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Latest News

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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14.01.2002

RHI trennt sich wegen Asbest von US-Gesellschaften, Kapitalrestrukturierung mit Kernbanken vereinbart

Aufgrund der zunehmend unkontrollierbaren Zahl von Asbest-Schadenersatzklagen hat das Management der RHI AG beschlossen, die operative Restrukturierung der USA-Beteiligungen nicht mehr zu finanzieren und alle Gesellschaften unter dem Dach der RHI Refractories Holding Company zum Verkauf anzubieten. Durch diesen Schritt werden weitere finanzielle Belastungen aus Asbestrisiken für die RHI AG abgewendet. Derzeit werden sämtliche Möglichkeiten […]

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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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07.01.2002

RHI Tochtergesellschaft NARCO meldet in den USA Chapter 11- Verfahren an

North American Refractories Company Inc. (NARCO), eine US-amerikanische Gesellschaft des RHI-Konzerns, hat am 4. Januar 2002 Gläubigerschutz gemäß Chapter 11 beantragt. NARCO produziert in den USA in vier Werken Feuerfestmaterialien insbesondere für die nordamerikanische Stahlindustrie und beschäftigt etwa 800 Mitarbeiter. NARCO wurde von Didier-Werke AG 1986 erworben, dabei wurden mit dem Verkäufer vertragliche Regelungen hinsichtlich […]

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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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