Rath Group acquires 33% stake in Avanee Refsol India as part of its Evolution 2030+ strategic growth plan. Production is being set up in Visakhapatnam (state of Andhra Pradesh) together with the partners of Avanee Refsol.
Production is scheduled to start at the beginning of 2025. An annual capacity of 20,000 tons of refractory products is projected in a two-stage plan.
Luthra and Luthra Law Offices India advised Rath AG in this transaction.
The transaction team consisted of Jay Parikh (Partner) and Saranya Lal (Associate).
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