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| == Business Concept == | == Business Concept == | ||
| KHD with over 155 years of experience in the cement industry has been constantly improving competitiveness based on |
KHD with over 155 years of experience in the cement industry has been constantly improving competitiveness based on Customer-focused growth<ref name="Nasdaq OMX">{{cite news|title=Nasdaq OMX|url=http://globenewswire.com/news-release/2013/03/27/534024/0/en/DGAP-News-KHD-Humboldt-Wedag-International-AG-KHD-Humboldt-Wedag-International-AG-starts-2013-with-increased-order-backlog-but-market-remains-uncertain.html|date=March 27, 2013 03:01}}</ref> , Technical Leadership and Operational Excellence and commitment. | ||
| Apart from ] and ], the company's product portfolio is classified into Grinding Technology, Burning Technology and Process Automation. Apart from a centralized Test Center in ], the company also has a dedicated ] and Plant Services.<ref> </ref> | Apart from ] and ], the company's product portfolio is classified into Grinding Technology, Burning Technology and Process Automation. Apart from a centralized Test Center in ], the company also has a dedicated ] and Plant Services.<ref> </ref> | ||
Revision as of 07:35, 3 July 2013
 | |
| Company type | Publicly traded |
|---|---|
| Traded as | FWB: KWG |
| Industry | Engineering |
| Founded | 1856 |
| Headquarters | Cologne, Germany |
| Key people | Suk Ching Yuen (Chairwoman), Jouni Salo (CEO), Yizhen Zhu (COO), Ralph Quellmalz (CFO) |
| Products | Machinery, systems and services for the cement |
| Number of employees | 750 employees |
| Website | khd.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 & CoHumboldt Wedag AG, formed in 1859 was formerly the industrial plant arm of Deutz AG.
In 1871, the company changed its name to Maschinenbauanstalt Humboldt in honor of the famous German Scientist Alexander von Humboldt. 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.
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.
In 1993, KHD Humboldt Wedag aquired ZAB Zementanlagen und Maschinenbau GmbH.
In 1996, mismanagement was revealed, 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.
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 MFC Industrial Ltd; KHD was spun out in 2010. In 2009, KHD Humboldt Wedag divested itself of two subsidiaries, MBE Coal & Minerals Technology and MBE Cologne Engineering, to concentrate on cement.
On February 2011, KHD and AVIC Beijing Co. Ltd 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.
Business Concept
KHD with over 155 years of experience in the cement industry has been constantly improving competitiveness based on Customer-focused growth , Technical Leadership and Operational Excellence and commitment.
Apart from process engineering and project management, the company's product portfolio is classified into Grinding Technology, Burning Technology and Process Automation. Apart from a centralized Test Center in cologne, the company also has a dedicated Spare Parts and Plant Services.
References
- ^ "KHD 2013 Fact Sheet"
- Buergin, Rainer (16 February 2011). "Daimler, KHD Humboldt Wedag, SAP: German Equity Market Preview". Bloomberg L.P. Retrieved 21 May 2013.
- al.], von Anton Henze [et (1982). Nordrhein-Westfalen : Kunstdenkmäler und Museen (6., neubearbeitete und erw. Aufl. ed.). Stuttgart: Reclam. p. 430. ISBN 9783150084021.
- World Trade Centers Association World Business Directory Volume 1, Detroit: Gale, 1996, ISBN 9780810356788, p. 1685.
- International Directory of Company Histories Volume 39, ed. Tina Grant, Detroit: Gale, 2001, ISBN 9781558624443, p. 122.
- "Kein Käufer für die Wedag", Manager Magazin, 10 November 1999 Template:De icon
- Kellenbenz, Hermann (1975). Vom 18. Jahrhundert bis zur Gegenwart. Köln: Greven. p. 405. ISBN 9783774301191.
- Jung, Werner (2006). Das moderne Köln : (1. Aufl. ed.). Köln: Bachem. p. 265. ISBN 9783761618615.
- Jung, Werner (2004). Das neuzeitliche Köln (1. Aufl. ed.). Köln: Bachem. p. 200. ISBN 9783761615904.
- KHD Konzern
- Letter to Shareholders, p 16
- Mißmanagement: Wer paßt eigentlich auf?", Der Spiegel, 3 June 1996 Template:De icon
- Matt Rand, "Gurus Buy Into Europe, Sell Technology", Forbes, 8 November 2005.
- Richard Gibbons, "A Potential 10-Bagger", The Motley Fool, 13 July 2007.
- Company History, MFC Industrial Ltd., 2011.
- "Humboldt Wedag: Kein weiterer Stellenabbau", Köln Nachrichten, 30 June 2010 Template:De icon
- "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.
- Annual Report 2011, p4
- "Nasdaq OMX". March 27, 2013 03:01.
{{cite news}}: Check date values in:|date=(help) - " Reuters"
External links