The wave of consolidation in Europe’s refractory sector shows no signs of slowing down. Dutch-based Gouda Refractories Group B.V. has announced the acquisition of International Thermal Refractories (ITR), a Lisbon-based manufacturer serving industrial and metallurgical applications.

Gouda Refractories, which became part of Japan’s Shinagawa Refractories Group in October 2024, is recognized as one of the leading producers of high-performance corundum refractories in Europe. By integrating ITR, the company strengthens its presence in the Iberian market and expands its manufacturing footprint within the EU.

According to industry analysts, the deal underscores the accelerating trend of vertical integration and international partnerships between Asian and European producers. As the demand for high-purity alumina and corrosion-resistant linings grows in steel, glass, and energy-intensive industries, European consolidation is expected to further reshape supply dynamics — favoring companies capable of combining advanced R&D with local production capabilities.

This acquisition positions Shinagawa–Gouda as a more dominant player in Europe’s refractory market, bridging Japanese technology with European operational strength and regional customer access.