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{{Short description|German engineering company}}
{{Redirect|KHD}}
{{Infobox company {{Infobox company
|name = KHD Humboldt Wedag |name = KHD Humboldt Wedag
|logo = ] |logo = KHD Humboldt Wedag.png
|logo_size = 220px
|type = ] |type = ]
|traded_as = {{Frankfurt Stock Exchange|KWG}} |traded_as = {{Frankfurt Stock Exchange|KWG}}
Line 10: Line 13:
|location_country = ] |location_country = ]
|area_served = |area_served =
|key_people = Suk Ching Yuen (Chairwoman), Jouni Salo (]), Yizhen Zhu (]), Ralph Quellmalz (]) |key_people = Hubert Keusch(]), Juergen Luckas (]), Yizhen “Mario” Zhu (]), Daniel Uttelbach, Sales & Technology (])
|products = ]ry, systems and ] for the ] |products = ]ry, systems and ] for the ] industry
|services = |services = Plant Services, ]s, ], Project Management
|revenue = |revenue =
|operating_income = |operating_income =
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|assets = |assets =
|equity = |equity =
|num_employees = 750 employees<ref name="khd">"KHD 2013 Fact Sheet" </ref>|subsid = |num_employees = 750 employees<ref name="khd">{{Dead link|date=February 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>|subsid =
|homepage = {{URL|http://www.khd.com|khd.com}} |homepage = {{URL|http://www.khd.com|khd.com}}
|footnotes = |footnotes =
}} }}


'''KHD Humboldt Wedag''' is an ] company that supplies ]ry, parts, and ], including ] engineering and ] to the global ] industry.The holding company '''KHD Humboldt Wedag International AG''', based in ], Germany employs more than 750 employees<ref name="khd" /> worldwide, including customer service centers in the ], ], ], and the ] region. '''KHD Humboldt Wedag''' is an ] company that supplies ]ry, parts, and ], including ] and ] to the global ] industry. The holding company '''KHD Humboldt Wedag International AG''', based in ], Germany employs more than 750 employees<ref name="khd" /> worldwide, including customer service centers in the ], ], ], and the ] region.


'''KHD Humboldt Wedag International AG''' is listed on the ].<ref>{{cite news|url=http://www.bloomberg.com/news/2011-02-16/daimler-khd-humboldt-wedag-sap-german-equity-market-preview.html|title=Daimler, KHD Humboldt Wedag, SAP: German Equity Market Preview|last=Buergin|first=Rainer|date=16 February 2011|work=]|accessdate=21 May 2013}}</ref> '''KHD Humboldt Wedag International AG''' is listed on the ].<ref>{{cite news|url=https://www.bloomberg.com/news/2011-02-16/daimler-khd-humboldt-wedag-sap-german-equity-market-preview.html|title=Daimler, KHD Humboldt Wedag, SAP: German Equity Market Preview|last=Buergin|first=Rainer|date=16 February 2011|work=]|accessdate=21 May 2013}}</ref>


== History == == History ==


In 1856 , Hermann Sievers, Wimmar Breuer and Martin Neuerburg formed a general partnership, under the name of Maschinenfabrik von Sievers & Co<ref name="Maschinenfabrik von Sievers & Co">{{cite book|last=al.]|first=von Anton Henze .</ref> was formerly the industrial plant arm of ].<ref>''International Directory of Company Histories'' Volume 39, ed. Tina Grant, Detroit: Gale, 2001, ISBN 9781558624443, .</ref><ref>, ''Manager Magazin'', 10 November 1999 {{de icon}}</ref> In 1856, ], ] and ] formed a general partnership, under the name of Maschinenfabrik von Sievers & Co<ref name="Maschinenfabrik von Sievers & Co">{{cite book|last1=Henze |first1=Anton |title=Nordrhein-Westfalen: Kunstdenkmäler und Museen |year=1982 |publisher=Reclam |location=Stuttgart |isbn=9783150084021 |page=430 |url=https://books.google.com/books?id=Q3tIAQAAIAAJ&q=KHD |edition=6th |language=German|display-authors=etal}}</ref> Humboldt Wedag AG, formed in 1859<ref>''World Trade Centers Association World Business Directory'' Volume 1, Detroit: Gale, 1996, {{ISBN|9780810356788}}, .</ref> was formerly the industrial plant arm of ].<ref>''International Directory of Company Histories'' Volume 39, ed. Tina Grant, Detroit: Gale, 2001, {{ISBN|9781558624443}}, .</ref><ref>, ''Manager Magazin'', 10 November 1999 {{in lang|de}}</ref>


In 1871, the company changed its name to ] in honor of the famous German Scientist]. On December 1924, under the direction of Peter Klöckner, the company entered into a cooperative agreement with Motorenfabrik Deutz AG which would later become Humboldt-Deutz-Motoren AG. Peter Klöckner secured approximately 78% of the capital of Humboldt-Deutz- Motoren AG and an agreement was made to bind the company firmly to Klöckner Werke AG, as a subsidiary. In 1938, after a deal with Klöckner Werke AG, the company changed their name to '''Klöckner Humboldt Deutz AG'''.<ref name="Kellenbenz, Hermann (Hrsg.): Zwei Jahrtausende Kölner Wirtschaft">{{cite book|last=Kellenbenz|first=Hermann|title=Vom 18. Jahrhundert bis zur Gegenwart|year=1975|publisher=Greven|location=Köln|isbn=9783774301191|page=405}}</ref><ref name="Jung, Werner: Das moderne Köln. Der historische Stadtführer, Köln 2006">{{cite book|last=Jung|first=Werner|title=Das moderne Köln : |year=2006|publisher=Bachem|location=Köln|isbn=9783761618615|page=265|edition=1. Aufl.}}</ref><ref>{{cite book|last=Jung|first=Werner|title=Das neuzeitliche Köln |year=2004|publisher=Bachem|location=Köln|isbn=9783761615904|page=200|edition=1. Aufl.}}</ref> In 1871, the company changed its name to ] in honor of the famous German Scientist ]. In December 1924, under the direction of ], the company entered into a cooperative agreement with ] which would later become Humboldt-Deutz-Motoren AG. Peter Klöckner secured approximately 78% of the capital of Humboldt-Deutz-Motoren AG and an agreement was made to bind the company firmly to ], as a subsidiary. In 1938, after a deal with Klöckner Werke AG, the company changed their name to Klöckner Humboldt Deutz AG.<ref name="Kellenbenz, Hermann (Hrsg.): Zwei Jahrtausende Kölner Wirtschaft">{{cite book|last=Kellenbenz|first=Hermann|title=Vom 18. Jahrhundert bis zur Gegenwart|year=1975|publisher=Greven|location=Köln|isbn=9783774301191|page=405}}</ref><ref name="Jung, Werner: Das moderne Köln. Der historische Stadtführer, Köln 2006">{{cite book |last=Jung |first=Werner |title=Das moderne Köln: 1914&ndash;2005; vom Ersten Weltkrieg bis heute |series=Der historische Stadtführer |year=2006 | publisher=Bachem |location=Cologne |isbn=9783761618615 |page=265 |language=German}}</ref><ref>{{cite book|last=Jung|first=Werner|title=Das neuzeitliche Köln: 1794&ndash;1914; von der Franzosenzeit bis zum Ersten Weltkrieg |series= Der historische Stadtführer |year=2004 |publisher=Bachem|location=Köln|isbn=9783761615904 |page=200 |language=German}}</ref>


In the spring of 1969, the plant construction division was extended through the acquisition of a majority holding in ] (Wedag) of ]. Further in 1972, Wedag and Humboldt merged to become KHD Industrieanlagen AG.<ref>{{cite book|last=Hast|first=Adéle|title=International directory of company histories|year=1991|publisher=St.James Press|page=543|isbn=9781558620599|url=https://books.google.com/books?id=mXgRAQAAMAAJ&q=%22Wedag+and+Humboldt+finally+merged+in+1972,+to+become+KHD+Industrieanlagen+AG%22}}</ref>
⚫ Unfortunately, the company made a series of costly misjudgments and bad investments combined with an unfavorable economic climate, the KHD group began radical restructuring in 1988.<ref>KHD Konzern </ref>


⚫ In 1988, after economic problems caused by misjudgments and bad investments combined with an unfavorable economic climate, the KHD group began a radical restructuring based on strategic business units, with KHD AG continuing to operate as a managing holding company. The group began showing a profit in 1989.<ref></ref>
⚫ In 1993, KHD Humboldt Wedag aquired ZAB Zementanlagen und Maschinenbau GmbH.<ref> Letter to Shareholders, p 16 </ref>


⚫ In 1993, KHD Humboldt Wedag acquired ].<ref></ref>
⚫ In 1996, mismanagement was revealed,<ref>, '']'', 3 June 1996 {{de icon}}</ref> and in 2005 the company was acquired as a troubled property by MFC Bancorp; after its successful recovery, the holding company itself changed its name to KHD Humboldt Wedag International Ltd.<ref>Matt Rand, , '']'', 8 November 2005.</ref><ref>Richard Gibbons, , ], 13 July 2007.</ref>


⚫ Later in 2005 the company was acquired by ]; after its successful recovery, the holding company itself changed its name to KHD Humboldt Wedag International Ltd.<ref>Matt Rand, , '']'', 8 November 2005.</ref><ref>Richard Gibbons, , ], 13 July 2007.</ref>
⚫ The bank holdings were spun out in 2006 and later reintegrated with the company to form what was then known as Terra Nova Royalty Corporation and later became ]; KHD was spun out in 2010.<ref>, MFC Industrial Ltd., 2011.</ref> In 2009, KHD Humboldt Wedag divested itself of two subsidiaries, MBE Coal & Minerals Technology and MBE Cologne Engineering, to concentrate on cement.<ref>, Köln Nachrichten, 30 June 2010 {{de icon}}</ref><ref>, Press release, ], 8 October 2009.</ref>


⚫ In 2009, KHD Humboldt Wedag divested its two subsidiaries, MBE Coal & Minerals Technology and MBE Cologne Engineering, to concentrate on ].<ref> {{Webarchive|url=https://web.archive.org/web/20131008105241/http://www.koeln-nachrichten.de/wirtschaft/unternehmen/unternehmen-news/article/humboldt-wedag-kein-weiterer-stellenabbau.html |date=2013-10-08 }}, Köln Nachrichten, 30 June 2010 {{in lang|de}}</ref><ref>, Press release, ], 8 October 2009.</ref>
⚫ On February 2011, KHD and ] signed a strategic partnership agreement. Both companies work together to offer select, competitive, turn-key solutions for the cement industry by combining the strengths of KHD Technology, with AVIC`s construction experience and competitive cost platform.<ref>Annual Report 2011, p4 </ref>


In 2010, the company split into ] and ] AG.<ref>, MFC Industrial Ltd., 2011.</ref>
⚫ == References ==


⚫ In February 2011, KHD and ] signed a strategic partnership agreement.<ref></ref>
{{reflist}}


In April 2013, KHD signed an exclusive and perpetual license agreement with ] for HPGR (high pressure grinding rolls) technology. KHD would receive royalty payment on equipment sales.<ref></ref><ref></ref>
== External links ==


In Sept 2013, AVIC International Beijing Limited bid to acquire further 19.03% of shares in KHD Humboldt Wedag International AG. On the completion of these transactions, AVIC will hold total 39.03% of the shares in KHD.<ref>{{Cite web|url=http://www.financialpost.com/markets/news/AVIC+International+Beijing+Company+Limited+Announces+Acquisition+Further/9026465/story.html|title = Home &#124; Financial Post Home Page &#124; Financial Post}}</ref>
*{{official website|http://www.khd.com}}


In Dec 2013, a joint statement by the management and supervisory Board said they welcome AVIC's aim to continue its support of KHD's current growth strategy and to maintain the commercial identity of the KHD Group.<ref>{{Cite web|url=http://www.cemnet.com/News/story/153455/khd-recommends-shareholders-accept-avic-offer.html|title=KHD recommends shareholders accept AVIC offer|date=6 December 2013}}</ref>


== Business concept ==
⚫ ]
Apart from ] and ], the company's products are classified into grinding technology, burning technology and process automation. The company also has a centralized test center in ] and a dedicated ]s and plant services division.<ref></ref>


⚫ == References ==


{{Reflist}}
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⚫ ]
]
]
]
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Latest revision as of 12:45, 7 October 2024

German engineering company "KHD" redirects here. For other uses, see KHD (disambiguation).
KHD Humboldt Wedag
Company typePublicly traded
Traded asFWB: KWG
IndustryEngineering
Founded1856
HeadquartersCologne, Germany
Key peopleHubert Keusch(Chairman), Juergen Luckas (CFO), Yizhen “Mario” Zhu (EVP), Daniel Uttelbach, Sales & Technology (EVP)
ProductsMachinery, systems and services for the cement industry
ServicesPlant Services, Spare parts, Process Engineering, Project Management
Number of employees750 employees
Websitekhd.com

KHD Humboldt Wedag is an engineering company that supplies machinery, parts, and services, including process engineering and project management to the global cement industry. The holding company KHD Humboldt Wedag International AG, based in Cologne, Germany employs more than 750 employees worldwide, including customer service centers in the Americas, India, Russia, and the Asia-Pacific region.

KHD Humboldt Wedag International AG is listed on the Frankfurt Stock Exchange.

History

In 1856, Hermann Sievers, Wimmar Breuer and Martin Neuerburg formed a general partnership, under the name of Maschinenfabrik von Sievers & Co Humboldt Wedag AG, formed in 1859 was formerly the industrial plant arm of Deutz AG.

In 1871, the company changed its name to Maschinenbau Anstalt Humboldt in honor of the famous German Scientist Alexander von Humboldt. In December 1924, under the direction of Peter Klöckner, the company entered into a cooperative agreement with Motorenfabrik Deutz AG which would later become Humboldt-Deutz-Motoren AG. Peter Klöckner secured approximately 78% of the capital of Humboldt-Deutz-Motoren AG and an agreement was made to bind the company firmly to Klöckner Werke AG, as a subsidiary. In 1938, after a deal with Klöckner Werke AG, the company changed their name to Klöckner Humboldt Deutz AG.

In the spring of 1969, the plant construction division was extended through the acquisition of a majority holding in Westfalia Dinnendahl Gröppel AG (Wedag) of Bochum. Further in 1972, Wedag and Humboldt merged to become KHD Industrieanlagen AG.

In 1988, after economic problems caused by misjudgments and bad investments combined with an unfavorable economic climate, the KHD group began a radical restructuring based on strategic business units, with KHD AG continuing to operate as a managing holding company. The group began showing a profit in 1989.

In 1993, KHD Humboldt Wedag acquired ZAB Zementanlagen und Maschinenbau GmbH.

Later in 2005 the company was acquired by MFC Bancorp; after its successful recovery, the holding company itself changed its name to KHD Humboldt Wedag International Ltd.

In 2009, KHD Humboldt Wedag divested its two subsidiaries, MBE Coal & Minerals Technology and MBE Cologne Engineering, to concentrate on cement.

In 2010, the company split into Terra Nova and KHD Humboldt Wedag International AG.

In February 2011, KHD and AVIC Beijing Co. Ltd signed a strategic partnership agreement.

In April 2013, KHD signed an exclusive and perpetual license agreement with Weir Minerals for HPGR (high pressure grinding rolls) technology. KHD would receive royalty payment on equipment sales.

In Sept 2013, AVIC International Beijing Limited bid to acquire further 19.03% of shares in KHD Humboldt Wedag International AG. On the completion of these transactions, AVIC will hold total 39.03% of the shares in KHD.

In Dec 2013, a joint statement by the management and supervisory Board said they welcome AVIC's aim to continue its support of KHD's current growth strategy and to maintain the commercial identity of the KHD Group.

Business concept

Apart from process engineering and project management, the company's products are classified into grinding technology, burning technology and process automation. The company also has a centralized test center in Cologne and a dedicated spare parts and plant services division.

References

  1. ^ "KHD 2013 Fact Sheet"
  2. Buergin, Rainer (16 February 2011). "Daimler, KHD Humboldt Wedag, SAP: German Equity Market Preview". Bloomberg L.P. Retrieved 21 May 2013.
  3. Henze, Anton; et al. (1982). Nordrhein-Westfalen: Kunstdenkmäler und Museen (in German) (6th ed.). Stuttgart: Reclam. p. 430. ISBN 9783150084021.
  4. World Trade Centers Association World Business Directory Volume 1, Detroit: Gale, 1996, ISBN 9780810356788, p. 1685.
  5. International Directory of Company Histories Volume 39, ed. Tina Grant, Detroit: Gale, 2001, ISBN 9781558624443, p. 122.
  6. "Kein Käufer für die Wedag", Manager Magazin, 10 November 1999 (in German)
  7. Kellenbenz, Hermann (1975). Vom 18. Jahrhundert bis zur Gegenwart. Köln: Greven. p. 405. ISBN 9783774301191.
  8. Jung, Werner (2006). Das moderne Köln: 1914–2005; vom Ersten Weltkrieg bis heute. Der historische Stadtführer (in German). Cologne: Bachem. p. 265. ISBN 9783761618615.
  9. Jung, Werner (2004). Das neuzeitliche Köln: 1794–1914; von der Franzosenzeit bis zum Ersten Weltkrieg. Der historische Stadtführer (in German). Köln: Bachem. p. 200. ISBN 9783761615904.
  10. Hast, Adéle (1991). International directory of company histories. St.James Press. p. 543. ISBN 9781558620599.
  11. KHD Konzern
  12. Letter to Shareholders, p 16
  13. Matt Rand, "Gurus Buy Into Europe, Sell Technology", Forbes, 8 November 2005.
  14. Richard Gibbons, "A Potential 10-Bagger", The Motley Fool, 13 July 2007.
  15. "Humboldt Wedag: Kein weiterer Stellenabbau" Archived 2013-10-08 at the Wayback Machine, Köln Nachrichten, 30 June 2010 (in German)
  16. "KHD Humboldt Wedag International Ltd. Announces the Completion of the Sale of Its World-Wide Coal and Minerals Operations and Its Manufacturing Facility in Cologne", Press release, Reuters, 8 October 2009.
  17. Company History, MFC Industrial Ltd., 2011.
  18. Annual Report 2011, p4
  19. Nasdaq OMX
  20. FinanzNachrichten
  21. "Home | Financial Post Home Page | Financial Post".
  22. "KHD recommends shareholders accept AVIC offer". 6 December 2013.
  23. " Reuters"
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