RHI Magnesita, a leader in refractory products, systems and services essential for high-temperature industrial processes, and Horn & Co. Group have announced an agreement to combine their recycling activities in Europe.
Their goal is 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.
According to RHI Magnesita, the 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 plans to globally increase the recycling rate in its products from below 3% in 2020 to more than 10% in 2025 can be achieved earlier – marking an important step towards a targeted 15% reduction in carbon emissions by 2025.
“By increasing our focus in this key area, we will make a significant contribution to the global climate protection. We will conserve natural resources while at the same time expanding our business.”
Stefan Borgas, CEO of RHI Magnesita
“By increasing our focus in this key area, we will make a significant contribution to the global climate protection. We will conserve natural resources while at the same time expanding our business,” explained Stefan Borgas, CEO of RHI Magnesita. “With the combination of the recycling activities, RHI Magnesita and Horn & Co. Group become the driving force of circular economy in the refractory industry. Going forward, refractory users will benefit from increasing circular economy solutions included in our full line service contracts and customers of Horn & Co. RHIM Minerals Recovery GmbH will be able to source sustainable and high-quality raw materials.”
Together, we can achieve even greater effectiveness and market stability for our recycling raw materials and resulting products.''
Argjend Kameraj, CEO at the Horn & Co. Group
"As a trusted partner for many years, RHI Magnesita has all the necessary resources that a sustainability driver in this industry needs. RHI Magnesita and Horn & Co. Group complement each other excellently in their core competencies. Together, we can achieve even greater effectiveness and market stability for our recycling raw materials and resulting products. In this way, we want to develop new technologies together and offer the zero-waste concept to a wider range of customers - and thus shape the future of Europe's industry in a more sustainable way," Argjend Kameraj, CEO at the Horn & Co. Group, added.