RHI and Magnesita agree to merge

By Davide Ghilotti
Published: Thursday, 06 October 2016

The new company to be set up, RHI Magnesita, will have a foothold in Europe and Latin America and control the sourcing of key raw materials - such as magnesite-based DMB, CCM and DBD - used in refractory production, ensuring global supply with over 50 facilities.

Leading refractory producers, Austria’s RHI AG and Brazil-based Magnesita GP, have agreed to a merger to create a new entity, RHI Magnesita, to be based in the Netherlands and listed on the London stock exchange.

RHI will acquire a controlling stake of Magnesita – estimated at a 46% share...

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