Rath Group

What Rath Group does

RATH Group (RATH AG, Vienna Stock Exchange: RTH) is an Austrian-headquartered refractory manufacturer founded in 1891, specializing in high-temperature materials and systems for industrial processes up to 1,800°C. Its product portfolio spans dense fire bricks, insulating fire bricks, monolithic (unformed) products, pre-cast concrete refractory shapes, high-temperature insulation wool under the ALTRA brand (including ALTRA 1500C, ALTRA 72, ALTRA 97), vacuum-formed shapes under the ULTIFORM brand, and oxide ceramic continuous fibers under the ALTRA-FLEX brand. The company operates 21 production and sales locations across Europe, India, and the USA, serving 7,300+ customers in more than 50 countries, with 7,500+ realized projects over the last 20 years and a workforce of approximately 600 specialists.

The company monetizes primarily through one-time material sales to industrial customers, complemented by professional engineering and aftermarket services under the ECOREF brand — covering planning, installation, construction site supervision, and maintenance & repair. Go-to-market is sales-led via direct technical advisors and website contact channels, targeting enterprise buyers in steel and metal, glass, cement, aluminum, ceramics, energy, chemicals, hot-gas filtration, special furnaces, and domestic fireplaces. Pricing is not publicly disclosed; transactions are scoped per project. RATH holds ISO 9001:2015 certification and is publicly listed on the Vienna Stock Exchange with multiple wholly-owned operating subsidiaries (Aug. RATH jun. GmbH, RATH Sales GmbH & Co.KG, RATH Hungaria Kft, RATH zárotechnika spol. s r.o.).

Recent strategic activity reflects an active capacity build-out: a new continuous-fiber plant in Mönchengladbach, Germany (December 2024) established RATH as Europe's first supplier of oxide ceramic continuous fibers; a joint-venture production facility in Visakhapatnam, India opened in September 2025; the ALTRA 1500C product was launched in February 2025; and DI Dr. Christian Morawetz was appointed COO effective January 1, 2026. Revenue figures were not disclosed in the source data and cannot be reliably extracted from the financials table provided, which appears to contain misaligned or corrupted values.

Name

Rath Group

Legal name

RATH AG

Website

https://rath-group.com

Company type

Public

Founded year

1891

Operating status

Operating

Headcount range

501–1,000 employees

Short description

RATH Group is an Austrian-headquartered refractory manufacturer founded in 1891, producing high-temperature materials and systems (dense bricks, insulation wool, vacuum-formed shapes, continuous fibers) for industrial customers in steel, glass, cement, aluminum, ceramics, energy, and chemicals across 50+ countries.

Ownership category

akta.pro rank

Product category

Refractory Materials

NAICS

Clay Building Material and Refractories Manufacturing (32712), Clay Product and Refractory Manufacturing (3271)

akta.pro primary industry

Refractory Bricks & Firebricks (IMADABAG)

akta.pro secondary industries

Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE), Refractory, Furnace & Kiln Maintenance Services (IMAIACAG)

Keywords

• Refractory materials manufacturing
• High temperature insulation
• Industrial firebricks
• Ceramic fiber products
• Industrial furnace linings

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Refractory Materials Sales: Manufacturing and selling of refractory materials including dense bricks, insulating fire bricks, high temperature wool, vacuumformed shapes, continuous fibers, and monolithics. Product sales constitute the primary revenue stream with a comprehensive portfolio for high-temperature industrial applications.
2. Engineering Services: Technical consulting, planning, installation, construction site supervision, and maintenance & repair services for refractory systems. Services offered under the ECOREF brand.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

RATH manufactures and supplies refractory materials and systems for industrial high-temperature applications up to 1800°C, including dense bricks, insulating firebricks, high-temperature wool, vacuum-formed shapes, monolithics, pre-cast blocks, and oxide ceramic continuous fibers. The company also provides engineering project services covering planning, installation, construction site supervision, and maintenance and repair for industrial furnace and thermal process customers in steel, glass, cement, aluminum, ceramics, energy, and chemical industries.

Product overview

Rath Group is a specialist in modern fireproof technology offering the world's most comprehensive range of refractory materials and systems for high-temperature applications up to 1800°C. The product portfolio includes Dense Bricks, Insulating Fire Bricks, High Temperature Insulation Wool (ALTRA® series), Vacuum-Formed Shapes (ULTIFORM®), Monolithics, Pre-cast Blocks, and Oxide Ceramic Continuous Fiber (ALTRA-FLEX®). These products work together as complete refractory lining solutions for industrial processes in glass, steel, metallurgy, cement, chemical, energy, and ceramics industries. The company also provides project services including planning, installation, construction supervision, and maintenance & repair.

Differentiator

Problem solved

Functional benefit

Brands

• ALTRA: Series of polycrystalline high-temperature insulation wool products, including ALTRA 1500C, ALTRA 72, and ALTRA 97, designed for applications up to 1650°C.
• ULTIFORM
• ALTRA 1500C
• ALTRA 72
• ALTRA 97
• ECOREF
• ALTRAFLEX

Products and services

• Dense Bricks (Dichte Steine) Dense fireproof bricks designed for high-temperature industrial applications requiring mechanical strength and thermal resistance, used in industrial furnace linings.
• Insulating Fire Bricks (Feuerleichtsteine) Lightweight insulating fire bricks offering thermal insulation for industrial furnaces and high-temperature processes.
• High-Temperature Insulation Wool (ALTRA series) High-temperature insulation wool products including the ALTRA series (ALTRA 1500C, ALTRA 72, ALTRA 97) for thermal insulation in steel, metal, and industrial furnace applications up to 1650°C, available as wool, mats, blankets, and modules.
• Vacuum-Formed Shapes (ULTIFORM) Vacuum-formed refractory shapes, including the ULTIFORM product line, providing high-quality thermal insulation for continuous operation up to 1400°C, used in demanding industrial applications.
• Monolithics (Ungeformte Produkte) Unformed refractory products (monolithic refractories) for casting, ramming, and gunning applications in industrial furnace linings.
• Pre-cast Blocks (Betonformteile) Pre-cast concrete refractory shapes customized for specific industrial furnace geometries and thermal requirements.
• Oxide Ceramic Continuous Fiber (ALTRA-FLEX) Oxide ceramic continuous fibers (ALTRA-FLEX) capable of withstanding temperatures up to 1200°C, produced in Europe as the first European supplier of such fibers.
• ECOREF Refractory Engineering Services Project services covering planning, installation, construction site supervision, and maintenance and repair for refractory systems in industrial furnace and thermal process applications.

Quantifiable outcome

• High temperature resistance up to 1800°C
• +2 more outcomes

Named customers1 record

Segments10 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Morgan Advanced MaterialsminorOthers · 1 December 2024Listed alongside RATH as major companies in the ceramic fiber market. Both are key players in the global high-temperature insulation materials market competing in the same industry space.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• HarbisonWalker International: One of the largest North American manufacturers of refractory products and services serving steel, iron, glass, and cement industries. Comparable product portfolio (dense and insulating bricks, monolithics, precast shapes) and similar sales-led technical consultation GTM model.
• Resco Products: Pittsburgh-based refractory manufacturer producing bricks, monolithics, and precast shapes for steel, aluminum, and cement. Similar mid-sized industrial profile with comparable end-market exposure and direct competition in monolithic and pre-cast product categories.
• Morgan Advanced Materials: Global specialty materials company producing ceramic components, thermal insulation, and refractory products for high-temperature industrial applications. Directly comparable to RATH across product overlap in high-temperature wool, ceramics, and engineered thermal solutions; explicitly cited in RATH's market data as a major peer.
• Vesuvius plc: London-listed global leader in refractory products and technical ceramics serving steel, foundry, and glass industries. Comparable as a direct competitor across monolithic and shaped refractories with similar customer segments and global manufacturing footprint.
• Promat (Etex Group): Specialist in passive fire protection and high-performance insulation including calcium silicate boards and microporous insulation. Directly comparable in thermal management solutions for industrial and commercial applications at similar temperature ranges as RATH's portfolio.
• Alkegen (Unifrax): Specialty materials producer of high-temperature insulation fibers, including ceramic and biosoluble fiber products directly competing with RATH's ALTRA and ALTRAFLEX product lines. Comparable technology platform in polycrystalline wool and continuous filament ceramic fibers.
• Pyrotek: Global manufacturer of high-temperature materials serving aluminium, steel, glass, and foundry industries with refractory products, ceramic filters, and thermal insulation. Compares on similar customer verticals and engineered product offering.

Broad incumbents

• RHI Magnesita: Global refractory market leader in steel, cement, lime, and glass applications with a far larger multinational footprint. Overlaps directly with RATH's dense brick and monolithic product lines targeting steel and cement end-markets.
• Saint-Gobain (High-Performance Refractories): Global building materials conglomerate with a refractory and high-temperature insulation division competing with RATH in industrial ceramics and ceramic fiber markets. Overlaps with RATH in high-temperature wool, monolithics, and engineered shapes but operates across a far broader portfolio.

Regional players

• Shinagawa Refractories: Major Japanese manufacturer of refractory bricks, monolithics, and ceramics primarily serving Asian steel and cement markets. Comparable product portfolio though primarily competes in APAC rather than RATH's Europe-centric footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCoXktiXj4EfejfEl2djUXEA
• LinkedInat.linkedin.com/company/rathgroup
• Xx.com/RathGroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rath Group