RHI Magnesita announces additional upgrade investment of Euro300m

Brazil: Refractory products supplier RHI Magnesita has announced a raft of investments totalling Euro300m in addition to its annual Euro120m maintenance expenditure. The investment will cover projects in all its operating regions, including a new raw materials plant in Austria and ‘significant’ expansions to its Contagem complex in Brazil and Cuttack non-basic brick plant in India. It further stated that it will ‘build secondary raw material sorting, cleaning and production capabilites’ to absorb waste streams.