of refractory products, systems, and solutions, has appealed to the Government of India for strategic policy initiatives to diversify the sourcing of critical refractory grade minerals to ensure raw material supply security for the sustainable growth of the country. This was pressed upon by Gustavo Franco, Chief Customer Officer of the company, during the India-Austria Business Meet held recently as part of Prime Minister Narendra Modi's visit to the Austrian capital, Vienna. The company has also requested policy measures to restrict the environmentally harmful landfilling of used refractories and to promote recycling, which in turn ensures the availability of secondary raw materials for the industry and contributes towards building a circular economy. Parmod Sagar, Managing Director and CEO of RHI Magnesita India Ltd. said, Refractory products and solutions are critical for production of steel, cement, glass, aluminium, energy and all such products that require high temperature manufacturing processes. India, purely for geological reasons, lacks domestic sources for critical raw materials like refractory grade Magnesite and Alumina. With very high import dependency, it is imperative to have a diversified sourcing network for supply security to ensure long term sustainability of the Make in India drive. India is already a pioneer in recycling in the refractories sector due to its low reserves of raw materials. However, there is still enormous potential, as thousands of tonnes of used but valuable refractory material is thrown into landfills. Landfilling is not only extremely damaging to the environment, but it also results in the enormous waste of precious raw materials. The company has asked for preventive policy measure on landfilling. This would protect the environment, level up the reuse of important raw materials and push recycling. The entire industry - including the steel industry in India would improve CO2 footprint while ensuring further raw-material security through circular economy solutions. Parmod reiterated that RHI Magnesita India is fully aligned with PM Modi's Atmanirbhar Bharat vision and will continue playing a crucial role in India's growth story. The company has committed approximately 400 mEur (Rs 3600 Cr) of phased investment by FY 2026 to build and modernize its production capacity in India. Out of this, it has spent about 300 mEur in last 2 years in India for building local capacity. It now has more than 500,000 tons of local refractory production capacity in India.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App