Cement News tagged under: KHD Humboldt Wedag
KHD wins new Turkish order, Maras performance update09 April 2014, Published under Cement NewsKHD has received order for a new 3500tpd clinker production line at Bolu Cimento’s Kazan plant. Meanwhile, the German equipment specialists have also successfully completed a recent performance test for KCS Kahramanmaras Cimento’s Maras Kiln Line II. Bolu Cimento contract The Oyak Group has awarded KHD the order for a new 3500tpd clinker line at the Bolu Cimento’s Kazan plant, located near Ankara, Turkey. The contract includes engineering, equipment supply, as well as advisory services fo... |
Russia: Eurocement terminates project with KHD02 April 2014, Published under Cement NewsZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has received notice of project termination from Eurocement group company Stavropolsky Zavod Stroitelnih Materialov, the German equipment supplier announced in a statement today. In May 2012 KHD confirmed that ZAB Zementanlagenbau received an order worth more than EUR80m from Stavropolsky for the construction of a 1.3Mta plant in Stavropol, Russia. KHD's scope included the EP supply of production equipment... |
KHD Humboldt Wedag 2013 revenue increases 16.9% YoY28 March 2014, Published under Cement NewsKHD Humboldt Wedag International reported yesterday that it achieved a 16.9 per cent YoY increase in 2013 revenues. Order intakes, however, were significantly below the previous year’s level due to unfavourable market conditions. Strong competition and lower margin quality in the company's order backlog had a negative impact on results but a positive EBIT was recorded. The German cement plant services company’s order intake fell by 58 per cent to EUR172.4m due to "continued cautious inves... |
KHD misses 2013 margin guidance, Germany23 January 2014, Published under Cement NewsKHD Humboldt Wedag of German has said it will miss its margin guidance for the 2013 financial year due to “unexpected profit deterioration in the latest cost estimations of a few major projects.” In a statement released yesterday, the Germany-based equipment supplier said that according to preliminary unaudited figures, it will close 2013 with a “significant increase in revenues”, EBIT of between EUR1-2m and an EBIT margin of less than one per cent. AVIC International Beijing has re... |
AVIC completes takeover offer for KHD30 December 2013, Published under Cement NewsAVIC International Beijing Company announced on Friday the successful completion of a voluntary public takeover offer for shares in German equipment supplier KHD Humboldt Wedag. The takeover offer was conducted jointly by an indirectly wholly-owned subsidiary of AVIC International Beijing Company Ltd and three other bidders. AVIC International Beijing said it bought a 40.465 per cent stake in KHD via a voluntary public takeover offer and acquired an additional 19.03 per cent from indi... |
KHD recommends shareholders accept AVIC offer06 December 2013, Published under Cement NewsThe management and supervisory board of KHD Humboldt Wedag International have recommended company shareholders accept a takeover bid from AVIC International at the offer price of EUR6.45/share. The offer price corresponds to a premium of 34.9 per cent on the average closing price of the KHD share over the three-month period prior to announcement of the offer on October 10, 2013. KMPG, who was engaged by KHD’s management board, as well as Network Corporate Finance, a consulting company com... |
AVIC confirms bid for KHD02 December 2013, Published under Cement NewsAVIC International Engineering has published the offer document for the voluntary public takeover offer to the shareholders of KHD to acquire all shares in KHD. According to a release, the joint bidders offer a cash consideration of EUR6.45 per KHD share. The offer price includes a premium of approximately 35 per cent on the weighted average domestic stock exchange price for KHD shares in the three-month period prior to the publication of the decision to launch the takeover offer on 11 Octo... |
KHD interim report08 November 2013, Published under Cement NewsKHD has released an interim report on business development, its financial position and the general economic scene. It stresses that the global economy remains sluggish, particularly due to weak growth in key emerging economies. On the other hand, some developed economies are generating positive momentum. Business Development In the first nine months of the year, KHD's order intake amounted to EUR82.8m (EUR97.3m without the currency impact), compared to EUR282.9m in the same period ... |
KHD wins new cement grinding order in Turkey29 October 2013, Published under Cement NewsBatisöke Söke Çimento Sanayi TAS awarded KHD Humboldt Wedag a contract for engineering and delivery of equipment to increase its cement grinding capacity at its plant in western Turkey. The contract to install a new COMFLEX® grinding system will increase the capacity of cement grinding unit No 5, from 59tph to 195tph at 3300Blaine and save more than 12kWh/t energy. KHD’s scope includes the engineering and delivery of mechanical and electrical equipment, as well as advisory services during... |
AVIC raises stake in KHD, buy-out offer14 October 2013, Published under Cement NewsChina-based AVIC International Holdings Ltd said it will boost its holding in KHD Humboldt Wedag International AG and make a buy-out offer. The Shenzhen-based company will buy 19 per cent of KHD from 12 sellers for EUR61m (US$83m), increasing its stake to 39.03 per cent, according to a Hong Kong stock exchange filing yesterday. MFC Industrial Ltd. is one of the companies disposing of KHD shares. In 2010, KHD launched a strategic partnership with CATIC Beijing Co. Ltd, a subsidiary o... |