RHI financials suffer in 2013 but company sticks to guns on raw materials

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 560, 2014 (Ejemplar dedicado a: Mayo)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "The plant in Norway will burden the result of the year 2014 with approximately EUR15-20m," RHI noted but said that, despite the difficulties it had experienced in Porsgrunn, "RHI will adhere to its raw material integration strategy and considers the access to its own raw materials as a strategic competitive advantage." "In the 2013 business year [RHI] invested U21m in research, development and innovation, which is more than 1% of RHI's total sales," the company told IM.

    Weaker capacity utilisation at RHI's other production plants and write-offs totalling EUR6.5m related to RHI's Brazilian investments also hit operating margins and revenues for the raw materials division reached EUR274.4m, up from EUR237.6m the previous year, but which RHI termed "disappointing".