RHI Magnesita N.V. RHI Magnesita: chairman and CEO opened the market
October 30 2017 - 6:00AM
RNS Non-Regulatory
TIDMRHIM
RHI Magnesita N.V.
30 October 2017
RHI Magnesita: chairman and CEO have opened the market to mark
the success of the listing on 27 October
-- Chairman of the Board of Directors Cordt
and CEO Borgas have opened the market
at the London Stock Exchange on Monday
-- Closing as a start of new corporate culture,
new branding and new logo
-- Repositioning in the market and integration
as next major steps
Vienna/London, October 30, 2017 - RHI Magnesita has been
admitted to trading in the Premium Segment of the Main Market on
the London Stock Exchange since last Friday. Today, Herbert Cordt,
Chairman of the Board of Directors of RHI Magnesita, and Stefan
Borgas, CEO of RHI Magnesita, have opened the market at the start
of the trading day on the London Stock Exchange. Herbert Cordt on
the future of the Group: "After the successful combination, RHI
Magnesita is now fully dedicated to the strategic repositioning as
the global leader in the refractory industry. With our 14,000
employees, we can drive positive change in our industry and aim to
offer our customers an even greater value proposition in the
future." Among others, Martin Eichtinger, Austrian ambassador, and
Thiago Osti, Head of the Trade & Investment Section of the
Brazilian Embassy, as well as the trade commissioners of both
countries, Katharina Kastner and Christian Kesberg (Austria) and
Sidney Romeiro (Brazil) were present at the Market Opening Ceremony
of RHI Magnesita.
Opening the market at 8 a.m. also serves as a symbolic act: on
the one hand, it is an internal message addressed to all employees
that the combination has now been completed; on the other hand, RHI
Magnesita presents itself as a new member of one of the world's
most important financial centers, the London Stock Exchange.
RHI Magnesita - the driving force of the refractory industry
The new company has risen to the top of the refractory industry
a result of the combination and plans to strengthen and further
expand this role. RHI Magnesita operates 35 raw material and
production plants and more than 70 sales offices worldwide and its
product portfolio comprises more than 120,000 individual refractory
products. In addition, RHI Magnesita invests more than any other
competitor in production and service innovations every year focused
at two main R&D centres in Leoben (Austria) and Contagem
(Brazil).
New branding and logo for a common corporate culture
Stefan Borgas explains the background of the new banding: "Our
brand is a promise to our customers and employees. It is about
seamless continuity for our customers and about transparent change
processes for our employees, as well as the clearest possible
communication of the integration measures. With the branding, we
are setting a clearly visible signal, which is also intended to
support the integration of the two companies."
In the integration, the management of RHI Magnesita builds on
collaborative, cross-functional work for the benefit of the
customers. The new RHI Magnesita brand and the new logo are
intended to help build a bridge for the employees of the two
companies.
The positioning of the brand is based on three pillars:
-- Global presence: Thanks to its great geographic
reach, RHI Magnesita is in a position
to supply and service customers around
the world better than other manufacturers
and to ensure supply continuity even under
challenging circumstances.
-- Innovation: The company drives innovation
in all segments; this equally refers to
materials, automation, big data and new
business models.
-- Mindset: The employees of RHI Magnesita
act customer-focused and innovatively.
They are open to change and new ideas.
The new logo and the visual system based on it consist of a
horizontal eight, the symbol of infinity, and the shapes of
refractory bricks. The RHI Magnesita brand stands for the
continuity of commitment and service, the connection of employees
and customers around the world and the underlying solidity of
refractory products. Stefan Borgas says: "The combination offers us
the unique opportunity to create a new, common corporate culture. I
consider this an important step towards a successful implementation
of the integration. It is clear that we still have to fill the
promises of the new brand with life and deliver them."
About RHI Magnesita
RHI Magnesita is the result of the combination of RHI and
Magnesita to form the leading global supplier of high-grade
refractory products, systems and services which are indispensable
for industrial high-temperature processes exceeding 1,200degC in a
wide range of industries, including steel, cement, non-ferrous
metals, and glass, among others. With a vertically integrated value
chain, from raw materials to refractory products and full
performance-based solutions, RHI Magnesita serves more than 10,000
customers in nearly all countries around the world.
With more than 14,000 employees in 35 main production sites and
more than 70 sales offices, the company has unmatched geographic
diversification. RHI Magnesita intends to use its global leadership
in revenue, greater scale, complementary product portfolio and
diversified geographic presence to target markets and regions
benefitting from more dynamic economic growth prospects.
The combined company generated pro forma EUR2.5 billion in
revenues in the financial year 2016. For further information please
visit www.rhimagnesita.com
Enquiries:
RHI Magnesita N.V.
Stefan Rathausky, Head of Corporate Communications
Tel +43 50213-6059
E-mail: stefan.rathausky@rhimagnesita.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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