RHI Magnesita

RHI AG takes over refractory specialty producer Stopinc AG

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers

Wien (euro adhoc) - Increase in the stake held from 50% to 100%
Strengthening in the area special products for steel and nonferrous metals

RHI AG, the world market leader in refractories, has taken over 100% of Stopinc
AG on January 18, 2012. Stopinc AG produces and sells refractory special
products for the usage in the iron and steel industry. Previously RHI AG held a
50% stake in the Swiss company.

With this takeover, RHI AG strengthens the Flow Control segment, which covers
the regulated flow of liquid steel and nonferrous metals in the production
Stopinc AG is one of the world market leaders in this segment with its Interstop
brand and focuses on special products. RHI AG will keep the brand and will
continue to expand its activities, especially in Asia, and to invest in

Stopinc AG, which is based in Hünenberg, Switzerland, will be maintained as an
independent company with production sites and sales offices in the USA and China
as well as service offices in Brazil, India and Russia. The company´s 90
employees generated revenues of 29.4 million euros in the financial year 2010.
In the course of taking over Didier-Werke AG in 1996, RHI AG acquired a 50%
stake in Stopinc AG.

About RHI AG
RHI AG is the world market and technology leader in high-grade ceramic
refractory materials. A global player with Austrian roots, RHI employs roughly
8,000 people worldwide at 32 production sites in Europe, North and South
America, South Africa and China, and is represented by more than 70 sales
offices on four continents. The headquarters is located in Vienna, Austria. In
the first three quarters of 2011, RHI recorded revenues of EUR 1,280.8 million.
(Q1-Q3 2011: EUR 1,122.0 million, financial year 2010: EUR 1,522.9 million). The
RHI share is listed on the Prime Market of the Vienna Stock Exchange (ATX).

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

end of announcement                               euro adhoc 

company:     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

Weitere Meldungen: RHI Magnesita

Das könnte Sie auch interessieren: