The RHI Group reported revenue in the amount of € 998.6 million in the first three quarters of 2006 (previous year: € 893.9 million), an increase by 11.7%. In the third quarter revenue amounted to € 331.8 million (previous year: € 292.0 million) as a result of the good development of the refractories business worldwide and exceeded the figure of the previous year […]
Read MoreThe development of RHI Refractories has traditionally been based on the availability of self-produced raw materials. The roots lie in the magnesite of the Austrian Alps, where RHI has operated its own mines for over 125 years. In 2005, RHI produced more than 1.1 million tonnes of magnesite and dolomite, of which 600,000 tonnes were mined […]
Read MoreKey Figures RHI Half-year Report 2006 Following the Heraklith sale effective 13 June 2006 RHI’s half-year consolidated balance sheet shows the structure adjusted for Heraklith with a balance sheet total of € 1.1 billion. The results of the group contain a book profit from the sale in the amount of € 60.8 million, profit for the first half of […]
Read MoreOn January 13, 2006, RHI signed a contract with the Knauf Group regarding the sale of the Heraklith Group. A purchase price of EUR 230 million on a debt-free basis was agreed. Today the transaction was closed; upon receipt of the purchase price, RHI has transferred all shares held in Heraklith AG to the Knauf […]
Read MoreThe RHI Supervisory Board approved the financial statements 2005 of RHI AG and the consolidated financial statements 2005 at its meeting on April 24, 2006. The group’s preliminary results 2005, which were published on March 22, 2006, have thus been confirmed. With a profit of EUR 99.8 million (2004: EUR 99.7 million), RHI once again […]
Read MoreRHI Refractories operates two plants producing refractories in the Liaoning province in China. Currently, their total annual capacity is being extended, and the third plant will be commissioned at mid-year. The main raw material for refractories production is magnesite, and 20% of the world’s deposits of this mineral are located in the Liaoning province. […]
Read MoreKey Figures RHI Group, Preliminary results 2005 With a profit of EUR 99.8 million (2004: EUR 99.7 million), RHI once again reported a very good result in the financial year 2005. The profit attributable to stockholders of RHI AG (after minority interest) amounts to EUR 98.1 million (2004: EUR 95.0 million). On an undiluted […]
Read MoreAt today’s meeting the Supervisory Board of RHI AG decided unanimously to extend the Board of Management from three to four members as of January 2007. CEO Dr. Helmut Draxler will leave the Board of Management of RHI AG at his own request when his existing contract expires in January 2007. He declined the offered […]
Read MoreThe two corporations, voestalpine Donawitz GmbH & CO KG and RHI Refractories, have been collaborating in an exclusive partnership based on a ‘Contract Business Agreement’ for the supply of refractories for steel ladles and tundishes since 1997. The agreement, which will expire next March, has been put out to tender and, following intensive negotiations with […]
Read MoreRHI AG and two subsidiaries of Knauf Group signed a contract on January 13, 2006 to sell Heraklith Group. The transfer will be effective retroactive to January 1, 2006. A purchase price of EUR 230 million debt free is agreed. The enforcement of the contracts is subject to several implied conditions and the approval of […]
Read MoreHoneywell International Inc. has paid USD 20 million to RHI Refractories Holding as agreed by contract, after NARCO, a company currently operating under US Chapter 11 and deconsolidated by RHI at the end of 2001, submitted an adjusted plan of reorganization, which was accepted by Honeywell, to the court in Pittsburgh. Honeywell contractually agreed in […]
Read MoreThe RHI Group’s business and earnings development in the third quarter of 2005 was characterized by temporarily lower output in the steel industry in Europe and North America and higher energy costs at RHI Refractories. At Heraklith (Insulating), the very positive development continued unabated as a result of the complete integration of all east European […]
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