KHD Humboldt Wedag International Ltd. Awarded US $50 Million Contract in Russia
11 Janeiro 2007 - 10:30AM
PR Newswire (US)
HONG KONG, Jan. 11 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag
International Ltd. ("KHD") (NASDAQ:KHDH), a leader in the
industrial plant engineering services and equipment supply
industry, announced today that it has concluded negotiations with
JUGPK Novotoizk, a major Russian cement producer, and has been
awarded a contract for a new cement production line with a capacity
of 3,000 tpd. The value of the contract is approximately US $50
million. KHD will provide engineering services and equipment supply
through its German subsidiaries, KHD Humboldt Wedag GmbH in Cologne
and ZAB-Industrietechnik und Service GmbH in Dessau. The plant is
scheduled to go into production in 2008. KHD Humboldt President and
CEO Jim Busche commented, "We consider this contract another
important milestone for KHD. In recent years we have been very
active in rapidly growing economies such as China, India and South
America. We also have a long history of designing, supplying
equipment for and building plants in Russia. This new project in
the Juschno-Uralskaja Gorno-Pererabatuwajuschtschaja Kompanija area
of Orenburg, further strengthens our presence in Russia, and
favorably positions KHD for more projects in the rapidly growing
Russian market." The KHD proprietary scope of supply includes the
raw meal grinding section with roller press RP 13-170/140; the
pyroproprocessing section consisting of a 5-stage preheater with
PYROCLON(R)-R calciner, PYRORAPID(R) rotary kiln with PYRO-JRT(R)
burner, and a PYROFLOOR(R) clinker cooler PFC with clinker crusher
and the cement grinding section with a 0 5 m x 14.5 m ball mill
with SEPMASTER(R), type SKS-Z 3250. About KHD Humboldt Wedag
International Ltd. KHD Humboldt Wedag International Ltd. (the
"Company") owns companies that operate internationally in the
industrial plant engineering services 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 Rene Randall KHD Humboldt Wedag International Ltd (604)
683-8286 or Len Hall (media) (949) 474-4300 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; or Rene Randall of KHD Humboldt Wedag
International Ltd, +1-604-683-8286, Web site:
http://www.khdhumboldt.com/
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