The Company notes the recent press speculation regarding RHI Magnesita and a possible transaction involving Kumas Manyezit Sanayi AS. As a market leader in its segment, RHI Magnesita regularly seeks to evaluate opportunities that may arise to participate in the ongoing consolidation of the refractory industry. The Company confirms that there is currently no agreement in relation to Kumas Manyezit Sanayi AS and there can be no certainty that any transaction will occur at all.
A further announcement will be made as appropriate.
This announcement contains inside information for the purposes of the Market Abuse Regulation (596/2014/EU).
About RHI Magnesita
RHI Magnesita is the result of the combination of RHI and Magnesita to form the global leading supplier of high-grade refractory products, systems and services which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals, and glass, among others. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves more than 10,000 customers in nearly all countries around the world.
The Company has unmatched geographic diversification with more than 14,000 employees in 35 main production sites and more than 70 sales offices. RHI Magnesita intends to use its global leadership position in terms of revenue, greater scale, complementary product portfolio and diversified geographic presence around the world to target opportunistically those countries and regions benefitting from more dynamic economic growth prospects.
For more information please visit: www.rhimagnesita.com.
RHI Magnesita N.V.
Eduardo Gotilla, Head of Corporate Finance and Investor Relations
Stefan Rathausky, Head of Corporate Communications