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NYSE:SRL 5.08 +0.28 +5.73% Volume: 38,190 December 2, 2020

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October 5, 2020 CORPORATE UPDATE

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KHD Humboldt Wedag International Ltd Awarded Three Cement Plant Projects (Pyroprocessing Lines) in India Valued at Approximately US$85 Million

07/05/2006

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
            joe@allencaron.com                 rrandall@bmgmt.com
            or
            Len Hall (media)
            +1-949-474-4300
            len@allencaron.com
            SOURCE  KHD Humboldt Wedag International Ltd.
            -0-                             07/05/2006
            /CONTACT:  Rene Randall of KHD Humboldt Wedag International Ltd,
            +1-604-683-8286, or rrandall@bmgmt.com; or investors, Joseph Allen,
            +1-212-691-8087, or joe@allencaron.com, or media, Len Hall, +1-949-474-4300,
            or len@allencaron.com, both of Allen & Caron Inc, for KHD Humboldt Wedag
            International Ltd/
            /Web site:  http://www.khdhumboldt.com/
            (KHDH)
            CO:  KHD Humboldt Wedag International Ltd.; Humboldt Wedag India;
            Grasim Industries
            ST:  China, India
            IN:  MNG CHM MAC
            SU:  CON
            KG
            -- SFW051 --
            9140 07/05/2006 07:30 EDT http://www.prnewswire.com
            
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