Leading Austria-based refractories producer, RHI AG, recorded a 25.1% fall in revenue during H1 2009; with sales of €604.5m. ($870m.), down from €806.8m. in the first half of 2008. The company’s profits also took a hit – falling 98.8% to €2.3m.
“As a result of the market situation, incoming orders and the revenue development of RHI declined in all divisions in the first half of 2009,” the company said.
“RHI...