RHI Magnesita and Horn & Co. combine their recycling activities. By taking this step, they increase the production, use and supply of secondary raw materials for the refractories industry.
RHI Magnesita and the Horn & Co. Group announce 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 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.
Increased use of secondary raw materials
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 will process more than 150,000 tons of material per year. "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," explains Stefan Borgas, CEO of RHI Magnesita.
A key feature of Horn & Co. RHIM Minerals Recovery 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.