For the past three years Weir has acted as KHD’s agent for the marketing of High Pressure Grinding Rolls (HPGRs) in the minerals sector, operating on a commission only basis. KHD is an originator of HPGR technology with 2011 and 2012 order intake relating to minerals HPGRs averaging €25m a year. This agreement has been replaced by an exclusive and perpetual license agreement, giving Weir direct control over the design, manufacture and distribution of HPGR equipment in minerals processing applications utilizing KHD’s technology, in return for royalty payments on equipment sales. Several KHD technical staff engaged in applying HPGRs in minerals processing will be offered employment with Weir.

The Italcementi Group (ITC) recently awarded KHD a contract to upgrade and redevelop its historic Brescia Rezzato plant. The upgraded plant, situated the in environmentally sensitive Lake Garda region, will have to adhere to very strict emissions, noise and other environmental requirements, while simultaneously ensuring highest levels of availability and low investment costs.

Today, the Supervisory Board of KHD Humboldt Wedag International AG has voted unanimously to elect Eliza Suk Ching Yuen as chairperson. Ms. Yuen has served on the KHD Supervisory Board since May 2011 and has been working in the function of deputy chairperson for the last several months.

Further to today’s postponement notice of the KHD Humboldt Wedag AG Annual General Meeting, the company would like to inform all shareholders that this change in date is not related to a takeover bid or any type operational business issues. The postponement is only due to a sudden technicality related to executing the AGM.

KHD Humboldt Wedag International AG (KHD), one of the world’s leading suppliers of equipment and services for the cement industry, published its 2011 Group Annual Report today. Group revenue fell from € 286.9 million to € 234.6 million, largely as a result of delayed projects. Nevertheless, KHD succeeded in maintaining a virtually unchanged EBIT margin of 7.5% (previous year: 8.7%).