Kerneos to Make Industrial Investment in Calcium Aluminate Production
This plant will accompany the increasing demand of high performing products for the refractory market to sustain the growth of the Indian steel industry. Magus Marketing Private Ltd, a well established player in the distribution of refractory materials in India, will be partner in this project. A green field sintering unit of 30 000 t/a capacity dedicated to the manufacture of calcium aluminate cements for the refractory application is being built to produce a range of high quality products specifically designed for the Indian market needs. This plant will be set-up in the area of Visakhapatnam city (Vizag) in Andhra Pradesh. The efficient access to the refractory manufacturers, the vicinity of Vizag harbour and the support of the local authorities were some of the reasons of the selection of this location. This two year project and USD 20 million investment was initiated in collaboration with an Indian engineering company, with the objective to start the production in the course of 2013. Approximately 60 employees will be recruited to manage and operate the plant (08/2011).