RHI AG successfully completes acquisition of Monofrax assets

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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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Wien (euro adhoc) - On 19 December 2006 RHI signed a contract with
Vesuvius Crucible Company regarding the acquisition of all relevant
assets ("asset deal") of the US refractories company Monofrax Inc.,
which, in addition to fixed assets, also comprises all intangible
assets and the entire operating business. On 1 February 2007 the
transaction was closed, having solved all conditions precedent
including the approval of the relevant antitrust authorities. RHI has
established the new legal entity RHI Monofrax Ltd. for the
acquisition of the assets.

Monofrax is the only producer of fused cast refractories products in
the USA, which are used primarily in the glass industry. In 2005,
Monofrax reported annual revenue of USD 45 million in the USA,
Asia/Pacific and Europe. Monofrax has innovative products, important
patents and excellent business relations with the most important
glass producers worldwide.

In the growing glass market, RHI Refractories is the world’s largest
refractories supplier independent of the glass industry and already
operates modern production facilities for fused cast products in
Italy and China, as well as further production sites for refractories
for the glass industry in Europe and China.

With the integration of the Monofrax business into its worldwide
sales network, RHI Refractories is again significantly strengthening
its position as a full-line supplier and now most important
independent producer of fused cast refractories specialties. RHI
Refractories thus has another technologically, logistically and
economically optimal production site for high-grade refractory
products especially for the highly important special glass market in
North America. The new production network enables the sales force of
RHI and Monofrax to apply their refractories know-how, which will be
pooled in the future, to ensure an even more intensive joint market
penetration and optimal customer solutions worldwide.

end of announcement euro adhoc 02.02.2007 09:27:56
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ots Originaltext: RHI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
RHI AG
Investor Relations
Dkfm. Markus Richter
Tel: +43-1-50213-6123
Email: markus.richter@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing


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