RHI Magnesita

ots Ad hoc-Service: RHI AG RHI announces global effectually increase in prices: Global market leader in refractory products will raise prices by 3 - 6% in September

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    Vienna (ots Ad hoc-Service) -    

    In September, RHI, the global market leader in refractory products, will increase its prices world-wide. As RHI announced today, the increase in prices will be between 3 and 6% depending on the product group. This will only apply to new orders. Deliveries already in progress, long-term contracts and basic agreements will not be affected, says RHI. RHI specified the following reasons for sending such a clear message on the price side: Raw materials costs and energy costs (oil prices) have risen considerably; and the company has to meet increasingly higher requirements in product innovation, as its products are mainly in the high-quality segment.

    RHI is the undisputed world market leader for high-grade ceramic refractory products and services. These products are used in particular in the iron and steel industry, the cement and lime industry, the glass and non-ferrous metals industry, and cannot be substituted for other products. RHIs other divisions are: RHI Engineering, RHI Insulating, and RHI Waterproofing. RHI is the leading provider of insulating materials in Central and Eastern Europe.

    The group employs about 14,500 employees world-wide at 180 manufacturing and service sites in 35 countries on all five continents. ------------------------------------------------------------------

      For further information: RHI AG: Peter Hofmann (Corporate
Communications) Phone +43 1 50213-123 / Fax +43 1 50213-130 e-mail:
peter.hofmann@rhi-ag.com Home page: http:// www.rhi.at

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