RHI Magnesita, Khemka Refractories complete JV, launch MINPRO

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AI summary

RHI Magnesita India and Khemka Refractories have completed their joint venture, launching MINPRO, a dedicated refractory recycling business in India. Headquartered in Odisha, in the heart of India's steel-producing region, MINPRO will recover, process, and reuse spent refractory materials. The JV combines RHI Magnesita's global recycling expertise with Khemka's local operations and customer network. Led by Jyotirmoy Bhattacharjee as CEO, MINPRO aims to strengthen supply security and advance circular mineral solutions for high-temperature industries.

Likely market impact

Positive long-term move into circular economy and refractory recycling. Strengthens supply chain resilience and aligns with sustainability strategy.