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.

The KHD PYROJET® burner represents the latest in technology advances for KHD burners and will be tailored to Argo’s wet kilns. The design guarantees low NOx gas emissions on two of their direct fired kilns, as well as one of their semi-indirect fired kilns. Manufacturing of the burners and assemblies will be performed in Germany and USA.

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KHD appoints new Chief Executive Officer (CEO)

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 grants € 50 million intercompany loan

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 replaces existing bonding line facility with bilateral bonding line agreements

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).