Köln – February 21, 2011: KHD Humboldt Wedag International AG („KHD“), one of the leading suppliers of industrial plants and services for the global cement industry has successfully completed its planned capital increase.
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.
Postponements in the execution of certain projects have forced KHD Humboldt Wedag International AG to revise its 2012 revenue guidance. The company expects to achieve 2012 full year revenues between € 210 – € 220 mio.
EBIT margin guidance of 2% – 4% remains unchanged.
The KHD Humboldt Wedag International AG management board is hereby cancelling the Annual General Meeting, which was scheduled for July 27, 2012.
The company will announce a new meeting date next week.