 | |
| Company type | Naamloze vennootschap |
|---|---|
| Industry | Refractories |
| Founded | 1908 |
| Headquarters | Vienna, Austria |
Key people | Herbert Cordt (Chairman) de:Stefan Borgas (CEO) |
| Revenue |  €3,571.8 million (2023) [1] |
 €333.9 million (2023) [1] | |
| €171.3 million (2023) [1] | |
Number of employees | 15,000 (2023) [2] |
| Website | www.rhimagnesita.com/ |
RHI Magnesita N.V. is a supplier of refractory products, systems and services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
In 1908 Mining engineer Josef Hörhager discovered a magnesite deposit at Millstätter Alpe in Austria. [3] A German American, Emil Winter, acquired the mining rights and founded the "Austro-American Magnesite Company" (later Radex Austria). [3] In 1974 the company was bought by National Refractories Co. and in 1987 Radex-Heraklith Industriebeteiligungs AG ('RHI AG') emerged from the National Refractories Co. as a result of a management buyout. [3] Then in 1991 RHI AG acquired Veitscher Magnesitwerke Actien-Gesellschaft, a rival business founded by Carl Spaeter in Germany in 1889. [3]
Next, in 1995, RHI AG acquired a majority stake in its previous competitor Didier-Werke AG (founded by Friedrich Ferdinand Didier in 1834 when he acquired a brick and lime firing plant near Szczecin in Poland, and established the factory "Chamottefabrik F. Didier" in Podjuchy, thus becoming one of the first manufacturers of refractory bricks in Germany). [3]
RHI AG acquired Global Industrial Technologies (GIT) in 2000. [3] GIT had a subsidiary, APG (formerly A.P. Green Refractories Company), which has been named as defendant in hundreds of thousands of asbestos-related injury litigation cases. [4] GIT entered bankruptcy under Chapter 11, Title 11, United States Code in February 2002. [4] RHI AG sold its North American subsidiaries, including GIT, later in the year. [3]
In 2004 the company was required to pay a civil penalty of $650,000 for failing to undertake asbestos remediation at a plant in Marelan, Quebec, Canada which it had been ordered to sell to Resco Products, Inc. in 1999. [5]
The company completed the takeover of Stopinc AG (Switzerland) in 2012 [6] and bought a majority stake in Orient Refractories. [7]
In October 2017 RHI AG merged with Magnesita, a Brazilian competitor, and then abandoned its listing on the Vienna Stock Exchange and instead secured a listing on the London Stock Exchange as RHI Magnesita. [8] Additionally, the RHI Magnesita shares can still be traded via the global market segment of the Vienna Stock Exchange. [9] [10]
In May 2021, RHI Magnesita merged its other two Indian subsidiaries, RHI Clasil and RHI India, into Orient Refractories, which was publicly listed. [11] In July 2021, Orient Refractories was renamed to RHI Magnesita India. [12] RHI Magnesita India is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange. [13]
The company produces roughly 3 million tons of refractory products each year at 35 main production and 10 main raw material sites around the world. [14] [15] [16]
Euronext N.V. is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.
SIX Swiss Exchange, based in Zürich, is Switzerland's principal stock exchange. SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.
Liberty Global plc is a multinational telecommunications company with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Plc, Liberty Global B.V. and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).
Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) with its registered office in Vienna, Austria, is one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees.
Deutsche Börse AG, or the Deutsche Börse Group, is a German multinational that offers a marketplace for organizing the trading of shares and other securities. It is also a transaction services provider, giving companies and investors access to global capital markets. It is a joint stock company and was founded in 1992, with headquarters in Frankfurt. On 1 October 2014, Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative.
The Wiener Börse AG is a bourse situated in Vienna, Austria. The exchange also owns and operates the Prague Stock Exchange, and holds stakes in energy exchanges and clearing houses. It provides market infrastructure to other exchanges in Central, Eastern, and Southeastern Europe, and collects and distributes stock market data and calculates the most important indices of the region. The Austrian Traded Index (ATX), the leading index of Wiener Börse, tracks the price of its blue chips in real time. The ATX composition is updated every March and September, mainly based on a stock's capitalized free float and trading volumes.
NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca. NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc. On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan. The corporation was then acquired by Intercontinental Exchange, which subsequently spun off Euronext.
Börse Berlin AG is a stock exchange based in Berlin, Germany, founded in 1685 through an edict of Great Elector Friedrich Wilhelm and is one of the oldest exchanges in Germany.
Bechtle AG is a multinational technology company with a business model combining information technology services with the direct sale of hardware and software IT products, as well as the operation and maintenance of IT infrastructure for industrial customers and public-sector clients. The Bechtle Group is headquartered in Neckarsulm, Baden-Württemberg, and organised into multiple parent and holding companies.
London Stock Exchange Group plc is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.
USU Software AG is a multinational software and services conglomerate headquartered in Möglingen,Germany. The company focuses primarily on digitalizing IT and customer services.
MorphoSys AG is a German biopharmaceutical company founded in 1992. The company is headquartered near Munich, Germany and has a wholly owned subsidiary, MorphoSys US Inc., in Boston MA in the US. The company has various antibody, protein and peptide technologies that it uses to discover and develop both proprietary and partnered drug candidates. The company has more than 100 drugs in its wider pipeline that are being investigated for a variety of diseases. While many of these are being developed in partnership with pharma and biotech companies, MorphoSys also has a proprietary pipeline with a focus on cancer and autoimmune diseases.
NIBC Bank N.V. is a commercial bank in the Netherlands offering corporate and retail banking products and services. Its corporate banking activities range from advising, structuring, financing and co-investing across debt and equity in Northwest Europe with a focus on the Netherlands and Germany. The retail banking activities primarily consist of mortgage lending in the Netherlands and online retail savings products and services in the Netherlands, Germany and Belgium via the NIBC Direct brand.
Central European Gas Hub AG is a natural gas company based in Vienna, Austria. It was founded in 2005 as a subsidiary of OMV Gas & Power GmbH. In December 2009, CEGH, together with Wiener Börse AG, opened the CEGH Gas Exchange Spot Market. The Futures market followed in December 2010. CEGH is owned by OMV Gas & Power GmbH (65%), Wiener Börse AG 20% and the Slovak gas transmission system operator eustream a.s. (15%).
Until 2020 the Central and Eastern Europe (CEE) Stock Exchange Group (CEESEG) was a holding company comprising the stock exchanges of Vienna and Prague. The holding company was the strategic and financial leader and also responsible for the administration of the equity interests, while the day-to-day operation of the exchanges were taken care of locally by the two subsidiaries. In 2020 the Vienna Stock Exchange decided to simplify its group structure. In order to reduce expenses and costs, Wiener Börse AG merged with the former group holding company CEESEG AG. The Prague Stock Exchange is now a 99.54% subsidiary of Wiener Börse AG.
Sapiens International Corporation is a publicly traded company, headquartered in Israel, that develops computer software for the insurance industry.
Vontobel Holding AG is a Swiss private banking and investment management group headquartered in Zurich. Established in 1924, as of August 2021, Vontobel has over 2,000 employees across 26 worldwide locations. Vontobel group's core businesses are Wealth Management, Asset Management and Digital Investing, catering to wealthy private clients as well as institutional investors. Among the top tier Swiss banks, Vontobel holds around $300 billion of client assets.
CNH Industrial N.V. is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. The company is listed on the New York Stock Exchange. The company is incorporated in the Netherlands. The seat of the company is in Amsterdam, Netherlands, with a principal office in London, England.
TeamViewer SE is an international technology company headquartered in Göppingen, Germany. The company became known for the TeamViewer remote access and support software of the same name. TeamViewer offers its customers a global platform for connecting, monitoring, and controlling computers, machines, and other devices. TeamViewer's software is used in companies of all sizes and from all industries, for example, to digitalize processes along the industrial value chain. The company is listed on the stock exchange and is a member of MDAX and TecDAX.
S IMMO AG is a real estate investment company that invests in properties in Austria, Germany and Central and Eastern Europe. As of the end of 2022, its property assets totalled just under EUR 3.3 billion.
| International | |
|---|---|
| National | |
