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Refractory Industry

RHI: USA and India as Growth Markets

CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.

December 1, 2012

RHI: 2012 Will be Successful

The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.

November 30, 2012

RHI Opens Largest Raw Material Fusion Plant

Largest on-shore investment in Norway. Independence from Asian imports strengthened.

November 9, 2012

RHI Increases Earnings Again

Revenues of the Austrian RHI Group increased by 7.0% in the third quarter of 2012 in comparison to the same quarter of 2011 and amounted to € 459.9 million.

November 6, 2012

RHI: Satisfying Results Ahead

The Austrian refractory company faces high expectations. The results of the third quarter will be published next Tuesday.

November 3, 2012

RHI Aims to Take Over Orient Refractories

The Austrian producer of refractories plans to expand in India. The investment may have a size of € 80m.

October 29, 2012

RHI Begins to Downsize in Europe

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

October 18, 2012

RHI Invests in Carinthia

The manufacturer of refractory products upgrades its factory in Radenthein, Carinthia for € 2.3m. The capacity at the local subsidiary grows to 80,000 tons per year.

February 18, 2012

RHI Anticipates Slowdown in Business

The negative trend could come to an end in the second quarter of 2012. In the first nine months of the current year, the Austrian producer of refractory materials increased revenues and profit.

November 3, 2011

RHI Wins Contract with voestalpine

The producer of refractory materials and the Austrian steel company extend their existing partnership for another three years. The contract has a volume of € 24m.

October 28, 2011

RHI Buys Irish Raw Materials Producer

The Austrian producer of refractory materials takes over Premier Periclase Ltd. for a price of € 21m.

September 30, 2011

New Austerity Measures at RHI

The new CEO of the Austrian refractory manufacturer RHI, Franz Struzl, insists on the expansion to BRIC-countries and the sales target of € 2.0bn.

September 19, 2011

RHI to Start Production in Brazil in 2013

The Austrian producer of refractory materials invests € 85m in a first step. The new plant will have an annual production capacity of 60,000 tons.

September 15, 2011

RHI: Lower Operating Result despite Record Revenues in Second Quarter 2011

The Austrian producer of refractory materials reported an increase in revenues of 9.7%. Operating result amounted to € 40.0m.

August 4, 2011

RHI: Plans for New Plant in the US

The Austrian producer of refractory materials intends to open a new factory in the US. In the long run, bricks for the North American market will be produced locally.

July 4, 2011

RHI Confirms Outlook and Rules Out Capital Increase

The Austrian manufacturer of refractory materials expects a moderate increase in revenues. A capital increase is not planned in the near future.

June 22, 2011

RHI: Expansion of European Raw Material Supply through Acquisition

RHI signed a contract to acquire SMA Mineral Magnesia AS (SMA), Norway.

May 12, 2011

Strong Sales Growth for RHI

Revenues of the RHI Group amounted to € 413.8 m in the first quarter of 2011, up 20.9% on the reference quarter of 2010. In the Steel Division revenues grew by 20.1%, in the Industrial Division by 23.3%.

May 12, 2011

RHI: Rise in EBIT by 130%

The Austrian manufacturer of refractory products announced its preleminary results for 2010. Revenues increased by 23%. Operating result margin climbs from 6.4% to 9.1%.

March 9, 2011

Change in the Management Board of RHI AG

Henning Jensen, previously CFO, becomes CEO of the Austrian refractories company.

February 5, 2011

RHI: Positive Development in the First Nine Months

RHI AG, the world market leader in refractory products, recorded a significant increase in revenues and earnings in the first three quarters of 2010 compared with the prior-year reference period.

November 4, 2010

RHI Is Considering Raising Capital

The refractories manufacturer RHI wants to continue growing, and will need between 400 and 500 million euro for its expansion plans, the new boss of the group, Henning Jensen, said at the "Q-Check" experts forum.

October 6, 2010