KHD wins three burner orders from Cementos Argos in Colombia

Cementos Argos has awarded KHD Humboldt Wedag an order for three PYROJET® Burners for coal and gas firing at its plant in Yumbo, Cali, Colombia.

The KHD PYROJET® burner represents the latest in technology advances for KHD burners and will be tailored to Argo’s wet kilns. The design guarantees low NOx gas emissions on two of their direct fired kilns, as well as one of their semi-indirect fired kilns. Manufacturing of the burners and assemblies will be performed in Germany and USA.

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Correction of Errors in KHD’s 2014 Consolidated Financial Statements – after external Audit

As informed in the ad hoc announcement dated June 19, 2015, errors were identified in the measurement of individual projects in the 2014 financial year relating to Humboldt Wedag, Inc., the US subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne. In an ad hoc publication dated August 11, 2015, KHD announced a reduction of earnings before interest and taxes (EBIT) amounting to € 13.7 million and an equity reduction in an amount of € 14.9 million based on a preliminary assessment of the error. In accordance with IAS 8, the error correction was done retrospectively while preparing the Half Year Report 2015.

KHD informed of arbitration award

KHD Humboldt Wedag Interational AG (KHD), Cologne, was informed of an award from a Portuguese arbitration court. In this award KHD and its subsidiary Humboldt Wedag, Inc. (HW Inc.), Norcross, Georgia, USA, are jointly ordered to pay damages to a customer in South America.

KHD signs contracts in Russia

ZAB Zementanlagenbau GmbH Dessau (ZAB), Dessau, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over € 100 million for equipment and services for a new cement plant with a production capacity of 4,500 tpd clinker.