Cement News tagged under: Dalmia Bharat Refractories
RHI Magnesita acquires Dalmia Bharat Refractories Ltd22 November 2022, Published under Cement NewsRHI Magnesita announces the acquisition of the Indian refractory business of Dalmia Bharat Refractories Ltd (DBRL) via a share swap agreement, in exchange for 27 million shares in RHI Magnesita India Ltd, a 70 per cent owned subsidiary of the group. DBRL is one of the leading refractory producers in India with approximately 1200 employees and production capacity of over 300,000tpa, from five refractory plants and raw material sites. Commenting on the acquisition, Stefan Borgas, CEO of R... |
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