RHI’s revenues decline in Q3 due to depressed glass and non-ferrous metal market
Published: Wednesday, 05 November 2014
Sluggish demand for glass in a slowly developing construction industry and a depressed non-ferrous metal industry due to falling metal prices have impacted RHI’s refractories business and profits and could force the company to close a site in Europe.
refractory producer RHI AG saw its business slacken in the
third quarter of this year due to a sluggish demand for its
refractory products in the
glass and non-ferrous metal markets.
The company’s revenues in Q3 2014 amounted to
€415.6m ($519.5m*), a 4.9% decline quarter-on quarter
(q-o-q) and a...