RHI Magnesita swings into profit despite higher raw material costs
Published: Wednesday, 01 May 2019
RHI Magnesita has reported higher end-user demand, the production of a new zero-emission brick and that the Chizhou dolomite site will restart.
Refractory maker RHI Magnesita reported a sharp rise in
revenues thanks to increased sales volumes and prices, even as
its raw material costs rose.
RHI Magnesita reported a pre-tax profit of €246 million
($276 million) in 2018, compared with a €5.9 million loss
in 2017, with rising revenues more than...