Key Developments

In June 2023, INTOCAST AG announced its acquisition of EXUS Refractories S.p.A, an Italy-based company, to enhance its production facility with modern technological advancements. This move aims to bolster INTOCAST's portfolio of refractory products.
In April 2023, RHI Magnesita revealed its acquisition of the U.S., India, and Europe operations of seven refractories specialist suppliers, who recorded revenue of USD 110 million and PBT of USD 12 million
In January 2023, RHI Magnesita GmbH completed its acquisition of Dalmia Bharat Refractories Limited's (DBRL) Indian refractory business. This acquisition is anticipated to increase the company's annual production capacity in India by nearly 300,000 tons, improving its position in the Indian market.
In December 2022, Shinagawa Refractories Co. Ltd (Shinagawa) purchased the Brazil-based refractory business and alumina-based wear-resistant ceramics business from Compagnie de Saint-Gobain S.A. (Saint-Gobain) in the U.S. This acquisition is expected to expand Shinagawa's product range in the upcoming years.
In 2022. This acquisition is intended to introduce innovative product categories and technological advancements to enhance consumer offerings.
In October 2021, Intocast acquired Pyrol, a Mexico-based manufacturer and trader of refractory products and casting auxiliaries, to expand its business in the Americas
In September 2021, Plibrico Company, LLC completed the acquisition of Redline Industries, Inc., a leading innovator in furnace protection for high-temperature processing, aiming to offer trusted refractory solutions to customers and broaden Plibrico's product range in the competitive market
In January 2021, INTOCAST and Hüttenwerke Mannesmann (HKM) signed a long-term service contract for all Tundish operations. Under this agreement, INTOCAST will manage all aspects of tundish operations including scheduling, refractory installations, safety and quality standards, logistics, and storekeeping.