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30.09.2011 – 21:08

RHI Magnesita

RHI buys Irish raw materials producer and expands supply with own raw materials further

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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RHI  today signed a contract to acquire Premier Periclase Ltd., Ireland ("PPL").
The purchasing price amounts to EUR 21 million; the closing took place with
effect of today.
PPL is one of the worldwide suppliers of seawater-based large crystal sinter
and, with 110 employees, produces roughly 70,000 metric tons of sintered
magnesia annually in the north of Dublin.
In addition, the closing of the acquisition of SMA Mineral Magnesia AS, Norway,
took place today.
With the capacity expansion in Turkey and the acquisition of SMA and PPL RHI is
going to increase its self-sufficiency in magnesia raw materials up to approx.
80% by mid-2012.

Further inquiry note:
Investor Relations
Mag. Barbara Potisk-Eibensteiner
Tel: +43-1-50213-6123

end of announcement                               euro adhoc 

issuer:      RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6123
FAX:         +43 (0)50213-6130
sector:      Refractories
ISIN:        AT0000676903
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English

Original content of: RHI Magnesita, transmitted by news aktuell