Top Industry Leaders in the Refractories Market
Refractories Market
November 2023- Birla Tyres will resurface on Indian roads a year from now, courtesy of the new owners of the company and the brand — Himadri Speciality Chemicals Ltd and Dalmia Bharat Refractories. The consortium of Himadri and Dalmia took physical possession of the plant and machinery of Birla Tyres at Balasore, Odisha, on Tuesday after closing the transaction with the creditors of the ailing tyre maker. According to the resolution plan approved by the National Company Law Tribunal, the consortium partners paid Rs 306 crore to the creditors and acquired control of Birla Tyres within 15 days of the pronouncement of the order. Anurag Choudhury, chairman and managing director of Himadri, told The Telegraph that the company will roll out tires for commercial and passenger vehicles a year from now under the well-established brand name of Birla Tyres. Birla Tyres, which was once part of the famed BK Birla empire before slipping into insolvency, will be a subsidiary of Calcutta-based Himadri, which claims to be the third largest producer of carbon black, a key ingredient in tyre making. He further added that it will be Birla Tyres by Himadri. Himadri will be the majority owner in the consortium, which is in the process of assessing the condition of the Balasore plant. The investment required to restart the unit that was closed for more than 30 months will be known following a detailed assessment after a month.
Key Companies in the Refractories market includes
- RHI Magnesita GmbH
- Saint-Gobain
- Imerys
- Morgan Advanced Materials
- Shinagawa Refractories Co., Ltd.
- CoorsTek Inc.
- Krosaki Harima Corporation
- HarbisonWalker International
- INTOCAST
- Chosun Refractories Eng. Co. Ltd among others