News Archive

2019 (3 entries)

News 2019


KHD signs letter of intent - 03.07.2019 / 15:57 CEST

Cologne, Germany, July 3, 2019 – On June 28, 2019, Humboldt Wedag, Incorporated (HW Inc.), Norcross, Georgia/USA, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, concluded a non-binding letter of intent with a customer in North America. The letter of intent for the engineering, supply of equipment and structural steel as well as advisory services related to erection and commissioning covers a potential order volume of more than EUR 100 million. The customer and HW Inc. intend to enter into negotiations promptly with the aim of concluding a corresponding EP (Engineering and Procurement) contract.

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KHD plans headcount reduction - 12.03.2019 / 13:38 CET

Cologne, Germany, March 12, 2019 – Today the Executive Board of Humboldt Wedag GmbH (HWG), Cologne, a major subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board and the Works Council of HWG about a planned major reorganization. HWG's Executive Board expects that the business environment in cement plant construction industry will remain difficult in the near future and that existing personnel capacities cannot be sufficiently utilized. HWG must therefore adapt its structures to the current business volume in order to return to profitability in the medium term. HWG's management plans to cut approximately 80 jobs. The measures required to implement the reorganization will be discussed with the works council in the coming weeks.

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KHD revises forecasted result - 18.02.2019 / 7:30 CET

Cologne, Germany, February 18, 2019 – KHD Humboldt Wedag International AG (KHD), Cologne, revises the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year. Due to unforeseen cost overruns that will emerge until finalization of some projects of the subsidiary Humboldt Wedag GmbH, Cologne, the adjusted EBIT will be significantly below the level of the 2017 financial year.

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