IFGL Refractories is looking to expand the capacities of its Kandla unit located in Gujarat and its Ohio unit 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 and is planning to expand the capacities of both its units with an investment of about $2 million (approx Rs 12 crore), which will be funded through internal accruals.

The project is expected to commence this year.

After the expansion, the capacity of the Kandla unit will stand at approximately 1,44,000 pieces a year, while the annual capacity of the Ohio facility will reach 1,80,000 units.

At present, the company has continuous casting refractory manufacturing facilities in Kandla (Gujarat) and Rourkela (Orissa); and another in the US. The total annual capacity of these units is approximately 4,50,000 pieces.

Apart from this, IFGL’s other refractory units are located in China, Brazil, UK, and Germany, and it has another plant located in the US.