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RHI Magnesita 2020 Results

RHI Magnesita declares a gross profit margin of 24,4 % (2019: 24,5 %) and adjusted EBITA of 11,5 % (2019: 14,0 %). Furthermore, the Company achieved a positive adjusted operating cash flow of EUR 290 million (2019: EUR 359 million), supported by strong working capital management leading to a reduction in net debt to EUR 582 million (2019: EUR 650 million). The Board has recommended a final dividend of EUR 1,00 per share, bringing the total dividend in respect of 2020 to EUR 1,50 per share.

ALUMINIUM 2021 Rescheduled to 28–30 September

ALUMINIUM, the world’s leading trade fair for the aluminum industry, scheduled for 18–20 May 2021, in Dusseldorf, Germany, has been rescheduled to 28–30 September. Organizer Reed Exhibitions made this decision in light of the ongoing COVID-19 pandemic after discussions with exhibitors and partners. Uncertainties surrounding travel restrictions were also a deciding factor due to the international nature of ALUMINIUM.

CeramTec Launched 3D-Printed Components

CeramTec has implemented a 3D-printing process for the production of construction elements made from a new technical ceramics material. With ROCAR®3D, the internationally operating specialist for technical ceramics adds a new material to its portfolio and thereby combines the special material properties of silicon carbide (SiSiC) with the advantages of the fast, cost-effective 3D-printing process.

Magnesia and Refractories Major Kümas Acquired by Turkish Steel Leader Erdemir

One of the world’s leading magnesite producers, Kümas Manyezit Sanayi (Kümas) has been acquired by the country’s leading steel producer Erdemir for USD 340 million. Erdemir is part of the Mining Metallurgy Group of OYAK, Turkey’s largest complementary occupational pension fund with assets worth around USD 16 billion, headquartered in Ankara.

Withdrawal of Contract