KHD receives Letter of Confirmation

Cologne, Germany, July 19, 2022 – On July 7, 2022, Humboldt Wedag India Private Limited (HW India), New Delhi, India, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, received a Letter of Confirmation from the customer UltraTech Cement Limited. The Letter of Confirmation relates to two new kiln lines and eight clinker grinding units (out of which one clinker grinding unit also has one slag grinding unit) with KHD roller presses. The engineering and supply of equipment as well as supervision services related to erection and commissioning comprise a potential order volume of more than € 50 million. The customer as well as HW India are currently negotiating with the aim of concluding a corresponding EP (Engineering and Procurement) contract package.

HW India will book the order intake after the contracts will have been concluded and all the conditions to fully commence with the execution of the work as specified in the contracts are fulfilled.

Additional Information

ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange

KHD Humboldt Wedag International AG
Von-der-Wettern-Str. 4a
51149 Cologne, Germany

Contact

KHD Humboldt Wedag International AG
Jürgen Luckas
Chief Financial Officer

Tel.: +49 (0)221 – 6504-1107
E-Mail: juergen.luckas@khd.com
Website: www.khd.com

Related topics

KHD appoints new Chief Executive Officer (CEO)

Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Johan Cnossen (55) as member of the Company’s Management Board, effective May 1, 2015. Mr. Cnossen will serve as Chief Executive Officer (CEO). Currently Johan Cnossen works as Vice President Middle East Operations at Jacobs Inc.

KHD grants € 50 million intercompany loan

KHD Humboldt Wedag International AG (KHD) has entered into a second € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.
The loan bears interest at a rate of six percentage points per annum. The term of the loan agreement is three years.

KHD replaces existing bonding line facility with bilateral bonding line agreements

KHD Humboldt Wedag International AG (KHD) has replaced its existing bonding line facility with a new long-term solution. On August 25, 2014, KHD cancelled its existing bonding line facility with a consortium of banks, which had issued bank guarantees of over € 80.3 million as per December 31, 2013. The Group replaced this facility with two bilateral bonding line agreements with the Deutsche Bank AG (€ 40 million) and the Raiffeisen Bank International AG, Wien (€ 38 million).