08.01.2023, 1099 Zeichen

RHI Magnesita: RHI Magnesita announced the completion of the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL) via a Share Swap Agreement. Consequently, Dalmia OCL Limited (DOCL), the Indian refractory business of DBRL, stands as a 100% subsidiary of RHI Magnesita India Limited, effective the same day. DOCL is one of India’s leading refractory players and a long-term trusted partner to customers in the region. Stefan Borgas, CEO of RHI Magnesita, said: “The integration of DOCL into our RHI Magnesita India business will result in us further strengthening our position as a responsible market leader in India, building it as the growth hub for the wider region. We are investing in technological advancement across the value chain to make our network in India more modern and sustainable. The integration will open opportunities for us to create a talent pool in India that is ready to serve the global refractory industry.”
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(From the 21st Austria weekly https://www.boerse-social.com/21staustria (06/01/2023)

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