News Archive

2014 (15 entries)

News 2014

2014-12-19

KHD appoints Daniel Uttelbach to the Management Board – Strengthening Sales & Technology

Cologne, December 19, 2014 – Daniel Uttelbach (44) has been appointed to the Management Board of KHD Humboldt Wedag International AG (KHD), effective January 1, 2015. As Executive Vice President he will be in charge of Sales & Technology for the Group.

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2014-11-13

KHD grants € 50 million intercompany loan

Cologne, Germany, November 13, 2014 –KHD Humboldt Wedag International AG (KHD) has entered into a second € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.

The loan bears interest at a rate of six percentage points per annum. The term of the loan agreement is three years.

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2014-09-23

AVIC International Holdings Limited publishes Accountants' Report of the KHD Group pursuant to Hong Kong Stock Exchange regulations

AVIC International Holding Limited (AVIC International), indirect majority shareholder of KHD Humboldt Wedag International AG (KHD), is a listed company on the Hong Kong Stock Exchange. As a consequence of acquiring the majority of KHD shares and in accordance with Chapter 14 of the Hong Kong Stock Exchange listing rules, AVIC International is required to publish an Accountants' Report of the KHD Group as an appendix to the Circular on major acquisitions.

The Accountants' Report summarizes financial information based on KHD Group’s published financial reports for the reporting dates December 31, 2011, December 31, 2012, December 31, 2013 and for the two six-month periods ending June 30, 2013 and June 30, 2014 in accordance with requirements applicable for purposes of the Circular in Hong Kong.

The Accountants' Report is available on the Hong Kong Stock Exchange website as Appendix I under the below link:

http://www.hkex.com.hk/eng/csm/ShowNews.asp?mkt=hk&FileName=http://www.hke xnews.hk/listedco/listconews/sehk/2014/0919/LTN20140919463.pdf

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2014-08-28

KHD EBIT close to breakeven in the first half

Cologne, Germany, August 28, 2014. The earnings position of KHD Humboldt Wedag International AG (KHD), one of the world’s leading providers of equipment and services for the cement industry, continued to be affected by weak market conditions and unsatisfactory margin quality in the order backlog in the first half of 2014. Revenues slightly increased to € 114.8 million with a slightly negative EBIT of € - 0.9 million. The positive contribution to earnings of the Parts & Service segment was not able to fully offset the disappointing results in the Capex segment.

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2014-08-25

KHD replaces existing bonding line facility with bilateral bonding line agreements

Cologne, Germany, August 25, 2014, KHD Humboldt Wedag International AG (KHD) has replaced its existing bonding line facility with a new long-term solution. On August 25, 2014, KHD cancelled its existing bonding line facility with a consortium of banks, which had issued bank guarantees of over € 80.3 million as per December 31, 2013. The Group replaced this facility with two bilateral bonding line agreements with the Deutsche Bank AG (€ 40 million) and the Raiffeisen Bank International AG, Wien (€ 38 million).

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2014-08-04

KHD adjusts forecast

Cologne, Germany, August 4, 2014 – KHD Humboldt Wedag International AG (KHD), Cologne, is updating its annual budget and adjusting its forecast for the 2014 financial year accordingly. Although the Parts & Services segment is expected to perform better than originally planned, the Capex segment has been strongly affected by risks arising from the current economic and political developments.

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2014-07-22

KHD grants € 50 million intercompany loan

Cologne, Germany, July 22, 2014 – KHD Humboldt Wedag International AG (KHD) has entered into a € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.

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2014-06-02

2 Modernization Projects Currently Underway for KHD and HeidelbergCement in Germany

KHD’s 2 modernization projects for HeidelbergCement’s plant in Lengfurt, Germany are currently underway.

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2014-05-27

Annual General Meeting of shareholders elects new Supervisory Board of KHD

Cologne, Germany, May 27, 2014 – In today’s Annual General Meeting the shareholders of KHD Humboldt Wedag International AG (KHD) passed a resolution to reduce the number of Supervisory Board members to three persons and re-elected Ms. Eliza Suk Ching Yuen and Mr. Hubert Keusch as members of the Supervisory Board. Mr. Kangning Zou was newly elected as a member of the Supervisory Board.

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2014-04-09

KHD books another order in Russia

Cologne, Germany / Moscow, Russia, April 9, 2014 – ZAB Zementanlagenbau GmbH Dessau a subsidiary of KHD Humboldt Wedag International AG has signed contracts totaling over € 90 million for equipment and services for a new cement plant consisting of two 3,000 tpd clinker lines. The customer, Pervaja Cementnaja Kompanija (PZK), is part of the same Group as major Russian construction company SU-155.

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2014-04-08

More Good News from KHD in Turkey

KHD’s activity in the Turkish market is continuing to produce positive results, with an order for a new 3,500 t/d clinker production line at the Bolu Cimento’s Kazan plant and successfully completed recent performance test for KCS Kahramanmaras Cimento’s Maras Kiln Line II.

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2014-04-01

EUROCEMENT terminates project with KHD

Cologne, Germany, April 1, 2014 – ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has received notice of project termination from Stavropolsky Zavod Stroitelnih Materialov, a member of the EUROCEMENT group.

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2014-03-27

KHD Humboldt Wedag International AG Closes 2013 with Strong Increase in Revenues and Slightly Positive Result

Cologne, Germany, March 27, 2014. KHD Humboldt Wedag International AG (KHD ), one of the world’s leading suppliers of equipment and services for the cement industry, achieved revenues of € 249.6 million in the 2013 financial year , a significant increase compared with the previous year. Continued fierce competition and the unsatis factory margin quality in the order backlog had a negative impact . KHD nevertheless recorded a positive EBIT of € 1.2 million.

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2014-03-10

KHD to Supply New Clinker Production Lines for Lafarge Exshaw and Ravena Plants

KHD Humboldt Wedag International AGs US-based office, Humboldt Wedag, Inc., is executing two orders with Lafarge North America Inc. and Lafarge Canada Inc. (Lafarge) for engineering, delivery of equipment, and site services of new clinker production lines at their Exshaw and Ravena plants. KHDs scope of supply for the projects begins with the raw material feed and ends at clinker handling. 

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2014-01-22

KHD: New EBIT guidance for 2013

Cologne, Germany, January 22, 2014 - Due to unexpected profit deterioration in the latest cost estimations of a few major projects, KHD Humboldt Wedag International AG (KHD) will not reach its margin guidance for the 2013 financial year.

According to preliminary unaudited figures, KHD will close 2013 with a significant increase in revenues, EBIT between € 1 – 2 million and EBIT margin of less than 1.0%.

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