RHI Magnesita India & Khemka Refractories Form JV for Odisha Facility

AI Summary

RHI Magnesita India Ltd. has announced a strategic joint venture with Khemka Refractories Pvt. Ltd. to establish a greenfield refractory recycling facility in Odisha, India. This collaboration aims to accelerate circular economy principles by focusing on the recovery, processing, and reuse of spent refractory materials. The facility will enhance resource efficiency, reduce dependence on virgin raw materials, and contribute to lower carbon emissions. RHI Magnesita will hold a 51% stake, with Khemka Refractories holding 49%. The JV is expected to close in Q3 2026, strengthening India's refractory recycling ecosystem and supply chain resilience.

Key Highlights

JV formed with Khemka Refractories for greenfield recycling facility in Odisha.
Focus on accelerating circular economy and reducing reliance on virgin raw materials.
RHI Magnesita to hold 51% stake; JV expected to close in Q3 2026.
Aims to enhance resource efficiency and lower carbon emissions in the refractory sector.

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Rhi Magnesita India Ltd

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