THE
REFRACTORIES ENGINEER
Company News
Future Steel Forum • 25-26 September 2019 Budapest • Hungary
Industry 4.0 and the steelmaking process
If you want to know what’s happening in the world of ultra-high technology and the production of steel, then look no further than the steel conference dedicated 100% to Industry 4.0 and how it – and its related technologies – can aid and optimise the steel manufacturing process.
RHI Magnesita robust performance despite difficult end markets
RHI Magnesita, the leading global supplier of refractory products, systems and services, today announces its results for the six months ended June 30, 2019. “I am pleased to announce a robust financial performance in the first half of 2019,” says Stefan Borgas, CEO RHI Magnesita. “Despite difficult end markets, we have seen a very strong performance from our Industrial Division, offsetting a slightly softer performance from the Steel Division in more challenging market conditions.”
• The uncertainty in the steel markets is increasing. The results show lower volumes and a selective market share loss in Steel in Europe and North America, partly driven by customer destocking after a strong 2018. “Against this backdrop, we have seen the benefits of both our geographic and market diversification, as well as the strength of our operating platform. As a result, these challenges have so far been offset by our strategic initiatives. These include the benefits generated by our growth strategies, particularly in the Industrial Division and across Asia, as well as our ability to secure price increases,” explains Borgas.
• Growth markets continue to perform strongly. In China, RHI Magnesita won its first major solutions contract alongside revenue growth of 17%. The Indian revenue grew by 16%.
• The company shows good margin performance, despite less supportive raw material backdrop.
• The expected additional €20 million synergy benefit for 2019 is firmly on track. Improvement plans to recover €20 million in 2019 of the €40 million operating under performance during 2018, relating to four plants, are progressing in line with expectations. Some working capital expansion in H1 2019 is expected to be partly recovered by year end.
UNITECR 2019
The 16th United International Technical Conference on Refractories (UNITECR) will be held 13-16 October in Yokohoma, Japan.
UNITECR is the international technical refractories conference established in 1987 founded by four member associations: the American Ceramic Society,
the German Refractories Association, Association
Latinoamericana de Fabricantes de Refractarios and the Technical Association of Refractories, Japan. Three other associations, the Chinese Ceramic Society, the Indian Refractory maker’s Association and Fédération Européenne des Fabricants de Produits Réfractaires, have also joined as principal members to successfully organize the conference.
The concept of the UNITECR 2019 is: “Refractories for the Future: Collaboration among Customers, Manufacturers and Academia in pursuit of Future High-Temperature Technology.” UNITECR 2019 will present the world with the future of high-temperature technologies, to help making environmentally friendly world with conserving natural resources.
International Colloquium on Refractories
The International Colloquium on Refractories is a world renowned event held in the imperial city of Aachen, Germany.
Alternating annually between the topics “Suppliers Industries
enabling Refractories” and “Refractories enabling High Temperature Technologies”, this event takes place with up to 600 attendees.
The congress is accompanied by a trade exhibition at which 30 worldwide operating national and international companies exhibit.
The 62nd International Colloquium on Refractories is taking place on 25 to 26 September 2019.
September 2019 Issue
11
www.irengineers.co.uk www.ireng.org
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