Cologne, Germany, October 16, 2013 – In light of the voluntary takeover offer from AVIC the management board of KHD Humboldt Wedag International AG has taken the decision not to participate in the “Deutschen Eigenkapitalforum” in November in Frankfurt.
ZAB Zementanlagenbau GmbH Dessau a subsidiary of KHD Humboldt Wedag International AG has signed contracts totaling over € 90 million for equipment and services for a new cement plant consisting of two 3,000 tpd clinker lines. The customer, Pervaja Cementnaja Kompanija (PZK), is part of the same Group as major Russian construction company SU-155.
ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has received notice of project termination from Stavropolsky Zavod Stroitelnih Materialov, a member of the EUROCEMENT group.
Due to unexpected profit deterioration in the latest cost estimations of a few major projects, KHD Humboldt Wedag International AG (KHD) will not reach its margin guidance for the 2013 financial year.
According to preliminary unaudited figures, KHD will close 2013 with a significant increase in revenues, EBIT between € 1 – 2 million and EBIT margin of less than 1.0%.