RHI Magnesita

#RHIMagnesita announced its 2024 half year results this week. M&A played an integral role in offsetting the weaker demand environment in the first half of the year. ▶ Watch the update from CEO Stefan Borgas about our progress on strategic M&A activities and how these are set to drive long-term #growth and solidify our market #leadership. #Acquisitions #StrategicGrowth

#RHIMagnesita recorded revenue of €1.72 billion in the first half of 2024, despite a 3% decline in sales volumes in its base business. In addition, we have achieved a strong Operating Cash Flow of €233 million, equaling a 123% cash conversion from EBITA into Operating Cash Flow. ▶ Watch CFO Ian Botha providing insights on our business performance and financial highlights! #HalfYearResults #FinancialHighlights

Disrupted supply of critical raw materials #Bauxite #Alumina resulting in cost inflation and soaring ocean freight is creating challenging market condition for the refractory makers. Although the refractory demand remains subdued across the world with few exceptions, such input cost pressures are set to increase refractory prices. #RHIMagnesita Chief Customer Office Gustavo Franco elaborates on the fast-evolving price situation in this interaction with S&P Global Commodity Insights. #Oceanfreight #inflation #criticalmineral #rawmaterial #price #steelmaking #ironmaking #cementindustry #aluminiumindustry https://lnkd.in/gvk3CiUh

Today, #RHIMagnesita announced its 2024 half year results! Despite a challenging market environment, RHI Magnesita has achieved a solid performance. With a revenue of €1.72 billion and an Adjusted EBITA of €190 million, maintaining an 11.0% margin, our resilience and strategic initiatives have positioned us well for continued success. Strong cash flow performance, driven by working capital release, underscores our robust financial performance.  Watch CEO Stefan Borgas and CFO Ian Botha comment on the highlights of our results. Visit our website for more details: https://lnkd.in/d7MgsTdH #HalfYearResults #FinancialHighlights  

A #sustainability Ciao from Milano! Today, I had the pleasure to join Nenad Tanasic in welcoming the wonderful team from Trezzi Refrattari Srl to our MIRECO world! With its deep rooted experience in #recycling, strong local team and longstanding reputation as a reliable #circulareconomy partner in Italy, Trezzi enables us to serve the booming sustainability demands from our Italian customer base. Together, we can now truly close the circle with our #Cerowaste offering across Italy and maximize the recycling yield, thereby contributing to making #GreenSteel a reality. This is yet another important milestone in our quest to drive #decarbonisation through increased refractory recycling. Remember: every ton of recycled refractory raw material avoids at least 1,5tons of CO2! This is equivalent to the carbon footprint of an average European citizen over 3 months! The impact is massive - so let’s ensure we drive this immediate potential across the #refractory industry together! #netzero Patrick Stahl Christian Kuch @tobiasfreikmann

#RHIMagnesita, represented by CCO Gustavo Franco, was honored to be part of today’s very exclusive Business Forum hosted by the Austrian Chancellor Karl Nehammer, MSc and India’s Prime Minister Narendra Modi in Vienna 🇮🇳🤝 With over 25% of our company’s work force being Indian, we have a strong presence in the country. Thanks to our globally backward integrated footprint, RHI Magnesita can massively support India in its quest for diversifying the global #supplychain for critical raw materials. In addition, during the forum, RHI Magnesita offered to use its #recycling expertise to prevent environmentally harmful landfill of waste #refractories and thus make a significant contribution towards building India's circular economy. Thank you, Narendra Modi, for your leadership in sustainable growth of India and fostering the Indo-Austrian relationship. We are looking forward to our strong collaboration! Stefan Borgas Parmod Sagar Abhijit Kashyap Borah Susanne Moser-Guntschnig 📷 Photo credit: Aussenwirtschaft Asien and RHI Magnesita

Enhancing Sustainability in Steel Production: RHI Magnesita’s Solutions As the global community prioritises the reduction of carbon footprint, the adoption of innovative technologies becomes crucial for steel producers. In this context, #RHIMagnesita offers several innovative solutions. 2 examples are presented here, relating to Electric Arc Furnaces (EAFs) and Tundish applications. 1. EAF Direct Purging Plug Systems (RADEX DPP) Our integrated systems include state-of-the-art gas purging systems as well as the functional DPP purge plugs and optimise the melting of steel by injecting purging agents through the furnace bottom. The presence of the continuous inert gas bubble columns provides metallurgical benefits in the EAF: increased metal yield, increased dephosphorization, lower nitrogen levels with argon gas stirring, higher control on the FeO content of the slag, and most importantly, the avoidance of overoxidized slags. Further benefits include higher productivity, reduced energy consumption, and improved heat distribution, especially for larger EAF sizes (>150mt). 2. Tundish Cold Setting Technology A self-hardening mix with non-toxic binder technology. Requires only 1.3 - 1.5 wt.% water addition and no external heat supply. Zero energy consumption due to cold setting, enabling cold start practice. Smooth and reproducible lining technology for short and long sequence casting, with fast tundish turnaround and a small tundish fleet. These are 2 examples of RHI Magnesita's Green Steel Portfolio, which increases productivity and cost efficiency in steel production. They also contribute to sustainability by reducing #CO2emissions per tonne of steel produced. Let’s build a greener future together! 🌱 Stay tuned and follow our #RHIMagnesita_Innovation for more updates in the field of #flowcontrol and #advancedtechnologies. And visit our webpage for more information: https://lnkd.in/dhA-rprh

#RHIMagnesita is a proud member of HIIA - Hydrogen Import Alliance Austria. With this initiative we will make sure to cover 50% of the Hydrogen demand in Austria by 2030. This will ultimately ensure 40.000 jobs in the industry sector. Let's get it done now!

Productivity and yield enhancement packages: 1. Automatic Tundish- and Mould Level Control: - Fully automatic tundish level control (TLC) with seamless Manual-to-Auto transition. - High-level accuracy ( /-2mm) for mould level control (MLC), overflow protection, and breakout detection. 2. Exchanging the Monotube “On the Fly” (MTC): - Reliable, easy-to-handle system with enhanced safety for operators as no blind plate or cylinder handling. - Operator-friendly design and automation-ready for robotic Monotube handling 3. Customized Mould Flow: - Reducing clogging and increasing of refractory performance and steel quality. - Promotion of flotation of non-metallic inclusions; stabilizing mould levels and enhancing surface quality by using tailor made, fluid flow modelled nozzles. 4. Formation of Swirling Flow: - Increases meniscus temperature for better mould flux melting. - Controls superheat, prevents strand shell remelting, and improves crystallization. 5. Installation of Metering Nozzle Changer (MNC): - Enables safe, uninterrupted open-stream casting. - Compact dimensions, clear view to mould and nozzle. - Option for submerged nozzle application. Stay tuned and follow our #RHIMagnesita_Innovation for more updates in the field of #flowcontrol and #advancedtechnologies. And visit our webpage for more information: https://lnkd.in/dhA-rprh

🌟 Exciting News! 🌟 We are thrilled to announce that Refrattari Trezzi has joined the MIRECO family! This strategic acquisition marks a significant milestone in our journey, aligning perfectly with our mission at MIRECO to strengthen the circular economy in the refractory industry. By integrating Refrattari Trezzi's innovative solutions and expertise, we are poised to deliver even greater value to our clients and partners. We extend a warm welcome to the talented team from Refrattari Trezzi and look forward to the exciting opportunities and synergies that lie ahead. Together, we will continue to drive innovation and excellence in the field of mineral recovery and environmental sustainability. On the photo sitting from the left side: Karl-Josef Sassen, COO Mireco Nenad Tanasic, CEO Mireco Pietro Trezzi, Managing Director Refrattari Trezzi Giacomo Trezzi, Integration Manager Refrattari Trezzi Stay tuned for more updates as we embark on this exciting new chapter! 🚀 #BusinessGrowth #Innovation #NewBeginnings #CircularEconomy #Sustainability #Recycling #MineralRecovery