Half Year Results 

RHI Magnesita ups synergy target

RHI Magnesita ups synergy target

RHI Magnesita (RHIM) was formed in October 2017 through the merger of RHI and Magnesita Refratarios, creating the world’s largest manufacturer of refractories – products used in high-temperature industrial processes. The combined group’s first-half results imply things are going well: annualised savings from synergies are now expected to hit €110m (£99m) by 2020, up from €70m previously. However, the cost of integration has also increased, from €70m to between €110m and €130m.

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