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Investing.com -- RHI Magnesita and BPI, Inc. have announced a joint venture aimed at expanding circular economy initiatives and accelerating sustainability across North America.
The partnership combines RHI Magnesita’s global refractory expertise with BPI’s U.S. infrastructure, local sourcing, and technical processing capabilities. This collaboration will create a platform for innovation in circular raw material processing and recycling, enhancing sustainability in the refractory industry, which serves cement, steel, aluminum, and other industrial producers in North America.
The joint venture will leverage 20 plant locations across multiple states including Pennsylvania, Ohio, Missouri, North Carolina, Alabama, California, Indiana, Oklahoma, and Canada. This strategic positioning allows for locally sourced products and shorter supply chains.
The combined companies will offer technical and analytical services, access to domestically sourced circular raw materials, and customized solutions through expert sales teams. In-house R&D teams will work together to develop solutions that improve safety, endurance, and efficiency while reducing carbon footprint.
"This joint venture is more than a partnership; it’s a bold step toward redefining industry standards for sustainable sourcing and material recovery," said Craig Powell, Regional President, North America, RHI Magnesita.
Joe Quigley, BPI President, added, "At BPI, we are committed to providing high-quality mineral products. Partnering with RHIM will expand our portfolio and enhance our efforts to offer circular solutions."
The joint venture is subject to customary closing conditions and is expected to be completed in the second half of 2025.
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