RHI Magnesita and Horn & Co. Group Announces to Join Forces to Create a Leading Recycling Platform in Europe
March 28, 2022 at 02:30 am EDT
Share
RHI Magnesita and the Horn & Co. Group announced their agreement to combine their recycling activities in Europe to increase the production, use and offering of secondary raw material for the European refractory industry targeting a substantial reduction of CO2 emissions. In the future, the newly created joint venture will operate as Horn & Co.RHIM Minerals Recovery GmbH. This partnership will position the future company at the forefront of the circular economy for customers in the steel, cement, glass and other process industries. As a result, RHI Magnesita's ambitious plans to globally
increase the recycling rate in its products from below three percent in 2020 to more than 10 percent in 2025 can be achieved earlier – marking an important step towards a targeted 15 percent reduction in carbon emissions by 2025.Increased use of secondary raw materials – substantial CO2 reduction Refractory producers such as RHI Magnesita can achieve a saving of 1.8 tons of CO2 for every ton of recycled material used. At the onset, Horn & Co.RHIM Minerals Recovery GmbH will process more than 150,000 tons of material per year. A key feature of Horn & Co.RHIM Minerals Recovery GmbH is the strategically beneficial location of its main plants in and around Siegen in North Rhine-Westphalia, Germany, and Mitterdorf in Styria, Austria. Combined, the two sites are ideally placed to serve customers throughout Europe. RHI Magnesita and Horn & Co. Group will also support the new company to tap into new markets to continuously develop new opportunities in the field of circular economy.
RHI Magnesita NV, formerly Rhi Mag NV, is an Austria-based company engaged in the refractory industry along the whole value chain. The Company mines, produces and sells high-grade refractory products, which are used for industrial high-temperature processes in a wide range of industries, including steel, cement, non-ferrous metals, glass, and energy, environment and chemical. The Company offers over 120,000 products made from magnesite and dolomite, ranging from bricks and lining mixes to flow control products, such as slide gates, nozzles and plugs. The Company operates over 35 production and raw material sites, a number of technology centers, including in Austria, Brazil, China and the United States, as well as over 70 sales offices around the world. In addition to the sale of refractory products and services, the Company sells certain industrial minerals, the mining and production of which are incidental to its production of refractory products.
RHI MAGNESITA N.V. 
