In today’s Annual General Meeting the shareholders of KHD Humboldt Wedag International AG (KHD) passed a resolution to reduce the number of Supervisory Board members to three persons and re-elected Ms. Eliza Suk Ching Yuen and Mr. Hubert Keusch as members of the Supervisory Board. Mr. Kangning Zou was newly elected as a member of the Supervisory Board.
ZAB Zementanlagenbau GmbH Dessau a subsidiary of KHD Humboldt Wedag International AG has signed contracts totaling over € 90 million for equipment and services for a new cement plant consisting of two 3,000 tpd clinker lines. The customer, Pervaja Cementnaja Kompanija (PZK), is part of the same Group as major Russian construction company SU-155.
ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has received notice of project termination from Stavropolsky Zavod Stroitelnih Materialov, a member of the EUROCEMENT group.
Due to unexpected profit deterioration in the latest cost estimations of a few major projects, KHD Humboldt Wedag International AG (KHD) will not reach its margin guidance for the 2013 financial year.
According to preliminary unaudited figures, KHD will close 2013 with a significant increase in revenues, EBIT between € 1 – 2 million and EBIT margin of less than 1.0%.
“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.
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