DGAP-News: KHD Humboldt Wedag International AG: Partnership with CATIC Beijing of China creates new growth opportunities
(firmenpresse) - DGAP-News: KHD Humboldt Wedag International AG / Key word(s): Capital
Increase
KHD Humboldt Wedag International AG: Partnership with CATIC Beijing of
China creates new growth opportunities
21.02.2011 / 16:55
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- KHD Humboldt Wedag International AG successfully completes capital
increase
- Trading for new stocks begins today
- KHD and CATIC foresee immense growth potential
Köln - February 21, 2011: KHD Humboldt Wedag International AG ('KHD'), one
of the leading suppliers of industrial plants and services for the global
cement industry has successfully completed its planned capital increase.
Trading for the new stocks starts today. Raising share capital by EUR
16,561,021 from EUR 33,142,552 to EUR 49,703,573 was one of the main
pre-requisites for the partnership with Chinese state-owned CATIC Beijing
Co. Ltd. The successful conclusion of the capital increase and CATIC's
resulting 20% equity holding (through its indirect subsidiary Max Glory
Industries Ltd.) clears the way for the two companies to expand their
global business together.
The partnership utilizes the strengths of both companies: KHD and CATIC
will now be able to offer selected competitive turn-key solutions for the
cement industry by combining the strengths of KHD's technology and CATIC's
construction experience and competitive cost platform. An increasing amount
of new cement plant projects are requesting a turn-key solution. Until now
CATIC has been working mostly with Asian partners for non-CATIC technology.
KHD adds strong process knowledge, engineering 'made in Germany', equipment
design and over 150 years of cement industry experience to the partnership.
This strengthens both CATIC's and KHD's position as a provider of
competitive turn-key cement plants, and consequently their collective
market presence.
The partnership with CATIC also allows the Cologne-based group to tap into
the huge growth potential in China. Accounting for over 50% of global
cement consumption, China is the world's largest market for cement plant
construction.
'The circumstances in China could not be better. The Chinese government is
actively pushing for more environmentally friendly technologies and
products and with our innovative and energy-efficient technologies we are
striving to gain a strong portion of this market', explains KHD CEO Jouni
Salo. Cornerstones for partnership strategy include access to competitive
equipment and parts sourcing as well as mutual investment in both
manufacturing and design facilities in China. These investments will be
able to provide services to the entire group on a global level.
'The opportunities that the CATIC partnership offers are huge. CATIC and
KHD are already working on several major proposals together and therefore
we hope to see the effect in our revenues and profits within the next 24 to
30 months', Salo goes on to say.
CATIC Beijing CEO Diao Weicheng also sees the partnership as the basis for
long-term success for both companies. 'Working with a strong technology
partner like KHD means that we can increase our cement activities inside
and outside of China and we are now in the position to bid on projects,
which were closed to us in the past.'
Company Profiles
KHD Group
KHD is a global leader for cement plant technology, equipment and services
with over 150 years of experience in the cement industry. Process
engineering and project management are among the core competencies of the
technology-focused group. KHD offers a wide spectrum of products and
aftermarket services for the cement industry and is a leader in
energy-efficient and environmentally friendly products for the cement
grinding and pyro processing sections of the plants. The holding company
KHD Humboldt Wedag International AG is based in Cologne, Germany. The group
has over 770 employees worldwide with customer service centers in growing
markets like India and Russia. Other major customer service centers include
the USA covering both North and South America and Cologne home to the EMEA
(Europe, Middle East and Africa) customer service center. KHD Humboldt
Wedag International AG (ISIN: DE0006578008, WKN: 657800) is listed on the
Frankfurt stock exchange (General Standard).
More information: www.khd.com
CATIC Group
The CATIC group is a state-owned industrial conglomerate based in Beijing,
China. CATIC has a well-established sales network with 56 overseas
subsidiaries in more than 30 countries around the globe. Group subsidiary
CATIC Beijing Co., Ltd enjoys partnerships with numerous design institutes,
suppliers and fabricators. The company has already proven itself as a
competent partner for international turn-key cement plant projects. For the
partnership with KHD, CATIC Beijing Co., Ltd. has acquired a 20% stake in
KHD Humboldt Wedag International AG share capital through its Hong
Kong-based based subsidiary Max Glory Industries Ltd.
Further information: www.caticbj.cn
End of Corporate News
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21.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: KHD Humboldt Wedag International AG
Colonia Allee 3
51067 Köln
Deutschland
Phone: +49 (0)221 6504 1106
Fax: +49 (0)221 6504 1090
E-mail: info(at)khd.com
Internet: www.khd.com
ISIN: DE0006578008
WKN: 657800
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin
End of News DGAP News-Service
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112915 21.02.2011
Datum: 21.02.2011 - 16:55 Uhr
Sprache: Deutsch
News-ID 33259
Anzahl Zeichen: 0
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Kategorie:
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