On Oct 14,2024, MRL&IFGL Joint Venture Agreement Signing Ceremony was held in MRL plant, Taian,County, Anshan City, Liaoning Province, China. The participants include Mr. Jim McIntosh of Managing Director of IFGL group, Mr. Arasu Shanmugam of Director &CEO of IFGL India, Mr. Manoj Rakhecha of CEO of Monocon, Mr. Russel Kingsley of General Manager of Tianjin Monocon, Mr. Chaitannya Kanoria of Commercial Manager, Mr. Lu Yichun of MRL Management President,, Mr. Liu Yanxue of MRL General Manager, Surendra Mishra of MRL VP of Global Sales and MRL management team. The joint venture between MRL and IFGL will select a location in India to construct a 25000ton refractory production line, which will be put into operation in March 2026. Refractory products will serve cement industries, non-ferrous industries, glass industries and chemical gasifier industry. After signing the agreement, MRL management accompanied IFGL guests to visit the MRL Factory and had a pleasant lunch celebration.

       This in-depth cooperation marks that the two sides will work together to explore overseas markets, join forces, and work together to bring high-quality products in the field of refractories to the global market. Through strategies such as product and technical service output, brand building and channel expansion, the two sides of MRL and IFGL will lead the technological progress of the industry and improve the brand's market competitiveness. It has taken a solid first step to realize the global layout and healthy development of MRL, and create a better future for the development of the industry.