Cement News tagged under: RHI Magnestia NV

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RHI Magnesita former CEO dies

01 February 2019, Published under Cement News

RHI Magnesita announced the passing of former CEO Franz Struzl. Mr Struzl, who passed away on 28 January at the age of 76, and led the company from September 2011 to June 2016. "It was an honour for me to work with Franz. He will always be remembered for his strategic views and his modern approaches. He was driving RHI AG forward and participated as a key stakeholder in the merger of RHI and Magnesita that laid the foundation of our sustainable growth," said Herbert Cordt, chairman of the ...

RHI Magnesita held back by Chinese market in 3Q18

05 November 2018, Published under Cement News

RHI Magnesita's 3Q18 results reported that the company's cement and lime segment continues to be held back by reduced cement production in the Chinese market and the company's ongoing focus on pricing and quality, against more commoditised competitors. However, CEO Stefan Borgas said: "The solid results in third quarter reflect a continuation of the positive trends we saw in the first half, driven by strong end-markets, the positive response by customers to the full portfolio and solution ...

RHI Magnesita strengthens management team

19 October 2018, Published under Cement News

RHI Magnesita has appointed Jacqueline Knox, currently Associate General Counsel M&A at VEON, an international telecommunications and technology business, as EVP General Legal Counsel & Company Secretary at RHI Magnesita, effective 1 December 2018. Jacqueline will be based in Vienna and be part of the EMT. "This organisational change within our top leadership team will ensure we are well positioned for the future," says Stefan Borgas, CEO of RHI Magnesita. Jacqueline was previously gener...

RHI Magnesita announces adjusted pro-forma revenue of EUR2677.2m

21 March 2018, Published under Cement News

RHI Magnesita saw pro-forma revenue up 11 per cent in 2017 to EUR2677.2m for its steel and industrial divisions. The results include consolidated 10-month results for RHI and two-month reporting for RHI Magnesita. RHI Magnesita's two-month revenue amounted to EUR1946.1m, up 17.9 per cent over the previous year. Reported revenue from the Industrial division amounted to EUR577.6m. Reported EBITDA amounted to EUR56.7m in 2017 with a margin of 2.9 per cent. Adjusted pro-forma revenue of th...