Latest news with #RHIMagnesita
National Post
27-06-2025
- Business
- National Post
RHI Magnesita and BPI, Inc. Announce Strategic Joint Venture to Accelerate Circular Economy Initiatives in North America
Article content TAMPA, Fla. — RHI Magnesita, the leading global supplier of high-grade refractory products, systems, and solutions, and BPI, Inc., a renowned US based leader in minerals processing, including refractory raw materials and specialty products, are pleased to announce a transformative joint venture to expand circular economy initiatives and accelerate sustainability across North America. Article content The strategic partnership combines RHI Magnesita's (RHIM) global refractory expertise with BPI, Inc.'s (BPI) robust US infrastructure, local sourcing, and technical processing capabilities. This collaboration is set to create a powerful platform for innovation in circular raw material processing and recycling. It aims to significantly enhance the sustainability of the refractory industry, which is essential to the production processes for cement, steel, aluminum, and many other industrial producers in the North America region. Article content Key Highlights of the Joint Venture: Article content Proximity to customers: with a combined 20 plant locations across PA, OH, MO, NC, AL, CA, IN, OK, and Canada, RHI Magnesita and BPI are strategically positioned close to customers, allowing for the delivery of locally sourced products and solutions, effectively shortening supply chains. Enhanced portfolio: the combined companies possess technical and analytical services, expanded access to high-quality domestically sourced circular raw materials, and expert sales teams who offer customized solutions, from raw materials to finished goods. Innovation & sustainability: advanced, in-house R&D teams will collaborate to explore and develop state-of-the-art solutions that will improve safety, endurance, and efficiency, while decreasing the collective carbon footprint. Article content The newly announced partnership represents an innovative move toward enhancing sustainable refractory solutions while also providing a strategic platform for the sourcing of domestic refractory raw materials in North America. Article content 'This joint venture is more than a partnership; it's a bold step toward redefining industry standards for sustainable sourcing and material recovery,' said Craig Powell, Regional President, North America, RHI Magnesita. 'We are excited about the future and look forward to supporting our customers with expanded capabilities that will forge new solutions for safety and efficiency while reducing environmental impact.' Article content Joe Quigley, BPI President, also shared, 'At BPI, we are committed to providing high-quality mineral products. Partnering with RHIM will expand our portfolio and enhance our efforts to offer circular solutions. We are excited about the progress our combined companies will achieve for a better future.' Article content The joint venture is subject to customary closing conditions and is expected to be completed in H2 2025. Article content About RHI Magnesita Article content RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices. RHI Magnesita intends to leverage its leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefiting from more dynamic economic growth prospects. Article content The Group is listed within the Equity Shares (Commercial Companies) category ('ESCC') of the Official List of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the Vienna Stock Exchange (Wiener Börse). For more information please visit: About BPI, Inc. BPI, Inc. is an U.S.-based leader in mineral processing, including refractory raw materials and specialty mineral products, serving the steel, foundry, aluminum, and cement industries. With advanced processing facilities and a strong focus on sustainability, BPI, Inc. is at the forefront of innovation in material recovery and recycling and is a trusted partner to its customers. BPI operates 7 recycling facilities, 1 office and in-house R&D lab across 5 states, including PA, OH, AL, IN, and OK with approximately 100 employees. Article content Article content Article content Article content Media Article content : Article content Article content Ryan Kirby Article content Article content Article content
Yahoo
28-04-2025
- Business
- Yahoo
Should You Be Excited About RHI Magnesita N.V.'s (LON:RHIM) 11% Return On Equity?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of RHI Magnesita N.V. (LON:RHIM). Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for RHI Magnesita is: 11% = €154m ÷ €1.4b (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.11. Check out our latest analysis for RHI Magnesita Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. Pleasingly, RHI Magnesita has a superior ROE than the average (5.5%) in the Basic Materials industry. That's what we like to see. With that said, a high ROE doesn't always indicate high profitability. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. Our risks dashboardshould have the 4 risks we have identified for RHI Magnesita. Most companies need money -- from somewhere -- to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. RHI Magnesita clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.28. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it. Return on equity is useful for comparing the quality of different businesses. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to check this FREE visualization of analyst forecasts for the company. Of course RHI Magnesita may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
22-03-2025
- Business
- Yahoo
Analysis-EU's red tape cuts leave big businesses wanting more
By Kate Abnett BRUSSELS (Reuters) - Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union's 52-page 'Simplification Omnibus', which would exempt smaller companies from sustainability reporting and pare back obligations on supply chain transparency, has left bigger companies like RHI Magnesita frustrated and pushing for more. The reforms were billed as a drive to remove layers of bureaucracy that cost European businesses time and money and set them at a disadvantage against cheaper rivals in China and in the U.S. where the Trump administration is aggressively rolling back regulation to spur growth. "It looks, at least at first glance, that it actually doesn't change very much," RHI Magnesita's chief executive Stefan Borgas told Reuters. RHI Magnesita says it conducts an additional audit and employs three or four full-time employees to collect the amount of data required by the EU law, which asks companies to report on more than 1,000 sustainability data points. The firm's global business spans 65 production sites and employs 20,000 staff. It reported adjusted earnings before tax, interest and amortization of 407 million euros in 2024. February's proposals were part of a broader package of EU reforms aimed at bolstering European competitiveness and encouraging industry to decarbonise. EU leaders discussed further rounds of reforms at a summit in Brussels on Thursday, where they published a joint statement asking the Commission to target rules around industrial decarbonisation and defence next. The European Commission's proposals to curb sustainability rules will bring relief to businesses employing fewer than 1,000 staff, which the plans would exempt from the reporting rules. It forecasts companies will save 4.4 billion euros ($4.77 billion) per year. Larger companies are likely to benefit more from proposed changes to supply chain transparency rules, which the Commission says would more than halve the estimated annual compliance costs of 480,000 euros for the largest companies. Still, big business remains unconvinced. The AFEP group of the 118 biggest private businesses in France said the proposals "do not correct the bureaucratic burden" for larger companies. Gwenaelle Avice Huet, Europe head of French blue-chip Schneider Electric, with annual revenues of 38 billion euros, said big companies have "been a little bit set aside". However, she did welcome the shelving of plans to introduce more specific reporting for each sector. "At least this one has been postponed," Huet said. "But this is really minimal. We aren't talking about simplification." DIVISIONS OVER DEREGULATION Not everyone is in favour of the deregulation drive. Opponents say it reduces corporate accountability and the ability to root out issues around human rights or the environment in large firms' operations. Some investors say the changes would make it harder to decide where to put money to help the bloc reach its climate goals. RHI Magnesita boss Borgas said the time and costs involved for the fireproof materials manufacturer to fulfil its obligations are resources that "at the end of the day, we cannot invest in CO2 emission reductions." There is growing recognition amongst some European Commissioners that even as the bloc maintains it will not walk back its net zero emission target and other climate goals, excessive red tape is a drain on competitiveness. "We realised that we created an economy around these new texts with new specialists, new companies, consulting firms," European Commission industry chief Stephane Sejourne said, of the sweeping nature of sustainability laws, prior to the proposed changes. Europe-wide industry group BusinessEurope said its members expected the U.S. 'deregulation agenda' to divert investment away from Europe. Further 'simplification' packages for autos and farming regulations are already in the works. "In a way, this proposal opens the door for wish lists for more changes," said one senior EU diplomat. The proposals must still be approved by European lawmakers, amongst whom there are deep divisions. Earlier proposals seen by Reuters would have loosened the rules further, exempting more companies. They were changed after push back from some Commissioners, EU officials told Reuters. Some say Brussels is not solely to blame for excessive red tape. Bulgarian EU lawmaker, Radan Kanev, with the European People's Party said much of it was the result of national governments poorly implementing EU rules, creating layers of overlapping EU, national and regional bureaucracy. A 2024 paper by the Columbia Business School and New York University Shanghai found the economic cost of red tape varies significantly between EU countries - from just 0.1% of GDP in Austria, to 3.9% in France. "This is a problem which is so deeply connected to what happens in our national bureaucracies that I'm afraid it's not easily solvable," Kanev said. ($1 = 0.9218 euros)
Zawya
21-03-2025
- Business
- Zawya
EU's red tape cuts leave big businesses wanting more
BRUSSELS - Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union's 52-page 'Simplification Omnibus', which would exempt smaller companies from sustainability reporting and pare back obligations on supply chain transparency, has left bigger companies like RHI Magnesita frustrated and pushing for more. The reforms were billed as a drive to remove layers of bureaucracy that cost European businesses time and money and set them at a disadvantage against cheaper rivals in China and in the U.S. where the Trump administration is aggressively rolling back regulation to spur growth. "It looks, at least at first glance, that it actually doesn't change very much," RHI Magnesita's chief executive Stefan Borgas told Reuters. RHI Magnesita says it conducts an additional audit and employs three or four full-time employees to collect the amount of data required by the EU law, which asks companies to report on more than 1,000 sustainability data points. The firm's global business spans 65 production sites and employs 20,000 staff. It reported adjusted earnings before tax, interest and amortization of 407 million euros in 2024. February's proposals were part of a broader package of EU reforms aimed at bolstering European competitiveness and encouraging industry to decarbonise. EU leaders discussed further rounds of reforms at a summit in Brussels on Thursday, where they published a joint statement asking the Commission to target rules around industrial decarbonisation and defence next. The European Commission's proposals to curb sustainability rules will bring relief to businesses employing fewer than 1,000 staff, which the plans would exempt from the reporting rules. It forecasts companies will save 4.4 billion euros ($4.77 billion) per year. Larger companies are likely to benefit more from proposed changes to supply chain transparency rules, which the Commission says would more than halve the estimated annual compliance costs of 480,000 euros for the largest companies. Still, big business remains unconvinced. The AFEP group of the 118 biggest private businesses in France said the proposals "do not correct the bureaucratic burden" for larger companies. Gwenaelle Avice Huet, Europe head of French blue-chip Schneider Electric, with annual revenues of 38 billion euros, said big companies have "been a little bit set aside". However, she did welcome the shelving of plans to introduce more specific reporting for each sector. "At least this one has been postponed," Huet said. "But this is really minimal. We aren't talking about simplification." DIVISIONS OVER DEREGULATION Not everyone is in favour of the deregulation drive. Opponents say it reduces corporate accountability and the ability to root out issues around human rights or the environment in large firms' operations. Some investors say the changes would make it harder to decide where to put money to help the bloc reach its climate goals. RHI Magnesita boss Borgas said the time and costs involved for the fireproof materials manufacturer to fulfil its obligations are resources that "at the end of the day, we cannot invest in CO2 emission reductions." There is growing recognition amongst some European Commissioners that even as the bloc maintains it will not walk back its net zero emission target and other climate goals, excessive red tape is a drain on competitiveness. "We realised that we created an economy around these new texts with new specialists, new companies, consulting firms," European Commission industry chief Stephane Sejourne said, of the sweeping nature of sustainability laws, prior to the proposed changes. Europe-wide industry group BusinessEurope said its members expected the U.S. 'deregulation agenda' to divert investment away from Europe. Further 'simplification' packages for autos and farming regulations are already in the works. "In a way, this proposal opens the door for wish lists for more changes," said one senior EU diplomat. The proposals must still be approved by European lawmakers, amongst whom there are deep divisions. Earlier proposals seen by Reuters would have loosened the rules further, exempting more companies. They were changed after push back from some Commissioners, EU officials told Reuters. Some say Brussels is not solely to blame for excessive red tape. Bulgarian EU lawmaker, Radan Kanev, with the European People's Party said much of it was the result of national governments poorly implementing EU rules, creating layers of overlapping EU, national and regional bureaucracy. A 2024 paper by the Columbia Business School and New York University Shanghai found the economic cost of red tape varies significantly between EU countries - from just 0.1% of GDP in Austria, to 3.9% in France. "This is a problem which is so deeply connected to what happens in our national bureaucracies that I'm afraid it's not easily solvable," Kanev said. ($1 = 0.9218 euros) (Reporting by Kate Abnett; additional reporting by Lili Bayer and Julia Payne; editing by Richard Lough and Elaine Hardcastle)
Reuters
21-03-2025
- Business
- Reuters
EU's red tape cuts leave big businesses wanting more
BRUSSELS, March 21 (Reuters) - Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union's 52-page 'Simplification Omnibus ', which would exempt smaller companies from sustainability reporting and pare back obligations on supply chain transparency, has left bigger companies like RHI Magnesita ( opens new tab frustrated and pushing for more. The reforms were billed as a drive to remove layers of bureaucracy that cost European businesses time and money and set them at a disadvantage against cheaper rivals in China and in the U.S. where the Trump administration is aggressively rolling back regulation to spur growth. "It looks, at least at first glance, that it actually doesn't change very much," RHI Magnesita's chief executive Stefan Borgas told Reuters. RHI Magnesita says it conducts an additional audit and employs three or four full-time employees to collect the amount of data required by the EU law, which asks companies to report on more than 1,000 sustainability data points. The firm's global business spans 65 production sites and employs 20,000 staff. It reported adjusted earnings before tax, interest and amortization of 407 million euros in 2024. February's proposals were part of a broader package of EU reforms aimed at bolstering European competitiveness and encouraging industry to decarbonise. EU leaders discussed further rounds of reforms at a summit in Brussels on Thursday, where they published a joint statement asking the Commission to target rules around industrial decarbonisation and defence next. The European Commission's proposals to curb sustainability rules will bring relief to businesses employing fewer than 1,000 staff, which the plans would exempt from the reporting rules. It forecasts companies will save 4.4 billion euros ($4.77 billion) per year. Larger companies are likely to benefit more from proposed changes to supply chain transparency rules, which the Commission says would more than halve the estimated annual compliance costs of 480,000 euros for the largest companies. Still, big business remains unconvinced. The AFEP group of the 118 biggest private businesses in France said the proposals "do not correct the bureaucratic burden" for larger companies. Gwenaelle Avice Huet, Europe head of French blue-chip Schneider Electric ( opens new tab, with annual revenues of 38 billion euros, said big companies have "been a little bit set aside". However, she did welcome the shelving of plans to introduce more specific reporting for each sector. "At least this one has been postponed," Huet said. "But this is really minimal. We aren't talking about simplification." DIVISIONS OVER DEREGULATION Not everyone is in favour of the deregulation drive. Opponents say it reduces corporate accountability and the ability to root out issues around human rights or the environment in large firms' operations. Some investors say the changes would make it harder to decide where to put money to help the bloc reach its climate goals. RHI Magnesita boss Borgas said the time and costs involved for the fireproof materials manufacturer to fulfil its obligations are resources that "at the end of the day, we cannot invest in CO2 emission reductions." There is growing recognition amongst some European Commissioners that even as the bloc maintains it will not walk back its net zero emission target and other climate goals, excessive red tape is a drain on competitiveness. "We realised that we created an economy around these new texts with new specialists, new companies, consulting firms," European Commission industry chief Stephane Sejourne said, of the sweeping nature of sustainability laws, prior to the proposed changes. Europe-wide industry group BusinessEurope said its members expected the U.S. 'deregulation agenda' to divert investment away from Europe. Further 'simplification' packages for autos and farming regulations are already in the works. "In a way, this proposal opens the door for wish lists for more changes," said one senior EU diplomat. The proposals must still be approved by European lawmakers, amongst whom there are deep divisions. Earlier proposals seen by Reuters would have loosened the rules further, exempting more companies. They were changed after push back from some Commissioners, EU officials told Reuters. Some say Brussels is not solely to blame for excessive red tape. Bulgarian EU lawmaker, Radan Kanev, with the European People's Party said much of it was the result of national governments poorly implementing EU rules, creating layers of overlapping EU, national and regional bureaucracy. A 2024 paper by the Columbia Business School and New York University Shanghai found the economic cost of red tape varies significantly between EU countries - from just 0.1% of GDP in Austria, to 3.9% in France. "This is a problem which is so deeply connected to what happens in our national bureaucracies that I'm afraid it's not easily solvable," Kanev said. ($1 = 0.9218 euros)
