Equipment Supplier KHD Humboldt Wedag Continues Strong Growth by Targeting Emerging Economies

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Researched by Industrial Info Resources (Sugar Land, Texas)--KHD Humboldt Wedag International Limited (NYSE:KHD) (Hong Kong), a global supplier of plant engineering and equipment for the cement, coal and minerals industries, presented its second-quarter and six-month earnings report for 2008 in a conference call on August 13. While the company's revenues were down for the quarter compared to 2007, the first six months of 2008 has brought total revenues of $281.1 million, an increase of 6% compared to the first half of 2007.

The company's order intake and backlog has increased significantly. Order intake for the first six months of the year was $608.4 million, an increase of 98% from last year. Order backlog was $1.3 billion, up 96% from 2007. Chief Executive Officer Jim Busche attributed this substantial increase in orders to KHD's targeting specific regions and economies. "Emerging economy region orders dominated the year-to-date total business received, with 57% coming from Russia and Eastern Europe and 30% from Asia," said Busche. "Infrastructure is a key driver of cement consumption and mineral commodity prices around the world. The regions of the world with the greatest infrastructure demands continue to be Asia, Russia and the Middle East. KHD has focused its expansion activities in these markets and has achieved significant market share in each of these regions." Busche noted that over 90% of KHD's order intake and backlog were from these three areas.

Industrial Info is currently tracking several projects of KHD in its International Industrial Database, most of which involve cement plant expansions or grassroot construction. KHD is acting as contractor for the Al Hufaf Cement Plant Expansion in Al Hufaf, Saudi Arabia, which has a total investment value of $578 million. The project is expected to be completed by the end of this year. The company is also performing design-build services for Arabian Cement Company's $400 million grassroot cement plant in Katrana, Jordan. The project is scheduled to begin construction this year and is expected to be completed by the end of 2009. Industrial Info is also tracking active projects of KHD in other countries including Iran, Oman, Romania, China and Turkey.

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