Vienna-based RHI Magnesita is investing Rs 3,600 crore in India over the next two-three years for ramping up production capacity and implementing plant modernisation plans. The company plans to acquire two refractory assets in India.

The capital infusion will be utilised towards organic and inorganic growth and will be led by the company’s subsidiary RHI Magnesita India. Further plans include maximising automation and deploying machinery of international standards for its newly acquired assets in India.

RHI Magnesita India manufactures and supplies refractory products and solutions for steel, cement and other industries. It recently acquired Dalmia OCL and the refractory business of Hi-Tech Chemicals.

The refractory building capacity of the company is at five lakh tpa, of which 1.5 lakh tpa is unutilisedand is planned to adequately serve the requirements of the Indian market.