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Refractory industry sees more mergers after RHI-Magnesita

By Davide Ghilotti
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...

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