AO "BOROV REFRACT PLANT" ORD
MMOEX:BKOG24,100.00
RUB
-16,150.00
(-40.12%)
AO "BOROV REFRACT PLANT" ORD
MOEX:BKOG
(Russian Exchange)
Recent
price
24,100.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- AO Borov Refract Plant is an industrial manufacturer specializing in the production and distribution of refractory products, ceramic proppants, and advanced technical ceramic materials. Founded in 1857 and headquartered in Borovichi, Novgorod Oblast, Russian Federation, the company serves heavy industrial markets including ferrous and non-ferrous metallurgy, oil and gas exploration, cement manufacturing, glassmaking, chemical processing, and thermal power generation across Russia, the Commonwealth of Independent States, and broader international markets. The enterprise operates through integrated mining, processing, and manufacturing operations, organized across specialized product divisions: shaped refractory products, including fireclay, chamotte, mullite, mullite-silica, mullite-corundum, corundum, periclase-carbon, and zirconium dioxide-based refractory bricks and blocks; continuous casting refractory systems, including corundum-graphite shroud tubes, monoblock stoppers, and submerged entry nozzles; unshaped refractory materials, comprising refractory concretes, gunning mixes, dry vibratable mixtures, mortars, and thixotropic ramming masses; ceramic proppants engineered for hydraulic fracturing operations in the petroleum sector, sold under proprietary brand names including BORPROP SSP super-strength aluminosilicate proppants for ultra-high-pressure wells, BORPROP RCP and RCP LT resin-coated proppants designed for flowback prevention, and BORSAND high-strength ceramic sands; technical ceramics and specialized items, including reactive alumina, aerated heat-insulating shapes, porous ceramic filtration media, and precision foundry sand molds; and mineral raw materials, encompassing mined and processed refractory clays and kaolins sourced from company-held deposits such as the Malinovskoye quarry. In recent operational and strategic developments, AO Borov Refract Plant has implemented a comprehensive capital modernization program formalized through an investment agreement with the Novgorod Oblast government at the St. Petersburg International Economic Forum valued at over 230 million rubles through 2026. This initiative focuses on domestic import substitution and complex refractory manufacturing, incorporating the installation of high-capacity hydraulic presses, automated robotic production complexes, new production lines for aerated heat insulation and sand molds, and upgraded reactive alumina facilities. Operational enhancements also encompass the ongoing technical re-equipment of the burnt refractory workshop, the reconstruction of electrostatic precipitators on rotary kiln number two, modernization of briquetting and crushing sections, the construction of expanded proppant warehouse and logistics facilities, and commercial site preparation at the Malinovskoye quarry deposit to reinforce raw material independence. The enterprise maintains active strategic technical alliances with furnace engineering firms such as AO Kalugin for blast furnace modernization projects, alongside expanded long-term supply partnerships with major domestic metallurgical corporations including PJSC Magnitogorsk Iron and Steel Works, EVRAZ ZSMK, and Volzhsky Pipe Plant.