RHI Begins to Downsize in Europe

People ♦ Published: October 18, 2012; 17:28 ♦ (Vindobona)

The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.

RHI Begins to Downsize in Europe / Picture: © RHI AG

In the long term, the main production will not take place in Europe anymore, RHI´s CEO Franz Struzl explains. As a result, the production locations will shift in the future, Struzl says.

Regarding the main commodity magnesite, RHI plans to become self-sufficient in the medium term. At the end of the year, the coverage comes at 80%.

In the long term, Russia is a future…