RHI AG now has total control of Stopinc AG, a manufacturer of special refractory products for use in the iron and steel industry. Stopinc will be maintained as an independent company with production sites and sales offices in the US and China as well as service offices in Brazil, India and Russia.
RHI AG, the world market leader in refractories, took over 100% of Stopinc AG on 18 January 2012. Stopinc AG produces and sells special refractory products for use in the iron and steel industry. RHI AG already held a 50% stake in the Swiss company.
With this takeover, RHI AG strengthens the Flow Control segment, which covers the regulated flow of liquid steel and nonferrous metals in the production process.
Stopinc AG is one of the world market leaders in this segment with its Interstop brand and focuses on special products. RHI AG will keep the brand and will continue to expand its activities, especially in Asia, and to invest in research.
Stopinc AG, which is based in Hünenberg, Switzerland, will be maintained as an independent company with production sites and sales offices in the US and China as well as service offices in Brazil, India and Russia. The company’s 90 employees generated revenues of EUR 29.4 million in financial year 2010. In the course of taking over Didier-Werke AG in 1996, RHI AG acquired a 50% stake in Stopinc AG.
RHI employs roughly 8,000 people worldwide at 32 production sites in Europe, North and South America, South Africa and China, and is represented by more than 70 sales offices on four continents. The headquarters is located in Vienna, Austria. In the first three quarters of 2011, RHI recorded revenues of EUR 1,280.8 million. (Q1-Q3 2011: EUR 1,122.0 million, financial year 2010: EUR 1,522.9 million). The RHI share is listed on the Prime Market of the Vienna Stock Exchange.