The 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 the adaption of the Brazil project to pursue the further dynamic growth.
“We are fully committed to Brazil and all of South America as an important part of our growth strategy and will continue to expand our market share with our team in Brazil”, said RHI CEO Franz Struzl. „We cannot maintain our original plan in its existing form in the light of the changed and more onerous situation and therefore we are acting quickly and flexibly with the long term success in mind. Our success is based on the high quality of our products and our excellent service – our customers can continue to count on this in the future!”