Heraklith Extends Rock Wool Profile

Heraklith AG, the lead unit of the insulating division of RHI AG of Austria, has significantly reinforced its position int he central and eastern European rock wool market. On 21 December/04, Heraklith signed an agreement to by an initial 50% share of its Slovernian partner EuroVek, providing for a complete takeover of the engineering company by 2008. Together with Heraklith, EuroVek is one of the few specialists worldwide with expertise in establishing and modernising rock wool production for insulating materials. It has a turnover of around 5M Euros and provides consulting services to insulating producers. The move is part of Heraklith's strategy of expansion into the growth markets of eastern Europe, particularly Russia.