Cement News tagged under: RHI AG

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RHI AG and RHI Magnesita merger set for 26 October

17 October 2017, Published under Cement News

The merger of RHI AG with its wholly-owned subsidiary RHI Magnesita NV should become effective on 26 October 2017. Upon such effectiveness, RHI AG will cease to exist as legal entity. The Dutch Authority for the Financial Markets (AFM) has approved the prospectus for admission to listing of RHI Magnesita shares on the Premium Listing segment of the Official List of the UK Financial Conduct Authority and to trading on the London Stock Exchange’s Main Market for listed securities.   Acco...

Brazil: Magnesita installs SAP global management system

16 January 2017, Published under Cement News

Magnesita has adopted SAP ERP to unify business management in 17 countries in which it operates. The Brazilian refractory company has 27 facilities in 17 countries on four continents, and has just completed the installation of the SAP business management solution to converge its process systems on to one platform. The Pangea Project, as it was named, considered a global operational platform in a single SAP instance and began in December 2013 with a complete overhaul of the Magnesita ope...

Magnesita records profits of US$40.1m Jan-Sep 2016

11 November 2016, Published under Cement News

Magnesita Refractários recorded a profit of US$40.1m between January and September 2016. The refractory company's EBITDA was US$115.9m in the period, while the EBITDA margin reached 16 per cent, against 15.6 per cent in the same period of 2015. Net revenue reached US$725m in the year. Magnesita International Chairman and CEO, Octavio Pereira Lopes, highlighted the results achieved in the face of the challenging environment in the company's main markets. "The EBITDA margin rose to 16 per ce...

Refratory giants RHI and Magnesita to merge

05 October 2016, Published under Cement News

RHI and Magnesita are to merge creating one of the leading global refractory companies that will operate under the new name of RHI Magnesita. RHI AG and the controlling shareholders of Magnesita Refratários SA, investment vehicles affiliated with GP Investments and Rhône Capital, and together with GP (Magnesita’s Controlling Shareholders) agreed to combine the operations of RHI and Magnesita. Accordingly, RHI’s Management Board has agreed to sign a share purchase agreement with Magnes...

RHI wins order at Lafarge Exshaw works

22 January 2015, Published under Cement News

Austrian refractory materials maker RHI AG has been awarded a supply contract for around EUR10m from Lafarge for its plant in Exshaw, western Canada. Under the contract, RHI will deliver material for the expansion of the plant.

RHI increases earnings again in the third quarter of 2012

08 November 2012, Published under Cement News

Revenues of refractories specialist RHI Group increased by 7% in the third quarter of 2012 in comparison to the same quarter of 2011 and amounted to €459.9m. While revenues in the Steel Division dropped by 3.7% in a market environment still characterized by uncertainty, the Industrial Division recorded growth of 25.8% as some major projects were delivered. The operating result of the third quarter was up 28.3% on the comparable period of 2011 and amounted to €50.3m, thus again exceeding th...