RHI Magnesita

EANS-Adhoc: RHI AG: Expansion of European raw material supply through acquisition and associated investment

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RHI signed a contract to acquire SMA Mineral Magnesia AS (SMA), Norway, today. The purchase price amounts to NOK 100 million (about EUR 13 million); the purchase contract contains a few conditions, which must be met prior to the closing on or before 31 August 2011. SMA produces seawater-based magnesium hydroxide, which can be processed to fused magnesia.

RHI will subsequently invest up to EUR 70 million in a fusing plant at the site of SMA. Starting in the summer of 2012, RHI will produce up to 80,000 tonnes of high-grade fused magnesia annually in Norway. With this project, RHI is making an important step towards the execution of the raw material strategy and thereby increasing its level of self sufficiency with magnesia based raw materials by 19%points to 61%.

end of announcement                               euro adhoc


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

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime, ATX
Börsen: Wien / official market

Weitere Meldungen: RHI Magnesita

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