RHI Pursues Growth Strategy in India

Businessn.a. ♦ Published: April 21, 2012; 15:33 ♦ (Vindobona)

The Austrian RHI AG, the world’s biggest maker of fireproofing ceramics, is pursuing a takeover in India and may start a joint venture in Russia to expand its global reach.

RHI Pursues Growth Strategy in India / Picture: © RHI AG

The company is in initial talks with the biggest shareholders of a public company in India, Chief Executive Officer Franz Struzl told reporters. “Due diligence may start in the third quarter,” with a decision by the end of the year, he said.

The company, which already has one joint venture in India, operates 33 production sites globally. The Indian company that Vienna-based…

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