SOURCE: RHJ International SA

March 15, 2011 07:15 ET

RHJ International: Trading Update - Effect of Earthquake in Japan

BRUSSELS, BELGIUM--(Marketwire - March 15, 2011) - Following the Tohoku earthquake which struck Northern Japan on Friday, March 11, 2011, and its tragic consequences RHJ International ("RHJI") expresses its deepest consideration and condolences to those affected and our sincere hopes for the earliest relief of the affected areas.

RHJI confirms that there are no reports of injuries to employees of its affiliated companies based in Japan.

The manufacturing facilities of Asahi Tec and Niles, including one facility located in the badly affected Fukushima prefecture, have not suffered structural damage. TMK, the subsidiary of Asahi Tec located in Nihonmatsu, Fukushima prefecture, is 55 kms from Fukushima No 1 Nuclear Plant and is impacted by electricity conservation efforts and power supply outages which have caused disruptions in the affected areas and elsewhere, as well as to customers and suppliers.

Phoenix Seagaia Resort, located on the South-East Pacific coast line of Japan, has not been directly affected by the earthquake.

Following RHJI's recent agreement to sell its 77.9% stake in Niles Co Ltd to Valeo, we continue to work towards closing the transaction in the first half of 2011.

RHJI continues to monitor the situation closely.

About RHJ International:

RHJ International (Euronext: RHJI) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. RHJI is transforming itself from a diversified industrial holding company into an active and dynamic financial services group. For further information visit: www.rhji.com.

This press release contains certain forward-looking statements concerning the Company's operations, economic performance and financial condition. Such forward-looking statements are based on management's current expectations, estimates and projections and are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company has no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release.

Full Press Release (PDF):

http://hugin.info/135946/R/1496886/432723.pdf

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Source: RHJ International SA via Thomson Reuters ONE

[HUG#1496886]

Contact Information

  • For further information please contact:

    Arnaud Denis
    Investor Relations Director
    Tel: +32 2 643 60 13
    E-mail: Email Contact