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World News | RHI Magnesita Eyes USD 1 Bn Revenues from India, Middle East, Africa Region: CEO Stefan Borgas

Get latest articles and stories on World at LatestLY. RHI Magnesita is eyeing a USD 1 billion revenue from India, Middle East, and Africa region, the company's global CEO Stefan Borgas has said. World News | RHI Magnesita Eyes USD 1 Bn Revenues from India, Middle East, Africa Region: CEO Stefan Borgas.

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RHI Magnesita India plans to invest 333 crore for expansion and tech upgrades

RHI Magnesita India , a prominent refractory company, recently unveiled a major investment plan of 333 crore for.

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Refractory maker RHI Magnestia bets big on outlier India amidst global slowdown

Refractory maker RHI Magnestia bets big on outlier India amidst global slowdown
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acquisitions: RHI Magnesita India aims to garner 40% refractories market share in four years backed by acquisitions, fresh capex

In an interview with PTI, Parmod Sagar, MD & CEO of RHI Magnesita India, said, "the steel sector is in a bullish phase, and steel majors expect India to add at least another 120 million tonnes of capacity over the next seven years. "We remain the most reliable refractory partners for steel makers due to our backward integration support from our global parent. We have alternate raw material sources in case the China supply chain gets disrupted."

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RHI Magnesita reports continued momentum in first quarter

Refractory specialist RHI Magnesita said in an update on Friday that its momentum of improving EBITA and margins continued through the first quarter, despite lower sales volumes, which were in line with management expectations and overall market demand.

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