KHD Humboldt Wedag Internation (KHD)

KHD Humboldt Wedag International Ltd. operates as an industrial plant engineering and equipment supply company. The company supplies technologies, equipment, and engineering services for cement and coal and minerals processing industries. The companys products and services for the cement industry include plant design, equipment design and development, engineering services, and automation services; grinding technologies for use in raw material, clinker and finished cement grinding; and pyro-process equipment comprising pre-heaters, kilns, burners, and clinker coolers. Its product and services for the coal and minerals processing industries consist of jigs, centrifuges, float cells, and flocculant products; equipment and plant components for crushing, grinding, and separation of ore and minerals; chemicals for sorting materials by floatation; and coal floatation reagents. KHD Humboldt Wedag has operations in India, China, Russia, Germany, the Middle East, Australia, South Africa, and the United States. The company was formerly known as MFC Bancorp Ltd. and changed its name to KHD Humboldt Wedag International Ltd. in October 2005. KHD Humboldt Wedag was founded in 1951 and is based in Central, Hong Kong.

For the nine months ended 30 September 2006, KHD Humboldt Wedag International Limited's revenues fell 55% to $325.6M. Net income fell 19% to $23M. Revenues reflect the separation of Financial Services segment business into a separate Company. Net income was partially offset by lower financial services expenses, reduced general & administrative expenses, a decrease in interest expense and lower provision for income taxes.