Contact us

IR Department

RHI Magnesita
7th Floor, 125 Old Broad Street
United Kingdom

T: +44 20 7292 6171

WELCOME to the RHI Magnesita
Investor Relations website

The driving force of the refractory industry

RHI Magnesita is the global leader in refractories. We have the largest number of locations around the world and the most innovative, reliable products and services. We also provide the most robust supply and quality security, thanks to our exceptional vertical integration – from mining to production to full service solutions.


As global leaders we use our resources, worldwide presence and expertise to drive change in the refractory industry for the benefit of our customers who rely on us.

Stefan Borgas Chief Executive Officer



RHI Magnesita Stock Price


Clear and compelling investment case

Clear strategy and strong competitive position
  • Strong market position with 15% global market share (30% ex-China), clear leadership in Americas, Europe and Middle East with broadest value-added solution offering
  • Opportunity to develop and leverage technology across regions and portfolio
  • Highest level of vertical integration in the industry with unique mineral sources and 50%+ self-sufficiency in all raw materials
Significant growth opportunity from new markets, service offering and M&A
  • Opportunities to grow materially in under-represented markets such as India, China and Turkey
  • Greater penetration services model to clients – improving margins and expanding client wallet
  • Acceleration of market growth through M&A
Continued margin opportunity from ongoing synergies and further cost savings
  • At least €60m synergies in the 2018 P&L and €110m in synergies to be achieved by 2020
  • Additional “below the line” opportunities in working capital and tax
  • Cost saving potential beyond synergies from further initiatives
Strong cash conversion and robust balance sheet
  • Strong cash flow from operating business supported by synergies and organic growth opportunities
  • Rapid delevering since merger and net debt to EBITDA below 1.5x
  • Capital flexibility to pursue both growth and shareholder returns