RHI Magnesita

RHI adapts Brazil project

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Company Information

Wien (euro adhoc) - The increase of import duties and introduction of
anti-dumping duties by the Brazilian government has created a new framework for
investments in Brazil. This new situation requires an adaption of RHI's plans
for a production site for refractory products in the State of Rio de Janeiro.   

The Management Board of RHI AG will quickly implement the adaption of the Brazil
project to pursue the further dynamic growth. 

"We are fully committed to Brazil and all of South America as an important part
of our growth strategy and will continue to expand our market share with our
team in Brazil", said RHI CEO Franz Struzl. "We cannot maintain our original
plan in its existing form in the light of the changed and more onerous situation
and therefore we are acting quickly and flexibly with the long term success in
mind. Our success is based on the high quality of our products and our excellent
service - our customers can continue to count on this in the future!"

Further inquiry note:
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@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

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