“Volskcement” OJSC Russia (Holcim Group) has placed an order with Zementanlagenbau GmbH Dessau (ZAB), a subsidiary of KHD Humboldt Wedag International AG (KHD), to construct a production line in the Volsk cement factory. The scope of the contract, with an order value of over € 77 million, comprises engineering and the delivery of equipment. The project is scheduled to run until the end of 2016.
In light of the voluntary takeover offer from AVIC the management board of KHD Humboldt Wedag International AG has taken the decision not to participate in the “Deutschen Eigenkapitalforum” in November in Frankfurt.
AVIC International Engineering Holdings Pte. Ltd., Europe Project Management Pte. Ltd., Europe Technology Investment Pte. Ltd. and Europe Engineering Holdings Pte. Ltd. published today in accordance with sec. 10 of the Securities Acquisition and Takeover Act their decision to make a joint voluntary public takeover offer to all KHD Humboldt Wedag International AG shareholders to acquire their no-par value ordinary bearer shares in KHD Humboldt Wedag International AG (ISIN: DE0006578008 / WKN: 657800) against payment of a cash consideration amounting to EUR 6.45 per share.
Today Ms. Eliza Suk Ching Yuen stepped down in her function as Chairperson of the Supervisory Board of KHD Humboldt Wedag International AG, Cologne, with immediate effect. The Supervisory Board elected Mr. Hubert Keusch as new Chairman of the Supervisory Board.
KHD Humboldt Wedag International AG subsidiaries, Humboldt Wedag India, Pvt. Ltd. and Humboldt Wedag GmbH (collectively “KHD”) received an order from Holcim Group company ACC Limited, India, for a new 9,000 tpd cement plant. The total project value, of € 69 million, consists of a euro portion of € 19.8 million and an Indian rupee portion equivalent to € 49.2 million. The plant will be built in Jamul, Chhattisgarh, India and is scheduled for commissioning in May 2015.
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