Business Development In a macro-economically challenging environment, the RHI Group’s sales volume dropped by 5.0% from 1,948,000 tons in the year 2011 to 1,850,000 tons, which was primarily due to weaker steel business in Europe and weaker cement and glass business in Asia. Although sales volume was lower, revenues of the RHI Group reached a […]
Read MoreOn March 4, 2013 the closing of the acquisition of 43.6% of the share capital of Orient Refractories Ltd. (ORL) occurred. The open offer to the public shareholders of ORL for up to an additional 26% of the shares will commence with the issuance of SEBI’s final observation and is expected to occur within the […]
Read MoreIn the course of the start-up of the newly established fusion plant in Norway in late November, a technical defect occurred while material was fed in, which caused a crucible to spill over and consequently required the entire melting operations to be shut down. As it is taking longer than expected to repair the damage, […]
Read MoreThe Management Board of RHI AG announces that it received a letter on January 17, 2013 stating the following: “In the name and on behalf of (i) FEWI Beteiligungsgesellschaft mbH and Dr. Wilhelm Winterstein, (ii) Chestnut Beteiligungsgesellschaft mbH and Elisabeth Princess of Sayn-Wittgenstein and (iii) Silver Beteiligungsgesellschaft mbH and Mr. Konstantin Alfred Winterstein, we announce […]
Read MoreOn January 15, 2013, a wholly-owned affiliate of RHI AG signed a share purchase agreement to acquire 43.6% of the share capital of Orient Refractories Ltd. (ORL). ORL is an Indian producer of special refractories and monolithics listed on the National Stock Exchange of India as well as the Bombay Stock Exchange. The selling shareholders […]
Read MoreThe Management Board of RHI AG announces that it received a letter on December 5, 2012 stating the following: “With the disclosure according to §§ 91ff BörseG of October 11, 2010, Raiffeisen Zentralbank Österreich Aktiengesellschaft, Vienna, FN 58882 t (RZB) announced, also on behalf its consolidated company Raiffeisen Bank International AG, Vienna, FN 122119f (RBI), […]
Read MoreRevenues of the 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. While revenues in the Steel Division dropped by 3.7% in a market environment still characterized by uncertainty, the Industrial Division recorded growth of 25.8% as some major […]
Read MoreThe increase of import duties and introduction of anti-dumping duties by the Brazilian government has created a new framework for investments in Brazil. This new situation requires an adaption of RHI’s plans for a production site for refractory products in the State of Rio de Janeiro. The Management Board of RHI AG will quickly implement […]
Read MoreDespite an environment strongly characterized by uncertainty, RHI realized the second highest quarterly revenues in the group’s history, which were only € 2.0 million below the record level of the fourth quarter of 2011. Both divisions recorded substantial growth in revenues: revenues of the Steel Division exceeded the previous record of the third quarter of […]
Read MoreRHI AG, a world market leader for refractory products, successfully completed the placement of a EUR 130 million Schuldscheindarlehen on July 25, 2012. In a difficult market environment, the volume of EUR 100 million, which had originally been planned, was thus exceeded. The Schuldscheindarlehen was placed in tranches with tenors ranging from three to ten […]
Read MoreRevenues of the RHI Group increased to € 436.9 million in the first quarter of 2012, up 5.6% on the comparable period of 2011. While the Steel Division recorded an increase in revenues of 6.2%, revenues in the Industrial Division fell slightly by 1.1%. Despite negative foreign currency effects, the operating result of the first […]
Read MoreToday, RHI’s CEO Franz Struzl signed a non-bindung MOU together with representatives of the Republic of Serbia and the City of Kraljevo. In this MOU, RHI expresses its interest to pursue an acquisition of the assets of Magnohrom d.o.o.These assets include magnesite mines and will require production capacities that need approx. 400 persons for its […]
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