RHI Magnesita swings into profit despite higher raw material costs

By Siobhan Lismore-Scott, IM Staff, William Clarke
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...

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