Affected by the factors such as
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 siliceous 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 is 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.
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.
In December 2012, Beijing Lier High
Temperature Materials finalized its mergers and acquisitions of Jinhong Mining
and Liaoning Zhongxing Mining Group, with transaction amount of about RMB669
million. Jinhong Mining is mainly engaged in magnesite mining, possessing
Wangguangchang magnesite mine in Mafeng Town, Haicheng City, Liaoning Province.
Liaoning Zhongxing chiefly produces shaped refractory products and unshaped
refractories, with annual production of 250,000 tons of shaped and unshaped
series products.
According to the Opinions on
Promoting the Healthy Development of Refractory Industry issued by the MIIT
(Ministry of Industry and Information Technology) in February 2013, China will
continue to promote joint reorganization and enhance industrial concentration
in the future; form 2~3 internationally competitive enterprises and create a
number of new industrialization demonstration bases, with industrial concentration
of the top ten companies reaching 25% by 2015; up to 45% by 2020.
Furthermore, mergers and
reorganizations among international refractory companies have never ceased,
either; till now, leading players like Vesuvius, RHI, Magnesita, Krosaki-Harima
have emerged. By the end of 2012, the world’s top ten refractories enterprises
had conducted operations in China.
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