Equipment Supplier KHD Humboldt Wedag Continues Strong Growth by Targeting Emerging Economies, an Industrial Info News Alert

SOURCE:

Industrial Info Resources

2008-08-14 04:30:00

SUGAR LAND, TX–(EMWPresswire – August 14, 2008) – 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. The

first six months of 2008 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 also increased significantly. Chief Executive

Officer Jim Busche attributed this 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,” Busche said.

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