RHI Does Not Exclude Shutdowns

IndustrialsIndustrial Goods ♦ Published: August 9, 2012; 16:40 ♦ (Vindobona)

The Austrian manufacturer of refractory products faces capacity problems in the steel sector. Investments may be cut.

RHI Does Not Exclude Shutdowns / Picture: © RHI AG

At the moment, short time work is no issue, CEO Franz Struzl says. If the crisis sharpens, investments may be cut, however. Struzl explains that the steel segment has capacity problems at the moment. “If the crisis sharpens, we will reduce investments and shut down factories.“

This week, RHI published its results for the first six months. Revenues were up by 7.3% to € 913m.…

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