RHI AG

EANS-Adhoc: RHI AG
RHI buys Irish raw materials producer and expands supply with own raw materials further


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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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30.09.2011

RHI  today signed a contract to acquire Premier Periclase Ltd., Ireland ("PPL").
The purchasing price amounts to EUR 21 million; the closing took place with
effect of today.
PPL is one of the worldwide suppliers of seawater-based large crystal sinter
and, with 110 employees, produces roughly 70,000 metric tons of sintered
magnesia annually in the north of Dublin.
In addition, the closing of the acquisition of SMA Mineral Magnesia AS, Norway,
took place today.
With the capacity expansion in Turkey and the acquisition of SMA and PPL RHI is
going to increase its self-sufficiency in magnesia raw materials up to approx.
80% by mid-2012.


Further inquiry note:
RHI AG  
Investor Relations
Mag. Barbara Potisk-Eibensteiner
Tel: +43-1-50213-6123
Email: barbara.potisk@rhi-ag.com

end of announcement                               euro adhoc 
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issuer:      RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6123
FAX:         +43 (0)50213-6130
mail:     rhi@rhi-ag.com
WWW:      http://www.rhi-ag.com
sector:      Refractories
ISIN:        AT0000676903
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

 

 



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