RHI Magnesita India forms JV with Khemka Refractories for recycling facility

Marquee Jv AnnouncedStrategic Transactions View source PDF

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AI summary

RHI Magnesita India (RHIM) is forming a 51:49 joint venture with Khemka Refractories to set up a greenfield refractory recycling facility in Odisha. The JV will focus on recovering and reusing spent refractory materials, supporting circular economy goals. RHI Magnesita will hold 51 percent stake. Deal expected to close in Q3 2026, subject to closing conditions.

Likely market impact

Strategic move into circular economy; aligns with sustainability trends and could strengthen long-term supply chain for refractory raw materials.