RHI and the Halliburton subsidiary DII Industries (“DII“) agreed in April 2004 to settle their legal disputes about an agreement made in the year 2002 regarding further payments in the context of the Chapter 11 proceedings of Harbison-Walker. In December 2003, DII initiated its own Chapter 11 proceedings in accordance with the US Bankruptcy Code […]
Read MoreTogether with its Slovenian partner EuroVek d.o.o., the Insulating Division of RHI with its lead company Heraklith AG has held participating interests in the Slovenian stone wool producer Termo d.d. since 1997. Heraklith Group currently holds an interest of approx. 41.5% in Termo, while Termo and Heraklith each have a 50% stake in the Croatian […]
Read MoreRHI Refractories commissions a second plant in China to meet the constantly growing demand for high-quality refractory products in the Asian market First stage: investment total USD 36 million; annual production 40,000 tons of burnt basic refractory bricks; 300 employees The flexible concept of the plant allows product expansion at a later date as […]
Read MoreThe RHI Group’s good development of the first half continued in the third quarter of 2004. RHI Refractories (Refractories division) confirmed the EBIT margin of 11.2%; Heraklith (Insulating) showed a clearly improved EBIT margin of 9.7% in the quarter under review, which reflects the successful completion of restructuring. The two divisions also improved their operating […]
Read MoreOn September 24, 2004, the internationally renowned RHI Refractories Technology Center in Leoben Göss opens its doors to the public for the first time. For nearly 50 years the most renowned research and development center for refractory materials and technologies has been located in Leoben Göss. It forms the innovative core of RHI AG, the […]
Read MoreRHI issued a subordinated convertible bond tranche B in 2002. The conversion of the bonds into 5,500 RHI AG shares each has been possible at the beginning of each quarter since January 1, 2003. 44 bonds of a total of 1,809 convertible bonds tranche B have been converted to 242,000 RHI shares so far, the […]
Read MoreBusiness development of the RHI Group was characterized by positive growth in both divisions in the first half of 2004. RHI Refractories increased sales revenue worldwide by 5.3%, adjusted for currency effects by 9.2%; Heraklith (Insulating) improved sales revenue by even 12.1%. Hence, both divisions also continued to improve their operating results. Overall, the RHI […]
Read MoreGerman based E.ON AG respectively their predecessor VIAG AG held RHI shares of at last below 10% since mid of the nineties, when VIAG sold Didier-Werke AG to RHI. E.ON’s sale was expected and is thus not surprising to the market and RHI, due to the fact that the RHI stake was non-core for […]
Read MoreAugust Francois von Finck, one of the three core shareholders of RHI AG with a stake of slightly more than 9%, was woted into the company´s Supervisory Board at yesterday´s 25th General Meeting of RHI AG in Vienna. August Francois von Finck will thus succeed Dr. Walter Ressler, who no longer stood for election after […]
Read MoreThe RHI Group reported overall positive sales revenues amounting to EUR 302.3 million (previous year: EUR 298.6 million) in the first quarter of 2004. Consolidated sales revenue thus increased despite the sale and deconsolidation of two Waterproofing companies in 2003. Refractories raised its sales revenue by 2.6% worldwide in the first quarter of 2004, adjusted […]
Read MoreThe RHI Supervisory Board approved the financial statements 2003 of RHI AG and the consolidated financial statements 2003 at its meeting on April 21, 2004. The group’s preliminary results 2003, which were published on March 23, 2004 have thus been confirmed. In 2003, RHI reported net income after minorities in the amount of EUR 72.9 […]
Read MoreRHI and several RHI affiliates have entered into settlement agreements with the previous owners of certain former affiliated US companies and the companies themselves, which have been operating under Chapter 11 of the US Bankruptcy Code since the beginning of 2002. These settlement agreements, which were filed with the competent Bankruptcy Court in Pittsburgh, represent […]
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