# Rath Group acquires 33% stake in Avanee Refsol India

Rath Group acquired a 33% stake in Avanee Refsol India and is setting up production in Visakhapatnam, Andhra Pradesh. Production is scheduled to start in early 2025 with an annual capacity of 20,000 tons of refractory products.

- Type: Acquisition
- Announced: 2024-04-05
- Where: Visakhapatnam, Andhra Pradesh, India
- Status: announced
- Capacity: 20,000 tons per year
- Products: refractory products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rath Group](https://endata.com/companies/18826.md) (acquirer)
- [Avanee Refsol India](https://endata.com/companies/76652.md) (target)

## Sources

- [castingssa.com](https://castingssa.com/refractories-manufacturer-rath-acquires-33-stake-in-avanee-refsol-india/), 2024-04-05: "Production is scheduled to start at the beginning of 2025."

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