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Annual Report 2016

Annual Report 2016 more ...

Our way to the top

Our way to becoming the world market and technology leader began in the year 1834. Mergers of leading refractories companies during more than a century have formed the basis for the position we hold today.

Overview of our history

1834: establishment of the fireclay factory Chamottefabrik F. Didier in Podejuch by Friedrich Ferdinand Didier near Stettin (then Prussia, today Poland). 

1881: Carl Spaeter discovers the magnesite deposit in Veitsch (Styria, Austria).

1899: establishment of Veitscher Magnesitwerke Actien-Gesellschaft.

1908: discovery of the magnesite deposit at Millstätter Alpe (Carinthia, Austria) by mining engineer Josef Hörhager. Emil Winter, a German-American, acquires the mining rights and founds the Austro-American Magnesite Company

1919: Atilio Franchi establishes Dolomite Franchi, a company manufacturing dolomite-based refractory products, in Marone, Italy.

1959/60: Veitscher Magnesitwerke establishes the research and development institute in Leoben, Austria, which is still based there today.

1987: management buyout of the American General Refractories Co. - Radex Heraklith Industriebeteiligungs AG is created.

1993: merger of the two traditional Austrian companies Radex Austria AG and Veitscher Magnesitwerke Actien-Gesellschaft to form Veitsch-Radex AG
Acquisition of majority stake in Dolomite Franchi.

1995: acquisition of majority stake in Didier-Werke AG.

1998: establishment of RHI AG, then a holding company.

1999: takeover of GIT/Harbison-Walker, USA.

2001: deconsolidation of GIT/Harbison-Walker within Chapter 11 proceedings.

2006: sale of Heraklith AG. The strategic reorientation with a focus on refractories is completed.

2007: integration of Monofrax, the leading supplier of fused cast refractory products for the glass industry.

2008: acquisition of two ISO plants from Foseco.

2010: 100% takeover of Didier-Werke AG.

2011: takeoveor of RHI Normag AS, RHI Podolsk Refractories and Premier Periclase Ltd.

2012: 100% takeover of Stopinc AG.

2013: acquisition of 69.9% stake in Orient Refractories Ltd.

2016: sale of Monofrax.