Mumbai, June 27 -- RHI Magnesita has recently announced a strategic joint venture with Khemka Refractories to develop a greenfield refractory recycling facility in Odisha. The partnership aims to strengthen circular economy practices in India's refractory sector by recovering, processing and reusing spent refractory materials.
The proposed facility will be located close to key steel production and industrial manufacturing clusters in eastern India. It will support growing demand for closed-loop sustainable solutions by creating an integrated recycling supply chain and improving access to high-value secondary raw materials.
The joint venture will combine RHI Magnesita's global recycling expertise with Khemka Refractories' regional manufacturing base, supplier network and operational capabilities. The platform is expected to reduce dependence on virgin raw materials, improve resource efficiency and help lower carbon emissions across industrial value chains.
Under the agreement, RHI Magnesita will hold a 51 per cent stake in the joint venture, while Khemka Refractories will hold the remaining 49 per cent. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2026."
Published by HT Digital Content Services with permission from Construction World.