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Krosaki targets September 2012 start-up for its new refractory taphole clay plant in India, a claylike refractory material used to fill a blast furnace taphole. Q1 profits drop
Krosaki Harima Corp. (KHC) plans to build a 200m. rupees ($4.3m.) plant in India to produce refractory taphole clay - a claylike refractory material used to fill a blast furnace taphole (see panel).
Krosaki explained that the plant will be located within TRL Krosaki Refractories Ltd's (TKRL; formerly Tata Refractories Ltd) main factory in Belpahar, in Odisha, India.
The development is in order "to accommodate the expected growth in refractory demand as the steel output of India increases".
The new plant is targeting 18,000 tpa tar mud and resin clay, with production expected to start from September 2012.
The construction will be realised through a joint venture with IFGL Refractories Ltd, an Indian refractory manufacturer in which KHC has a stake.
"The joint venture would be dissolved upon the commencement of the mud plant construction at TKRL," Krosaki commented.
The Japanese company plans to "continue to pursue strategic business development in collaboration with TKRL and seek sales expansion not only in India but also in Europe, Southeast Asia and other overseas markets".
TRL namechange
Tata Refractories Ltd (TRL), India's leading refractories producer, has now changed its name to TRL Krosaki Refractories Ltd (TKRL) as a result of its acquisition by Japan's Krosaki a few months ago.
KHC acquired 51% of the outstanding shares in TLR from Tata...