Supervisory Board appoints Yizhen “Mario” Zhu as third Management Board member of KHD Humboldt Wedag International AG

Cologne, March 29, 2011 – The Supervisory Board of KHD Humboldt Wedag International AG (“KHD”) has appointed Yizhen “Mario” Zhu (39) to be the company’s third Management Board member. As COO Asia Pacific, Yizhen “Mario” Zhu will take on the future responsibility for the integration of KHD technology, products and services into international EPC (turnkey plant) projects, as well as for the expansion of KHD Group’s business activities in China, and in the entire Asia-Pacific region. Before moving to KHD, Mr. Zhu led the cement division (CATIC Cement Tech) of CATIC Beijing Co. Ltd. as Assistant President since 2008.

The areas of responsibility of the two Management Board members Jouni Salo (CEO) and Manfred Weinandy (CFO) are unaffected by Yizhen “Mario” Zhu’s appointment. The Supervisory Board has appointed Yizhen “Mario” Zhu to the Management Board for a three- year period of office

Additional Information

ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange

KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany

Contact

cometis AG
Ulrich Wiehle / Susanne Gremmler

Tel.: +49 (0)611 – 205855-23
Fax: +49 (0)611 – 205855-66
E-Mail: wiehle@cometis.de

Related topics

KHD: New EBIT guidance for 2013

Due to unexpected profit deterioration in the latest cost estimations of a few major projects, KHD Humboldt Wedag International AG (KHD) will not reach its margin guidance for the 2013 financial year.
According to preliminary unaudited figures, KHD will close 2013 with a significant increase in revenues, EBIT between € 1 – 2 million and EBIT margin of less than 1.0%.

KHD books major contract in Russia

“Volskcement” OJSC Russia (Holcim Group) has placed an order with Zementanlagenbau GmbH Dessau (ZAB), a subsidiary of KHD Humboldt Wedag International AG (KHD), to construct a production line in the Volsk cement factory. The scope of the contract, with an order value of over € 77 million, comprises engineering and the delivery of equipment. The project is scheduled to run until the end of 2016.

Participation in Eigenkapitalforum

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.