China National Aero-Technology Import and Export Corporation (CATIC) Beijing Co bought 20 percent of KHD Humboldt Wedag International AG, making it the largest shareholder of the German cement plant and equipment producer.

CATIC Beijing Co is expected to achieve a 7 to 10 percent direct investment yield from this project. The purchase was conducted through AVIC Kairong, a wholly owned company of CATIC Beijing Co.