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KHD Humboldt Wedag

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KHD Humboldt Wedag
Company typePublicly traded
Traded asFWB: KWG
IndustryEngineering
Founded1856
HeadquartersCologne, Germany
Key peopleSuk Ching Yuen (Chairwoman), Jouni Salo (CEO), Yizhen Zhu (COO), Ralph Quellmalz (CFO)
ProductsMachinery, systems and services for the cement
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 & 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.

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. al.], von Anton Henze [et (1982). Nordrhein-Westfalen : Kunstdenkmäler und Museen (6., neubearbeitete und erw. Aufl. 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 Template:De icon
  7. Kellenbenz, Hermann (1975). Vom 18. Jahrhundert bis zur Gegenwart. Köln: Greven. p. 405. ISBN 9783774301191.
  8. Jung, Werner (2006). Das moderne Köln : (1. Aufl. ed.). Köln: Bachem. p. 265. ISBN 9783761618615.
  9. Jung, Werner (2004). Das neuzeitliche Köln (1. Aufl. ed.). Köln: Bachem. p. 200. ISBN 9783761615904.
  10. KHD Konzern
  11. Letter to Shareholders, p 16
  12. Mißmanagement: Wer paßt eigentlich auf?", Der Spiegel, 3 June 1996 Template:De icon
  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. Company History, MFC Industrial Ltd., 2011.
  16. "Humboldt Wedag: Kein weiterer Stellenabbau", Köln Nachrichten, 30 June 2010 Template:De icon
  17. "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.
  18. Annual Report 2011, p4

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