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.
KHD Humboldt Wedag International AG (KHD) has entered into a second € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.
The loan bears interest at a rate of six percentage points per annum. The term of the loan agreement is three years.
KHD Humboldt Wedag International AG (KHD) has replaced its existing bonding line facility with a new long-term solution. On August 25, 2014, KHD cancelled its existing bonding line facility with a consortium of banks, which had issued bank guarantees of over € 80.3 million as per December 31, 2013. The Group replaced this facility with two bilateral bonding line agreements with the Deutsche Bank AG (€ 40 million) and the Raiffeisen Bank International AG, Wien (€ 38 million).
KHD Humboldt Wedag International AG (KHD), Cologne, is updating its annual budget and adjusting its forecast for the 2014 financial year accordingly. Although the Parts & Services segment is expected to perform better than originally planned, the Capex segment has been strongly affected by risks arising from the current economic and political developments.
KHD Humboldt Wedag International AG (KHD) has entered into a € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.
KHD Humboldt Wedag International AG (“KHD”), one of the world’s leading providers of equipment and services for the cement industry, publishes its 2010 annual report today. Although Group revenue fell from € 360 million in the previous year to € 287 million due to the lower order intake during the 2009 economic crisis, KHD nevertheless booked a significant increase in new orders in 2010.
KHD Humboldt Wedag International AG („KHD“), one of the leading suppliers of industrial plants and services for the global cement industry has successfully completed its planned capital increase.
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Since March 31, 2010, no Managers’ Transactions have been published.
Since November 25, 2014, no Voting Rights Announcements have been published.
