KHD has won major orders from India-based UltraTech Cement Ltd for two cement lines, a member of the Aditya Birla Group. As a consequence of a long-standing and successful relationship between UltraTech and KHD, the two companies now agreed on new orders for two projects in India with a volume of EUR 85m. This order will contribute to KHD’s earnings until commissioning begins in 2H12.
As a result, KHD Humboldt Wedag International AG lifts its guidance for order intake from previously EUR 260 - 280 million to now significantly more than EUR 300 million in 2010.
The two projects contain pyro-processing lines with a nominal capacity of 10.000 tons per day (tpd) each and the connected roller press grinding circuits for raw material and for cement. In the last two years, KHD has supplied three 8.000 tpd lines to UltraTech and won orders for roller press grinding circuits.
According to Jouni Salo, CEO of KHD, the acquisition success confirms the validity of the strategic shift towards the BRIC-states: "Today, more than 50% of our order backlog is generated in Russia and India. In this respect, we benefit greatly from our strong local presence and from the increasing urbanisation and industrialisation in these regions. Cement is a local business."