IFGL to spend $2 m to double capacity at Kandla, Ohio units.

IFGL Refractories is planning to double capacity at Kandla in Gujarat and Ohio in the US, which it owns through a wholly-owned subsidiary.

Both the facilities produce continuous casting refractories, used mainly in steel plants. IFGL is a refractory supplier to steel plants. The expansion will cost an estimated $2 million (a little over Rs. 12 crore) and will be funded through internal accruals. The project is scheduled to be initiated this year.

According to a company spokesperson, following the expansion, the capacity of the Kandla unit will stand at approximately 144,000 pieces a year. The annual capacity at the Ohio facility will touch 180,000 units.

Currently, IFGL has continuous casting refractory manufacturing facilities in Kandla (Gujarat) and Rourkela (Odisha); and another in the US with a total annual capacity of approximately 450,000 pieces.

This apart, its other refractory units are based out of China, Brazil, the UK, Germany and a second plant in the US. Two units in Taiwan and Czech Republic have been closed down.

HBL