The Italcementi Group (ITC) recently awarded KHD a contract to upgrade and redevelop its historic Brescia Rezzato plant. The upgraded plant, situated the in environmentally sensitive Lake Garda region, will have to adhere to very strict emissions, noise and other environmental requirements, while simultaneously ensuring highest levels of availability and low investment costs.
On Friday October 5th all company proposals were passed at KHD Humboldt Wedag International AG’s (KHD) Annual General Meeting. 79.6% of KHD’s outstanding share capital was represented at the shareholder meeting held at the Marriott Hotel in Cologne, Germany.
Today, the Supervisory Board of KHD Humboldt Wedag International AG has voted unanimously to elect Eliza Suk Ching Yuen as chairperson. Ms. Yuen has served on the KHD Supervisory Board since May 2011 and has been working in the function of deputy chairperson for the last several months.
Although tough market conditions continued to hamper KHD Humboldt Wedag International AG’s (KHD) revenue and EBIT growth, the company was successful in winning new orders with its strategic partners during the first six months of 2012, and, thus, laying the foundation for future growth.
Further to today’s postponement notice of the KHD Humboldt Wedag AG Annual General Meeting, the company would like to inform all shareholders that this change in date is not related to a takeover bid or any type operational business issues. The postponement is only due to a sudden technicality related to executing the AGM.
Within the context of the proposed reduction of the number of Supervisory Board members and as already published per ad hoc on May 31, 2012, the Chairman and the Deputy Chairperson of the Supervisory Board of KHD Humboldt Wedag International AG have resigned from their offices effective as of May 31, 2012. Today the Supervisory Board elected Heinz Otto Geidt as the new Chairman and Eliza Suk Ching Yuen as Deputy Chairperson.
KHD Humboldt Wedag International AG (KHD), one of the world’s leading suppliers of equipment and services for the cement industry, published its 2011 Group Annual Report today. Group revenue fell from € 286.9 million to € 234.6 million, largely as a result of delayed projects. Nevertheless, KHD succeeded in maintaining a virtually unchanged EBIT margin of 7.5% (previous year: 8.7%).
KHD Humboldt Wedag International AG (“KHD”), one of the
world’s leading providers of equipment and services for the cement industry released its third
quarter 2011 interim results today.
On October 19, 2011 the District Court of Cologne, Germany, has authorized the appointment of Mr. Heinz Otto Geidt to the KHD Humboldt Wedag International AG (KHD) Supervisory Board with validity until the company’s next annual general meeting. Mr. Geidt is head of Investment Management for the Software AG Foundation as well as a member of the Software AG Supervisory Board.
Humboldt Wedag Inc., a subsidiary of KHD Humboldt Wedag International AG (KHD) has received an order from Cimentos Liz S.A. in Brazil for the equipment supply, engineering and site advisory and commissioning services, for a new 5,000 t/d production line.