Joint Statement of the Management Board and the Supervisory Board of KHD Humboldt Wedag International AG
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KHD Humboldt Wedag International AG (KHD), one of the leading suppliers of plant and services for the cement industry, has announced today that previously projected revenues (August 2011) of € 270 million for the 2011 financial year will not be reached. Uncertainty in some markets, in particular India, has led to lower cement demand and thus customer postponements in project execution. Nevertheless KHD retains its EBIT guidance of € 16 – € 19 million for the current financial year. KHD will publish Q3 2011 financial results on November 11, 2011.
Manfred Weinandy, CFO of KHD Humboldt Wedag International AG has decided to leave the company for personal reasons. The supervisory board has agreed to accept the resignation of Mr Weinandy from office with effect as of today as well as to the mutual cancellation of his service agreement.
Humboldt Wedag Inc., a subsidiary of KHD Humboldt Wedag International AG (KHD) has entered today into a contract with Cimentos Liz S.A. in Brazil for the equipment supply, engineering and site advisory and commissioning services, for a new 5,000 t/d production line.