Refractory industry sees more mergers after RHI-Magnesita
Published: Wednesday, 19 October 2016
RHI and Magnesita’s proposed merger into a global company with presence over three continents has been a hot topic in the sector, as industry participants predict consolidation is inevitable in the shrinking market.
The news of a merger between Austrian and Brazilian
refractory products manufacturers RHI AG and Magnesita GP has
not come as a surprise to market operators, with several
suggesting that consolidation in the sector will continue.
"Refractories is a shrinking market: everything is getting
bigger, everything is consolidating," one contact...