Welcome to our dedicated page for Rhi Magnesita news (Ticker: RHHMY), a resource for investors and traders seeking the latest updates and insights on Rhi Magnesita stock.
News for RHI MAGNESITA NV UNSP/ADR (RHHMY) centers on the global activities of RHI Magnesita, which describes itself as the leading supplier of high-grade refractory products, systems and solutions for high-temperature industrial processes. Company announcements highlight developments that affect customers in steel, cement, non-ferrous metals, glass, aluminium and other industrial sectors.
Recent news includes the completion of the acquisition of the U.S.-based Resco Group, a producer of shaped and unshaped refractories for petrochemical, cement, aluminium and steel-making industries. This transaction is presented as a milestone for RHI Magnesita’s North American footprint, with a focus on enhancing its product portfolio, increasing local-for-local production, improving supply chain security and supporting growth in alumina-based refractories.
Another notable news theme is circular economy and sustainability. RHI Magnesita and BPI, Inc. have announced a strategic joint venture aimed at circular raw material processing and recycling in North America. The partnership emphasizes proximity to customers, domestically sourced circular raw materials and collaboration between technical and R&D teams to improve safety, endurance and efficiency while reducing the carbon footprint of refractory use.
News coverage also reflects RHI Magnesita’s digitalization efforts, such as its partnership with o9 Solutions to implement a global Integrated Business Planning process using the o9 Digital Brain platform. Readers following RHHMY-related news can expect updates on acquisitions, joint ventures, sustainability initiatives, supply chain and planning projects, and other corporate developments that shape the company’s role in the global refractory industry.
RHI Magnesita (OTC:RHHMY) reported 2025 results with revenue €3.4 billion (down 3%; -1% at constant currency) and Adjusted EBITA €373 million (margin 11.1%).
Cash conversion was strong at 105% with free cash flow €214 million. Net debt rose to €1.5 billion after the €391 million Resco acquisition; leverage improved to 2.9x, ahead of 3.0x guidance. North America revenue grew 22% to €863 million; recycling rate hit 15.9%, exceeding a 15% target. Outlook focuses on synergy realisation, cash generation and deleveraging toward ~2.6x in 2026.
RHI Magnesita (OTC:RHHMY) and BPI, Inc. have announced a strategic joint venture to enhance circular economy initiatives in North America. The partnership combines RHI Magnesita's global refractory expertise with BPI's US infrastructure and processing capabilities across 20 plant locations in multiple states.
The collaboration aims to strengthen sustainable refractory solutions and domestic raw material sourcing, focusing on serving industries such as cement, steel, and aluminum production. Key aspects include improved proximity to customers, enhanced product portfolio with technical services, and advanced R&D collaboration for developing sustainable solutions.
The joint venture is expected to complete in H2 2025, subject to customary closing conditions.
RHI Magnesita (RHHMY) has completed the acquisition of U.S.-based Resco Group for an enterprise value of $410 million (€390 million), marking its largest investment since the RHI and Magnesita merger in 2017. The acquisition significantly expands RHHMY's North American footprint and enhances local-for-local production capabilities.
The strategic acquisition will deliver multiple benefits including: an enhanced product portfolio with focus on alumina-based refractories, improved supply chain security through reduced reliance on international imports, enhanced logistical efficiencies, and advanced refractory recycling solutions. RHI Magnesita plans to invest in Resco's plants to upgrade facilities, increase capacities, and introduce new product lines.
Resco Group, with its 78-year history, brings strong expertise in the petrochemical, cement, and aluminum sectors, complementing RHHMY's existing operations.
o9 Solutions has formed a strategic partnership with RHI Magnesita to deploy the o9 Digital Brain platform for Integrated Business Planning (IBP) globally. This partnership aims to enhance RHI Magnesita's supply chain capabilities, providing comprehensive visibility and automation in planning processes. The o9 platform will allow RHI Magnesita to anticipate supply chain risks, improve inventory planning, and create value for customers. With a workforce of around 13,500 across 33 production sites, RHI Magnesita is focused on leveraging its expertise in high-temperature processes for diverse industries such as steel and glass. The collaboration is vital for RHI Magnesita's ambitions to optimize operations and retain market leadership in a volatile industry.