Latest News

RHI – orders substaintially above plan in Q1/2002

Nearly 4% sales growth due to global technology leadership The worldwide number of incoming orders for the refractories division of the RHI group exceeded the figures the management budgeted in its business plan by more than 10% in the first quarter of 2002. This business plan is the basis and an essential component of the […]

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RHI AG issues convertible bonds (ad hoc)

In accordance with section 174 para 2 Companies Act (AktG), the extraordinary general meeting of RHI AG authorized the Board of Management to issuesubordinated convertible bearer bonds tranches A and B by December 31, 2006 pursuant to section 174 AktG. Proceeds from the issue must be used to pay back liabilities to banks. Exercising the […]

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Changes in the RHI Supervisory Board

At the extraordinary general meeting of RHI AG on February 15, 2002, Mr. Michael Gröller, Chairman of the Board of Management of Mayr-Melnhof Karton AG, and Mr. Gerd Klaus Gregor, Supervisory Board Member of Schoeller-Bleckmann Oilfield Equipment AG, were elected to the Supervisory Board. They replace Dr. Erich Hampel and Mr. Andreas Treichl, who had […]

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Extraordinary General Meeting of RHI AG approves capital restructuring (ad hoc)

The extraordinary general meeting of RHI AG on February 15, 2002 approved the issue of convertible bonds by a large majority. Thus the last obstacle to the capital restructuring of RHI has been overcome, and the financial and balance sheet reconstruction is secured. The restructuring is based on the high-profit refractories business in Europe, Asia, […]

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RHI AG starts implementing capital restructuring (ad hoc)

On February 14, 2002 the supervisory board of RHI AG has resolved on the reorganisation of Veitsch-Radex GmbH thereby implementing the capital restructuring announced on January 14, 2002. Veitsch-Radex GmbH will be converted into an unlimited partnership. Thereafter RHI AG as unlimited partner will be liable for the liabilities of Veitsch-Radex. Veitsch-Radex GmbH is one […]

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RHI capital restructuring not affected by Chapter 11 cases in the USA (ad hoc)

Global Industrial Technologies, Inc. (GIT), A.P. Green Industries Inc., Harbison Walker Refractories Co. and further companies under the umbrella of RHI Refractories Holding Company in the USA filed for bankruptcy protection under Chapter 11 on February 14, 2002. The management of the above companies has decided to initiate a reorganization under Chapter 11 in order […]

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RHI divests itself of US companies due to asbestos, capital restructuring agreed with core banks

In view of the soaring number of asbestos claims, the RHI AG management has decided to discontinue financing the operational restructuring of US participatory interests and to put all companies comprised in the RHI Refractories Holding Company up for sale. As a result, this step will avert any further financial strain to RHI AG from […]

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RHI subsidiary NARCO files Chapter 11 in USA

North American Refractories Company Inc. (NARCO), a US member of the RHI group, filed for bankruptcy protection under Chapter 11 on 4 January 2002. NARCO produces refractory materials in four plants located in the US, catering especially to the North American steel industry, and employs some 800 people. Didier-Werke AG acquired NARCO in 1986, making […]

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