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The newly inaugurated mould flux manufacturing plant in Visakhapatnam is the first among the three new plants to be operational in 2024.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Vesuvius India Ltd, part of Vesuvius Group, plans to invest around Rs 1,000 crore in India over the next few years. The company has also inaugurated a new mould flux manufacturing plant in Vishakapatnam to meet increased demand for flux, a crucial component for steel plants. The plant is the first of three new facilities expected to be operational in 2024.

Get latest articles and stories on Latest News at LatestLY. Vesuvius India Ltd, a part of the UK-based refractory maker Vesuvius Group, on Thursday said it plans to invest around Rs 1,000 crore in the country over the next few years. Latest News | Vesuvius Group to Invest Rs 1,000 Cr in India in Next Few Years.

Pune, India, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The global refractories market size was valued at USD 32.98 billion in 2022 and is projected to grow from USD 34.46 billion in 2023 to USD 47.09 billion by 2030, exhibiting a CAGR of 4.6% during the forecast period. Refractory products are advanced materials capable of withstanding corrosion, thermal & mechanical abrasion, and high temperatures. Some industries use refractories as consumables, including steel and other metals. Growing steel consumpt