KHD adjusts forecast
After updating its annual budget KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2015 financial year accordingly.
After updating its annual budget KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2015 financial year accordingly.
As informed in the ad hoc announcement dated June 19, 2015, errors 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, have been identified.
Humboldt Wedag India Private Ltd. (HW India), New Delhi, India, und Humboldt Wedag GmbH (HWG), Cologne, Germany, two subsidiaries of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, have signed contracts in an amount between € 55 and 60 million for equipment and services for eight slag grinding units.
In connection with a detailed analysis of projects in the execution phase, errors in the measurement of individual projects in the 2014 financial year have been identified. These errors relate to the US subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne.
Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Johan Cnossen (55) as member of the Company’s Management Board, effective May 1, 2015. Mr. Cnossen will serve as Chief Executive Officer (CEO). Currently Johan Cnossen works as Vice President Middle East Operations at Jacobs Inc.
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.
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