- Provides Additional Details On Two November Contracts -
HONG KONG, Dec. 17 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag
International Ltd (NYSE: KHD) announced today that it has been selected by
Akmenes Cementas AB, located in Naujoji Akmene, Lithuania, to provide a
production line to produce 4,500 tons per day of clinker. The Company values
the new contract at approximately US$51 million. The order covers
engineering, design and equipment supply, from raw-material crushing to
clinker transport and distribution to silos. The Company also announced
details of two orders received after the close of the third quarter, which
together are valued at approximately $179 million and were included in the
Company's backlog of $925 million announced on November 14, 2007.
Jim Busche, CEO of KHD Humboldt Wedag International Ltd, commented, "We
are pleased to be working with Akmenes Cementas, which is the only cement
producer in Lithuania, and the largest cement producer in the Baltic region.
Tailor-made solutions such as the one we will be providing to Admenes Cementas
-- which has a requirement to deal with a high moisture content in the raw
materials -- differentiate our technology from that of our competitors."
Mr. Busche said the plant will be erected at the Akmenes facility
approximately 80 kilometers northwest of Vilnius, Lithuania.
The Company's scope of supply and services also includes core components
such as an impact hammer mill; SEPMASTER(R) SKS-L-separator and ball mill for
crushing, drying and grinding raw materials; a single-string four-stage
preheater with PYROCLON(R) Low NOx calciner and PYROTOP(R) compact mixing
chamber and PYROBOX(R) calciner firing systems; a rotary kiln with
PYROSTREAM(R) burners and tertiary air duct; as well as a PYROFLOOR(R) clinker
cooler with hammer-type clinker crusher; and process controller
PYROFLOOR-CONTROL(R).
KHD also announced details of two orders received after September 30th of
this year from India and Egypt following receipt of detailed equipment lists
from the customers. The Indian contract, valued at approximately US$89
million, will provide equipment for a new slag-based cement plant to be
erected by Jindal Steel Works. The Egyptian contract is with Cairo-based
Orascom Construction Industries, which owns cement plants worldwide; the
Orascom contract is valued at approximately US$90 million. Both the Jindal
and the Orascom contracts were included in the Company's backlog of $925
million announced on November 14, 2007.
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 business, 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 Rene Randall
Joseph Allen (investors) KHD Humboldt Wedag International Ltd
(212) 691-8087 (604) 683-8286
joe@allencaron.com rrandall@bmgmt.com
or
Len Hall (media)
(949) 474-4300
len@allencaron.com
SOURCE KHD Humboldt Wedag International Ltd
Investors, Joseph Allen, +1-212-691-8087, joe@allencaron.com, or media, Len
Hall, +1-949-474-4300, len@allencaron.com, both of Allen & Caron Inc, for KHD
Humboldt Wedag International Ltd; or Rene Randall of KHD Humboldt Wedag
International Ltd, +1-604-683-8286, rrandall@bmgmt.com
