- Since 2004, KHD contracts for new cement kiln capacity in Russia now exceed 10 million tons per year -
HONG KONG, May 5 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd (NYSE: KHD) announced today that it has been awarded a contract valued at approximately US$138 million from a Russian cement producer to develop a new production line.
OAO Novoroszement, based in Krasnodar, has awarded a contract to KHD for a cement production line with a capacity of 2 million tonnes per year, the equivalent of 6,000 tonnes per day. The contracted scope of supply includes all imported equipment for the production line from crushing to packing plant. The KHD proprietary scope of supply includes the pyro-processing section consisting of a 2 string, 4-stage pre-heater PRZ 7950 with PYROCLON-R(R) calciner and PYROTOP(R) Compact mixing chamber and tertiary air duct; PYRORAPID(R) rotary kiln 5.2 m diameter and 65.0 m length with PYRO-JET(R) burner and a PYROFLOOR(R) clinker cooler PFC with clinker crusher; 2 cement grinding sections with Roller Press RP20-170/80, V-Separator (static separator) and Ball mill 3.8 m x 12.75 m with SEPMASTER(R) SKS-Z 375; and a quality control and automation system with KHD expert systems ROMIX(R), Produx(R), PYROFLOOR(R) - CONTROL, SCANEX(R).
KHD also announced that a separate contract for the supervision of the erection and commissioning will be negotiated at a later stage.
KHD Humboldt Wedag International Ltd. CEO Jim Busche commented, "This most recent award reinforces our leading position in the Russian market and the significant and growing role of KHD in the development of Russia's infrastructure. Our strategy of focusing on the market opportunities available in the robust Russian economy continues to significantly contribute to our record backlog levels."
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
Disclaimer for Forward-Looking Information
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
1 (212) 691-8087 International Ltd
joe@allencaron.com 1 (604) 683-8286 ex 224
or rrandall@bmgmt.com
Brian Kennedy (media)
1 (212) 691-8087
brian@allencaron.com
SOURCE KHD Humboldt Wedag International Ltd
International News / Press Release source: PR Newswire
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