Joint Statement of the Management Board and the Supervisory Board of KHD Humboldt Wedag International AG
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Straits Cement, a 100% subsidiary of the Malaysian YTL Group, has awarded KHD with a € 100 million contract to build a new, fully integrated cement production facility with a capacity of 5000 tons of cement per day and will be located near Kuantan, Malaysia, approximately 260 kilometers east of Kuala Lumpur.
KHD Humboldt Wedag International AG (KHD), one of the world’s leading suppliers of equipment and services for the cement industry, generated Group revenue of € 234.6 million in the 2011 financial year. The 18.2% year-on-year reduction is primarily attributable to delayed projects. However, KHD succeeded in maintaining a largely unchanged EBIT margin of 7.5% (previous year: 8.7%).
Claudius Peters Projects GmbH (“CPP”) and KHD Humboldt Wedag GmbH (“KHD”) have settled all disputes relating to or arising out of alleged patent infringement, validity of, and/or breach of intellectual property rights in and to the ETA Cooler technology and other related matters.