GIFA 2019: RHI Magnesita’s Borgas expects further M&A activity in refractories

By Davide Ghilotti
Published: Wednesday, 03 July 2019

The chief executive of major refractories producer RHI Magnesita says that consolidation in the industry is likely to continue.

The refractories industry will continue to consolidate, and more mergers and acquisitions will lead to there being fewer and larger market participants, RHI Magnesita chief executive officer Stefan Borgas said at the GIFA and Metec trade show in Dusseldorf, Germany, last week.

"Bigger entities must be formed," Borgas told reporters...

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