2024-03-30 RHI Magnesita announces intention to acquire Resco Group

Mar. 30, 2024 - RHI Magnesita announces its intention to acquire Resco Group, a US based producer of alumina monolithics and wide range of basic and non-basic refractories, for an enterprise value of up to $430 million. About Resco                    &n...

2024-01-27 RHI Magnesita enhances raw material procurement efficiency through digital transformation with Metalshub

Jan. 24, 2024 - RHI Magnesita, the global leader in refractories, has committed to a long-term partnership with Metalshub, the leading supply chain solution for raw materials, to optimise and digitalise the supplier management and procurement processes for raw materials across the entire RHI Magnesita group. ...

2023-10-07 RHI Magnesita strengthens market position in process industries by acquiring P-D Refractories

Oct. 7, 2023 - RHI Magnesita, the leading global supplier of high-grade refractory products, systems and solutions, today announces the completion of the acquisition of the Germany, Czech Republic and Slovenia based refractory businesses of the Preiss-Daimler Group (“P-D Refractories”). P-D Refractories is a pro...

2023-02-28 RHI Magnesita 2022 Full Year Results: Strong revenue growth and market share gains

Feb. 27, 2023 - RHI Magnesita today announces its results for the financial year 2022. Market share gains and price increases led to strong revenue growth, offsetting higher costs. Market share gains support strong financial results RHI Magnesita delivered a solid performance in 2022. Revenue in...

2023-02-15 RHI Magnesita and Australian cleantech MCi Carbon enter long-term strategic cooperation to decarbonise refractories

Feb. 15, 2023 - RHI Magnesita has completed a multi-million-dollar investment in the award-winning cleantech and is expected to significantly advance MCi’s Carbon utilisation technology (CCU), underlining the company's role as sustainability frontrunner of the refractory industry.  RHI Magnesita yesterday s...

2023-01-06 RHI Magnesita completes acquisition of Indian refractory business of Dalmia Bharat Refractories

Jan. 6, 2023 - RHI Magnesita today announces the completion of the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL) via a Share Swap Agreement executed on January 5, 2023. Consequently, Dalmia OCL Limited (DOCL), the Indian refractory business of DBRL, stands as a 100% subsid...

2022-11-04 Primetals Technologies signs agreement with RHI Magnesita to develop new solution specifically for green steelmaking

Nov. 3, 2022 - Most of the CO2 emissions in steelmaking comes from the blast furnace process (BF), which is today still the main production route. Primetals Technologies is developing a new green technology to replace BF plants, and recently signed a cooperation contract with RHI Magnesita, the global le...

2022-10-27 RHI Magnesita India acquires Hi-Tech’s refractory business

Oct. 22, 2022 - RHI Magnesita India Limited has acquired the refractory business of Hi-Tech for ₹621 crore. RHI Magnesita India Ltd is a leading global supplier of high-grade refractory products used by major industries, including steel, cement, non-ferrous metals and glass. The brand will strengthen and enlarg...

2022-10-12 RHI Magnesita launched INTERSTOP® S0 Ladle Gate System for steelmakers in India

Oct. 12, 2022 - RHI Magnesita launched the World-class INTERSTOP® S0 Ladle Gate System for the steel makers in India. The highly innovative ladle gate system used for flowcontrol is specially developed for mini steel plants. The system was launched in a technical conference titled India Refractory ...

2022-08-30 RHI Magnesita's research project ReSoURCE strives to reduce Europe’s CO2 emissions significantly

Aug. 30, 2022 - A research project, funded by the European Union, targets the recycling process in the refractory industry. The international initiative, which is part of the Horizon program, could help decreasing CO2 emissions in the refractory industry up to 800 thousand tons per year. The sci...

2022-08-04 RHI Magnesita to open Tampa headquarters

Aug. 2, 2022 - RHI Magnesita, based in Vienna, Austria, on Tuesday announced plans to open a Tampa headquarters in 2023. It will serve as a hub for the company’s regional leadership team, said Mark Plantan, the company’s director of legal and public affairs for North America. Plantan said the new headquart...

2022-06-20 RHI Magnesita discloses CO2 footprints for all products – important milestone towards green transformation

Jun. 20, 2022 - Being clearly committed to taking responsibility for a sustainable future, RHI Magnesita is proud, as the number one company within its industry, to make the CO2 footprints of its around 200.000 products transparent and comparable. "Competitiveness, sustainability and transparency are becoming inc...

2022-02-14 RHI Magnesita India posts 74% jump in net profit to Rs 75.9 cr in Dec quarter

Feb. 11, 2022 - RHI Magnesita India posted a 74 per cent jump in its net profit to Rs 75.9 crore in the December 2021 quarter, mainly on the back of higher revenues. ''Quarterly net profit of the company increased by 74 per cent to stand at Rs 75.9 crore from Rs 43.6 crore in December 2020 (quarter),...

2021-12-03 RHI Magnesita has agreed €400 million of new debt financing

Dec. 3, 2021 - RHI Magnesita has agreed €400 million of new debt financing comprising a €250 million Schuldschein and a €150 million Bilateral Facility. The new financing has attractive rates of interest, reflecting high demand from lenders and Schuldschein investors. A new €150 million Bilateral Facility with...

2021-11-26 RHI Magnesita fired up a new tunnel kiln at Urmitz plant

Nov. 25, 2021 - This morning, the new tunnel kiln was fired up at the Urmitz plant of RHI Magnesita, world market leader for refractory products and solutions. The 122-meter-long lightweight kiln generates temperatures of up to 1550°C and represents the heart of modern refractory production. It is primarily used...

2021-11-18 RHI Magnesita to make India R&D and Manufacturing hub for India, Middle East, Africa region

Nov. 17, 2021 - RHI Magnesita today announced the operationalization of its regional R&D center in India. This is the fifth R&D facility in the company’s global R&D network after Leoben (Austria), Contagem (Brazil), Dalian (China) and York (United States). The company has also committed a Rs 400 Crore...