KHD Humboldt Wedag
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| Publicly traded | |
| Traded as | : KWG |
| Industry | Engineering |
| Founded | 1856 |
| Headquarters | Cologne, Germany |
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Key people
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Hubert Keusch(Chairman), Juergen Luckas (CFO), Yizhen “Mario” Zhu (EVP), Daniel Uttelbach, Sales & Technology (EVP) |
| Products | Machinery, systems and services for the cement industry |
| Services | Plant Services, Spare parts , Process Engineering, Project Management |
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Number of employees
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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 .
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 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.
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.
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Wikipedia