KHD Humboldt Wedag International Ltd Awarded Three Cement Plant Projects (Pyroprocessing Lines) in India Valued at Approximatel
05 Luglio 2006 - 2:30PM
PR Newswire (US)
HONG KONG, July 5 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag
International Ltd. ("KHD") (NASDAQ:KHDH) is pleased to announce
that its New Delhi-based Indian subsidiary, Humboldt Wedag India,
has successfully concluded negotiations with Grasim Industries, one
of the major cement producers in India, and executed contracts on
June 30, 2006, for the engineering and supply of equipment for
three new 8000 ton per day cement plants (pyroprocessing lines) in
India. The value of these contracts is approximately US$85 million.
KHD Humboldt President and CEO Jim Busche commented, "We have long
been a proud corporate citizen of India, and part of the
fast-growing Indian economy. India's burgeoning infrastructure is a
major user of cement, and these three new plants will help enable
India to continue its modernization and economic growth. As one of
the leading engineering services companies in the world, we are
very pleased to be working with Grasim Industries on these
projects." The KHD proprietary scope of supply for each plant
includes a six stage double string preheater with a PYROCLON(R) Low
NOx calciner complete with PYROTOP(R), tertiary air ducts, a three
station Rotary kiln with a PYROJET(R).burner In addition, KHD will
supply at each plant its new clinker cooler, the PYROFLOOR(R)
cooler equipped with a PYRO CRUSHER(R). 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: Allen
& Caron Inc Rene Randall Joseph Allen (investors) KHD Humboldt
Wedag International Ltd 212-691-8087 604-683-8286 or Len Hall
(media) +1-949-474-4300 DATASOURCE: KHD Humboldt Wedag
International Ltd. CONTACT: Rene Randall of KHD Humboldt Wedag
International Ltd, +1-604-683-8286, or ; or investors, Joseph
Allen, +1-212-691-8087, or , or media, Len Hall, +1-949-474-4300,
or , both of Allen & Caron Inc, for KHD Humboldt Wedag
International Ltd Web site: http://www.khdhumboldt.com/
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