Cologne, Germany, October 16, 2013 – In light of the voluntary takeover offer from AVIC the management board of KHD Humboldt Wedag International AG has taken the decision not to participate in the “Deutschen Eigenkapitalforum” in November in Frankfurt.
Effective from 1st of February, 2020, Matthias Mersmann has been appointed by the Supervisory Board as a new member of the Management Board of KHD Humboldt Wedag International AG. He contributes his long-term expertise in the technology of cement manufacturing processes and equipment design which he has acquired in various executive positions with OEM suppliers as well as independent consultant.
KHD Humboldt Wedag International AG (KHD), one of the leading suppliers of plant and services for the cement industry, has announced today that previously projected revenues (August 2011) of € 270 million for the 2011 financial year will not be reached. Uncertainty in some markets, in particular India, has led to lower cement demand and thus customer postponements in project execution. Nevertheless KHD retains its EBIT guidance of € 16 – € 19 million for the current financial year. KHD will publish Q3 2011 financial results on November 11, 2011.
Manfred Weinandy, CFO of KHD Humboldt Wedag International AG has decided to leave the company for personal reasons. The supervisory board has agreed to accept the resignation of Mr Weinandy from office with effect as of today as well as to the mutual cancellation of his service agreement.