2016-09-07

KHD to install 3-string preheater at Shree Cement

KHD and Shree cement have a long history of bringing innovation to the Indian cement industry. Shree Cement has implemented 11 KHD high-efficiency kiln lines and many grinding stations, including 10 KHD roller presses.

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PYROJET Burner

2016-06-07

KHD wins three burner orders from Cementos Argos in Colombia

Cementos Argos has awarded KHD Humboldt Wedag an order for three PYROJET® Burners for coal and gas firing at its plant in Yumbo, Cali, Colombia. 

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Shree Cement

2016-06-06

Another Order from Shree Cement

After successful commissioning and handover of the KHD pyro process system at Raipur, India, in December 2015, Shree Cement has again entrusted KHD with another pyro line at their Raipur plant in Eastern India. 

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KHD Technology Summit 2016 - Goa, India

2016-05-19

KHD Technology Summit 2016 - Goa, India

KHD successfully concluded its fourth Indian Technology Summit in Goa, India last month. Intense technology discussions from 88 participants representing 33 cement companies across India, Nepal, Bhutan and Sri Lanka set the backdrop for the summit. 

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2016-05-18

New Supervisory Board Chairman at KHD

Cologne, Germany, May 18, 2016 – Today the newly-elected KHD Humboldt Wedag International AG (KHD) Supervisory Board has elected Mr. Gerhard Beinhauer to be the Chairman of the KHD Supervisory Board. Mr. Xiaofeng “Frank” Liu has been re-elected as Vice Chairman.

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2016-04-03

KHD adjusts forecast

Cologne, Germany, May 3, 2016 – After updating its annual budget, KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2016 financial year accordingly.

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2016-03-27

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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