Thursday, 29 August 2013

Globally And China Refractory Material Industry Report 2013: Latest Research Report Available At MarketResearchReports.Biz

 Globally And China Refractory Material Industry Report, 2013

Affected by the factors such as a slowdown in growth rates of downstream sectors like iron and steel, building materials, and glass as well as the reduced demand of refractories for infrastructure construction, China’s refractory materials production in 2012 fell 4.43% over the previous year to 28.1891 million tons, of which, magnesia bricks, magnesium carbon & alumina magnesia carbon, and silica brick dropped sharply, down 15.94%, 8.45% and 8.37% YoY respectively.

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In terms of export in 2012, both volume and value of refractory raw materials fell down, but refractory products broke the 2-million-ton mark again, climbing 4.4% YoY to 2.0397 million tons; export price even increased by 7.08%.

With respect to the product, China has been promoting the development of high-quality energy-efficient unshaped refractories. In 2012, the proportion of unshaped refractories in the total refractories production there firstly exceeded 40%, but compared with industrially advanced countries, the proportion is still lower, the goal is to hit 60% in 2020.  

In addition, R & D of chrome-free refractories are also the focus of industry development. So far, Ruitai Materials Technology, Zibo Luzhong Refractory, etc. in cement kiln refractories, Qinghua Refractories, Zhejiang Jinlei Refractories, etc. in refractories for AOD furnace, Luoyang Institute of Refractories Research (LIRR), Shangyu Zili Corp New Material Co., Ltd (Zili Corp), etc. in refractories for RH furnace have made many successful attempts, followed by vigorous promotion.

As far as enterprises are concerned, China through mergers and acquisitions has had a few competitive refractory companies such as Qinghua Refractories, Puyang Refractories, Ruitai Materials Technology, Beijing Lier High Temperature Materials, Luoyang Institute of Refractories Research, Shandong Refractories Group.

As China’s largest steel refractories company, Puyang Refractories Group Co., Ltd has successively acquired and reorganized Kunming Iron and Steel Refractories, Shanghai Baoming Refractories Co. Ltd., Jiaozuo Bigger Refractories Co., Ltd. and so forth. In the first half of 2013, the company planned to acquire 100% equity in Zhengzhou Hua wei Refractories Co.Lt; the project is now being actively promoted. Once the acquisition comes through, the company will enter the “non-steel” refractory area.  

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In 2011, Ruitai Materials Technology Co., Ltd. acquired 100% stake in Ningguo Kaiyuan Electric Power Wear Resistant Materials Co., Ltd., and also established a joint venture named Zhengzhou Ruitai refractory Materials Technology Co., Ltd. with Henan Huobao Refractory Material Co., Ltd. In 2012, the company acquired 39.76% stake in Hunan Xianggang Yixing Refractory Materials Co., Ltd, and then 42.99% after capital increase in cash; in the same year, it invested RMB120 million in establishment of joint venture – Huadong Ruitai with Yixing Refractory Material Co., Ltd., holding 60% stake.



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