After successful commissioning and handover of the KHD pyro process system at Raipur, India, in December 2015, Shree Cement has again entrusted KHD with another pyro line at their Raipur plant in Eastern India. KHD will supply the following key equipment:
Commissioning for the Raipur Line II is expected in third quarter of 2017.
After updating its annual budget, KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2016 financial year accordingly.
Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed the KHD Management Board about the resignation of Mr. Johan Cnossen as Chief Executive Officer and member of the Management Board with immediate effect.
As informed in the ad hoc announcement dated June 19, 2015, errors were identified in the measurement of individual projects in the 2014 financial year relating to Humboldt Wedag, Inc., the US subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne. In an ad hoc publication dated August 11, 2015, KHD announced a reduction of earnings before interest and taxes (EBIT) amounting to € 13.7 million and an equity reduction in an amount of € 14.9 million based on a preliminary assessment of the error. In accordance with IAS 8, the error correction was done retrospectively while preparing the Half Year Report 2015.