- Increase in the stake held from 50% to 100%
- Strengthening in the area special products for steel and nonferrous metals production
RHI AG, the world market leader in refractories, has taken over 100% of Stopinc AG on January 18, 2012. Stopinc AG produces and sells refractory special products for the usage in the iron and steel industry. Previously RHI AG held a 50% stake in the Swiss company.
With this takeover, RHI AG strengthens the Flow Control segment, which covers the regulated flow of liquid steel and nonferrous metals in the production process.
Stopinc AG is one of the world market leaders in this segment with its Interstop brand and focuses on special products. RHI AG will keep the brand and will continue to expand its activities, especially in Asia, and to invest in research.
Stopinc AG, which is based in Hünenberg, Switzerland, will be maintained as an independent company with production sites and sales offices in the USA and China as well as service offices in Brazil, India and Russia. The company’s 90 employees generated revenues of 29.4 million euros in the financial year 2010. In the course of taking over Didier-Werke AG in 1996, RHI AG acquired a 50% stake in Stopinc AG.
About RHI AG RHI AG is the world market and technology leader in high-grade ceramic refractory materials. A global player with Austrian roots, RHI employs roughly 8,000 people worldwide at 32 production sites in Europe, North and South America, South Africa and China, and is represented by more than 70 sales offices on four continents. The headquarters is located in Vienna, Austria. In the first three quarters of 2011, RHI recorded revenues of EUR 1,280.8 million. (Q1-Q3 2011: EUR 1,122.0 million, financial year 2010: EUR 1,522.9 million). The RHI share is listed on the Prime Market of the Vienna Stock Exchange (ATX).