KHD Humboldt Wedag International Ltd. Awarded US$65 Million Contract in Missouri
29 Junho 2006 - 1:29PM
PR Newswire (US)
HONG KONG, June 29 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag
International Ltd. ("KHD") (NASDAQ:KHDH) is pleased to announce
that its Atlanta-based US subsidiary, Humboldt Wedag Incorporated,
has successfully concluded negotiations with a major international
cement producer and executed a contract for the engineering and
supply of equipment for a new 6,440 ton per day cement plant in the
State of Missouri. The value of this contract is approximately
US$65 million. KHD Humboldt President and CEO Jim Busche commented,
"Cement is the largest single component of most infrastructure
projects around the world. We have a long history of designing,
building and outfitting cement plants internationally. The focus of
the investment markets has come to rest on suppliers of cement in
rapidly growing economies such as China, India and South America.
We are very active in all those geographies, but the need for
cement is also growing in the United States, as evidenced by this
project in Missouri. We are pleased to have been chosen for this
project, and consider it an endorsement of our eminent position in
this industry worldwide." The KHD proprietary scope of supply
includes a five stage double string preheater with a common
PYROCLON(R) Low NOx calciner complete with PYROTOP(R), a single
tertiary air duct and a two station PYRORAPID(R) kiln. The producer
will provide the raw and finish mills, the clinker cooler and the
process fans. In addition, KHD will be supplying the balance of the
plant auxiliary equipment including the electrical systems, and all
process and civil engineering. The dollar value of this contract is
considered material and triggers the requirement for this
announcement. As discussed in the Form 6-K filing of May 16, 2006,
KHD does not book Order Intake until contract negotiations have
been concluded and the documents signed. Consequently, although the
Letter of Intent for this project was executed in January 2006,
this announcement and the recording as Order Intake have been
deferred until this contract was signed and will be reflected in
the second quarter results. About KHD Humboldt Wedag International
Ltd. KHD Humboldt Wedag International Ltd. (the "Company") owns
companies that operate internationally in the industrial plant
engineering and equipment supply industry, and specializes in the
cement, coal and mineral industries. To obtain further information
on the Company, please visit our website at
http://www.khdhumboldt.com/ Certain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding the Company's future growth, results of
operations, performance and business prospects and opportunities.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause
actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given
that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
assumptions. These assumptions, which include, management's current
expectations, estimates and assumptions about certain projects and
the markets the Company operates in, the global economic
environment, interest rates, exchange rates and the Company's
ability to attract and retain customers and to manage its assets
and operating costs, may prove to be incorrect. Contact
Information: Allen & Caron Inc Joseph Allen (investors) (212)
691-8087 or Len Hall (media) (949) 474-4300 Rene Randall KHD
Humboldt Wedag International Ltd. (604) 683-8286 DATASOURCE: KHD
Humboldt Wedag International Ltd. CONTACT: Investors, Joseph Allen,
+1-212-691-8087, , or Media, Len Hall, +1-949-474-4300, , both of
Allen & Caron Inc, for KHD Humboldt Wedag International Ltd.;
or Rene Randall of KHD Humboldt Wedag International Ltd.,
+1-604-683-8286, Web site: http://www.khdhumboldt.com/
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