2016-04-27

Chairman of the Supervisory Board will not stand for re-election

Cologne, Germany, April 27, 2016 – Today the Chairman of the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, Mr. Hubert Keusch, informed the KHD Management Board that for personal reasons he will not stand for re-election to the Supervisory Board at KHD’s annual general meeting on May 18, 2016. In the case of his election by the annual general meeting, he will not accept the election.

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2016-03-11

Chief Executive Officer (CEO) resigns with immediate effect

Cologne, Germany, March 11, 2016 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed the KHD Management Board about the resignation of Mr. Johan Cnossen as Chief Executive Officer and member of the Management Board with immediate effect. Mr. Cnossen has decided to step down for personal reasons. His responsibilities will be taken over for an interim period by the other Management Board members.

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2016-03-08

Correction of Errors in KHD’s 2014 Consolidated Financial Statements – after external Audit

Cologne, Germany, March 8, 2016 – As informed in the ad hoc announcement dated June 19, 2015, errors were identified in the measurement of individual projects in the 2014 financial year relating to Humboldt Wedag, Inc., the US subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne. In an ad hoc publication dated August 11, 2015, KHD announced a reduction of earnings before interest and taxes (EBIT) amounting to € 13.7 million and an equity reduction in an amount of € 14.9 million based on a preliminary assessment of the error. In accordance with IAS 8, the error correction was done retrospectively while preparing the Half Year Report 2015.

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2016-02-12

KHD informed of arbitration award

Cologne, February 12, 2016 – KHD Humboldt Wedag Interational AG (KHD), Cologne, was informed of an award from a Portuguese arbitration court. In this award KHD and its subsidiary Humboldt Wedag, Inc. (HW Inc.), Norcross, Georgia, USA, are jointly ordered to pay damages to a customer in South America. HW Inc.’s arbitration claim for disbursement of outstanding payments, reimbursement for a called bank guarantee, as well as additional compensation (for damages) was denied. The wording and exact impact of the arbitration award are still to be analyzed in detail. Nevertheless, KHD already assessed that the arbitration award is expected to lead to expenses for the KHD Group of approx. € 15 million in the 2015 financial year.

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2016-01-20

KHD COMFLEX® Roller Press systems for ASKALE’s Akoluk and Bilecik Cement Plants in Turkey

Askale Cimento once again placed its trust in KHD’s technology and awarded KHD with two new COMFLEX® grinding units.  

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2016-01-18

KHD strengthens Management Board

Cologne, Germany, January 18, 2016 - The Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, has appointed Mr. Tao Xing as an additional member of KHD’s Management Board for a term of three years. He will play a crucial role in enhancing and growing KHD’s business in China, Asia-Pacific and the Americas.
 

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2015-09-28

OYAK decides once again for KHD’s COMFLEX® roller press technology for clinker grinding at Aslan Cimento in Turkey

OYAK Aslan Cimento Sanayii T.A.S., awarded KHD Humboldt Wedag a contract for engineering and delivery of equipment to upgrade its cement grinding line. OYAK’s 7th KHD roller press will be installed at its plant in Darica-Kocaeli, Turkey.

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2015-09-11

KHD signs contracts in Russia

Cologne, Germany, September 11, 2015 – ZAB Zementanlagenbau GmbH Dessau (ZAB), Dessau, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over € 100 million for equipment and services for a new cement plant with a production capacity of 4,500 tpd clinker.

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2015-08-26

Batı Anadolu Group chooses KHD pyro-process technology for new 5,000 t/d kiln line at Batısöke Cement plant in Turkey

The BATI ANADOLU GROUP, Batısöke Cimento Sanayii T.A.S., awarded KHD Humboldt Wedag a contract for engineering, delivery of equipment, training, and erection and com-missioning advisory services for its new 5,000 tpd clinker production line.

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2015-08-12

KHD adjusts forecast

Cologne, Germany, August 12, 2015 – After updating its annual budget KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2015 financial year accordingly.

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