# RHI Magnesita invests €23M in Urmitz plant modernization

RHI Magnesita is investing €23 million over two years to digitalize and modernize its Urmitz plant, expanding it as a hub for non-basic refractory products, increasing production volume and energy efficiency by 10%.

- Type: Investment
- Announced: 2021-03-29
- Where: Urmitz, Germany, Germany
- Value: $27.0M (23.0M EUR)
- Status: announced
- Products: non-basic refractory products (bricks, masses)
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [RHI Magnesita](https://endata.com/companies/17934.md)

## Sources

- [prozesswaerme.net](https://prozesswaerme.net/wirtschaft-und-unternehmen/rhi-magnesita-modernisiert-standort-in-urmitz-mit-23-millionen-euro/), 2021-03-29: "Die bedeutende Investition in diesen europäischen Standort ist wegweisend und wird neben der Produktivität insbesondere die Produktqualität und Lieferzuverlässigkeit für alle Märkte weiter stärken."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.