RHI Magnesita Half Year Results 2020: Resilient performance in tough market conditions

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RHI Magnesita, the leading global supplier of refractory products, systems and services, today announces its results for the six months ended June 30, 2020. The company responded swiftly to a very challenging environment due to the COVID-19 crisis. Safe working conditions were established and liquidity, production and supply chains were maintained. “Conditions in our key markets have been consistent with the assumptions made for our COVID-19 scenario planning work and we have reacted quickly to reduced demand by taking prudent measures to preserve cash and manage costs,” says Stefan Borgas, CEO RHI Magnesita.
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