RHI Magnesita N.V. (RHIM.L) Company Profile
RHI Magnesita N.V. (LSE:RHIM), founded in 1834 with its headquarters in Vienna, Austria, is a global leading enterprise in the field of refractory materials. With nearly 200 years of experience, it conducts businesses of developing, manufacturing, selling, installing, and maintaining refractory products and systems for industrial high-temperature processes worldwide.
I. Company Introduction
RHI Magnesita was founded in 1834, with its headquarters located in Vienna, Austria, and it has 15,659 full-time employees. It provides a full range of services for refractory products and systems for industrial high-temperature processes on a global scale, covering the entire process from product development and production to installation and maintenance.
Official Website: www.rhimagnesita.com/
II. Main Business Segments
1. Product Supply
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- Products for the Cement Industry: Provides formed products made of various materials such as magnesium spinel and dolomite, unshaped refractory materials, high-temperature insulation materials, ceramic and metal anchoring systems, as well as specific products related to steelmaking and sliding gate nozzles, etc.
- Other Basic Material Products: Supplies various basic refractory materials such as magnesia, zirconia magnesia, and high-alumina, as well as related products such as packaging solutions.
- Specialty Products: Includes repair and maintenance mixtures, designed and vibrated concretes with high silicon carbide content, and other specialty products. Also, it has a variety of furnace charges and commercial products such as raw, caustic, and sintered magnesia, as well as reduction furnaces and heating furnaces.
2. Service Provision
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- Professional Services: Provides consulting, engineering, material delivery, assembly, project management, and monitoring services, covering all aspects from project planning to implementation.
- Maintenance Services: Includes repair, assembly, and shutdown services, refractory material maintenance and application, solution and technical support, engineering, project lining, solution development and monitoring, electromechanical maintenance, and metal processing plant services, etc., to ensure the stable operation of customers' production equipment.
III. Technological and Business Advantages
1. Industry Experience and Brand: With nearly 200 years of experience in the refractory products industry, it is a global leading enterprise in the field of refractory materials, enjoying high brand awareness, and its products and services are reliable and innovative.
2. Vertical Integration Advantage: Excellent vertical integration capabilities enable it to provide comprehensive service solutions from mining to production, ensuring stable supply and the best quality and safety.
3. Product Diversity: It manufactures more than 120,000 products, which can meet the diverse needs of different customers in industrial high-temperature processes and customize the best solutions for customers.
IV. Development History
| Time | Key Events |
|---|---|
| 1834 | Friedrich Ferdinand Didier established the refractory clay factory Chamottefabrik F. Didier in Podejuch (RHI) near Stettin |
| 1881 | Carl Spaeter discovered the magnesite deposit in Veitsch (Styria, Austria) (RHI) |
| 1888 | Established a refractory material factory in Valienciennes, France, named “Société des Briques et Pierres Blanches et Ciment de Fer Northomb et Cie” (Magnesita) |
| 1889 | Baker Refractories was established in York, the United States, and became the first company in the United States to provide calcined dolomite for the maintenance materials of steelmaking furnaces and refractory material repair (Magnesita) |
| 1899 | Veitscher Magnesitewerke AG was established (RHI) |
| 1900 | Dolomie Française (Magnesita) was established in Flamount, France |
| 1908 | Mining engineer Josef Horhager discovered the magnesite deposit in Millstatter Alpe, and German-American Emil Winter obtained the mining rights and established the RHI Magnesita Company (RHI) |
| 1909 | August Thyssen established Dolomitwerk (Magnesita) in Hagen, Germany |
| 1919 | Atilio Franchi established a company producing dolomite-based refractory products in Marone, Italy, named Dolomite Franchi (RHI) |
| 1920 | Started producing bricks and tiles in Valenciennes, and started production in Kruft and Hagen, Germany (Magnesita) |
| 1939 | After discovering the magnesite deposit in Brumado, Brazil, Magnesita (Magnesita) was established |
| 1944 | Began producing Magnesita refractory materials in Contagem / Minas Gerais, Brazil (Magnesita) |
| 1959 | Veitscher Magnesitwerk established a research and development institution in Leoben, Austria, and this institution is still there (RHI) |
| 1960 | Started brickmaking at Baker in York, Magnesita expanded its business in Brazil and exported to South America, and established its first subsidiary RASA in San Nicolás, Argentina (Magnesita) |
| 1969 | Magnesita went public (Magnesita) |
| 1970 | CEC (Lafarge) acquired Dolomie Française and Brierques et Pierres Blanches and Ciment de Fer et Cie Northomb, and created the Magnesita research and development center in Contagem (Magnesita) |
| 1971 | Created Montec engineering and assembly services in the field of civil engineering (Magnesita) |
| 1973 | Magnesita was listed on the stock exchange (Magnesita) |
| 1980 | Magnesita acquired Refratec and was able to produce electro-fused magnesia domestically (Magnesita) |
| 1987 | The management acquired the American General Refractories Company and established Radex Heraklith Industriebeteiligungs AG (RHI) |
| 1990 | Magnesita started the performance price ratio (CPP) model based on customer satisfaction, shifted its focus to product quality and comprehensive refractory solutions, and entered the cement field (Magnesita) |
| 1992 | The Valenciennes and Flaumont factories were acquired by the Lhoist Group and became Lhoist Refractories (Magnesita) |
| 1993 | Two traditional Austrian companies, Radex Austria AG and Veitscher Magnesitwerke Actien-Gesellschaft, merged to form Veitsch-Radex AG and acquired a majority stake in Dolomite Franchi (RHI) |
| 1995 | Acquired a majority stake in Didier-Werke AG (RHI), and Magnesita opened the port of Aratu in Brazil and still has the site concession (Magnesita) |
| 1997 | Baker established a joint venture with Kaohsiung (Taiwan) (Magnesita) |
| 1998 | RHI AG was established and later became a holding company (RHI) |
| 1999 | RHI took over the American GIT / Harbison-Walker, Lhoist acquired Dolomitwerke Wülfrath, and established the Wülfrath Refractories operating company (Magnesita) |
| 2000 | Magnesita expanded its business into the fields of refractory materials and electromechanical maintenance and restructured its service business model (Magnesita) |
| 2001 | RHI split GIT/Harbison-Walker within the scope of Chapter 11 proceedings, Lhoist acquired the Baker Group, and the shares were renamed LWB (Magnesita) |
| 2006 | RHI sold Heraklith AG, completed its strategic repositioning with a focus on refractory materials, and Rhone Capital acquired LWB (Magnesita) |
| 2007 | RHI integrated Monofrax and became the leading supplier of electro-fused refractory products in the glass industry, and GP Investments obtained control of Magnesita (Magnesita) |
| 2008 | RHI acquired two ISO factories from Foseco, Magnesita acquired LWB and listed on the new market of the São Paulo Stock Exchange, acquired the Brazilian producer Insider, and focused on steelmaking (Magnesita) |
| 2010 | RHI acquired 100% of Didier-Werke AG (RHI) |
| 2011 | RHI acquired RHI Normag AS, RHI Podolsk Refractories and Premier Periclase Ltd. (RHI) |
| 2012 | RHI acquired 100% of Stopinc AG, and Magnesita proposed new strategic points: to become the best supplier of refractory and mineral solutions, and to utilize and develop mineral resources (Magnesita) |
| 2013 | RHI acquired a 69.9% stake in Orient Refractories Ltd., and Magnesita acquired Reframec Manutenção e Montagens de Refratários Ltda and Dalian Mayerton Refractories Co., Ltd. (Magnesita) |
| 2016 | RHI sold Monofrax, and Magnesita established Holding Mag International (UK) (Magnesita) |
| 2017 | RHI and Magnesita merged to form RHI Magnesita, and the shares were traded on the London Stock Exchange under the ticker symbol RHIM |
| May 2021 | RHI Magnesita merged its two Indian subsidiaries, RHI Clasil and RHI India, into Orient Refractories, which has been listed |
| July 2021 | Orient Refractories was renamed RHI Magnesita India and listed on the National Stock Exchange of India and the Bombay Stock Exchange |
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