2019-07-03

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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2019-03-12

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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2019-02-18

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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2018-12-03

KHD strengthens Management Board - 02.12.2018 / 13:01 CET

Cologne, Germany, December 2, 2018 – The Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Yizhen “Mario” Zhu with immediate effect as Chairman of the Management Board until December 31, 2019. Mr. Tao Xing was appointed with immediate effect as additional member of the Management Board until December 31, 2021.

Mr. Zhu already served on KHD’s Management Board from 2011 to 2017. Mr. Xing served as member of KHD’s Supervisory Board in 2015 and as member of the Management Board in 2016.

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2018-12-03

Resignation of KHD’s Chairman of the Management Board - 30.11.2018 / 21:07 CET

Cologne, Germany, November 30, 2018 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board of the resignation for personal reasons by Mr. Gerold Keune as member of the Management Board with immediate effect.

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2018-10-23

KHD to upgrade the raw material grinding unit of thomas zement in Erwitte, Germany

thomas zement recently awarded Humboldt Wedag GmbH (KHD) a brown field EPC contract for upgrading its raw material grinding plant in Erwitte, Germany.

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2018-10-16

KHD adjusts forecasted result - 16.10.2018 / 13:00 CEST

Cologne, Germany, October 16, 2018 –KHD Humboldt Wedag International AG (KHD), Cologne, adjusts the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year as part of the updating of the annual planning. Due to cost overruns in project execution, the adjusted EBIT is now expected to be at about the same level as in the previous year.

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2018-10-16

New Chairman of KHD’s Supervisory Board - 16.10.2018 / 13:00 CEST

Cologne, Germany, October 16, 2018 – At its meeting today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, has elected Mr. Shaohua Jin as the new Chairman. Mr. Jin was appointed as member of the Supervisory Board on Friday by resolution of the District Court of Cologne replacing Mr. Da Hua, who previously resigned from the Supervisory Board. The previous Chairman, Gerhard Beinhauer, will continue to serve as Vice Chairman of KHD's Supervisory Board.

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2018-04-03

KHD further solidifies its leading position in the Turkish cement market

For YD Madencilik’s (Üstyapi Insaat Group) new greenfield plant in Düzce, KHD has been selected to provide its state-of-the-art pyro-processing technology.

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2018-03-21

Humboldt Wedag GmbH further increases field service staff in Turkey

Humboldt Wedag GmbH has taken steps to increase their field service force for the Turkish and international market. Additional well-trained and experienced staff shall join the Istanbul branch shortly to further improve KHD's customer orientation and service offering.

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