New Chairman of KHD’s Supervisory Board
At its meeting today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, has elected Mr. Shaohua Jin as the new Chairman.
News and Reports
Ad-hoc Disclosures
KHD grants € 50 million intercompany loan
HD Humboldt Wedag International AG (KHD) has reached an agreement on granting an additional € 50 million loan to AVIC International Kairong Limited, Hong Kong, as the borrower. This loan will run from November 13, 2017 and will replace a loan that has been granted to AVIC International (HK) Group Ltd., Hong Kong, which will become due for repayment on November 13, 2017.
KHD signs contracts in western Sub-Sahara region
Humboldt Wedag GmbH, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over € 80 million for the supply of equipment and execution of civil and erection works as well as supervision services for a cement plant in western Sub-Sahara region.
KHD grants € 50 million intercompany loan
KHD Humboldt Wedag International AG (KHD) has entered into a € 50 million loan agreement with AVIC International Kairong Limited, Hong Kong, as the borrower. This loan replaces a loan that has been granted three years ago to AVIC International (HK) Group Ltd., Hong Kong, which is due for repayment on July 22, 2017.
KHD appoints new Chief Executive Officer (CEO)
Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Gerold Keune as Chief Executive Officer (CEO).
News and Reports
Corporate News
Annual General Meeting 2013 – KHD Humboldt Wedag International AG
Yesterday at KHD Humboldt Wedag International AG’s annual general meeting, shareholders and management intensely discussed the operational business and future direction of the general standard listed company. Many private and institutional investors attended the meeting and were particularly interested in the Company’s future strategy as well as how the Company plans to communicate with the capital markets. 53.26% of the issued share capital was represented at the meeting.
KHD appoints new CFO
Mr. Ralph Quellmalz (43) has been appointed Chief Financial Officer and member of the Management Board of KHD Humboldt Wedag International AG.
Update – Financial Calendar
KHD will hold its annual general meeting on Monday, June 24th, starting at 12 p.m. at the Marriott hotel in Cologne, Germany. We have received a motion from shareholders and the Company is in the process of finalizing its response to this motion. The Company will publish the motion and corresponding response together with the convening notice and agenda for the meeting in due course. The updated financial calendar can be found on our website under https://www.khd.com/landing-page.html.
KHD signs License Agreement with Weir Minerals for HPGR Technology
For the past three years Weir has acted as KHD’s agent for the marketing of High Pressure Grinding Rolls (HPGRs) in the minerals sector, operating on a commission only basis. KHD is an originator of HPGR technology with 2011 and 2012 order intake relating to minerals HPGRs averaging €25m a year. This agreement has been replaced by an exclusive and perpetual license agreement, giving Weir direct control over the design, manufacture and distribution of HPGR equipment in minerals processing applications utilizing KHD’s technology, in return for royalty payments on equipment sales. Several KHD technical staff engaged in applying HPGRs in minerals processing will be offered employment with Weir.
KHD Humboldt Wedag International AG starts 2013 with increased order backlog but market remains uncertain
KHD Humboldt Wedag International AG (KHD),one of the world’s leading providers of equipment and services for the cementindustry, closed the 2012 financial year with a strong increase in order intake andorder backlog and has thus established a good starting position for future growth.Although Group revenue (€ 213.5 million) and EBIT margin (3.0%) fell short of theprevious year’s figures, both came in within announced targets.
News & Reports
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