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KHD Humboldt Wedag International Ltd. Adds to Its Executive Team

02/20/2008

- New Vice-President to Lead Global Expansion of Coal and Minerals Business -

HONG KONG, Feb. 20 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd. (NYSE: KHD) announced today that it has appointed Graham Lawes as Vice-President of its Coal and Minerals subsidiaries reporting directly to CEO Jim Busche. Mr. Lawes comes to KHD from GLV where he most recently served as Vice-President and General Manager of the firm's global water group, Eimco Water Technologies. Mr. Lawes also has over twenty years of international process equipment experience.

KHD Humboldt Wedag International Ltd. CEO Jim Busche commented, "We are very pleased that Graham has decided to join us. The expansion of our coal and minerals processing business is a vital element of KHD's sustainable growth plan and we recognize that growth must come through acquisitions, strategic technology partnerships and expanded presence in the key international coal and minerals business geographies of Latin America, Russia, Australia, Asia and South Africa. Graham has a superior track record of such accomplishments during his tenure at GLV and prior to that, at Bateman."

In his new KHD position, Mr. Lawes will be profit accountable for the coal and minerals subsidiaries on a global basis and has been given strategic objectives regarding business development, market position, branding, value growth and acquisitive expansion. The Board views Mr. Lawes' appointment as another important step by the CEO in establishing a team of corporate executives necessary to effectively complete the globalization of KHD.

Since joining GLV in 1999, Graham served in a variety of positions starting in South Africa leading the integration of acquisitions in South Africa, Australia and Singapore. Upon his transfer to the UK in 2005, Graham spent his first ten months successfully integrating three new acquisitions into one new GLV company with greatly improved operating efficiencies. In his last two years with GLV Graham successfully led the simultaneous acquisition and integration effort of four companies. Under Graham's leadership, this effort yielded results of annual revenue growth of 300%, an increase of 400% in operating profit, geographic expansion in Asia and market share growth in existing markets. Prior to GLV, Graham was Managing Director of Bateman Process Equipment Ltd in South Africa. Graham holds a Bachelor of Science degree in Metallurgy from the University of Newcastle upon Tyne.

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

CONTACT: 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
Web site: http://www.khdhumboldt.com
(KHD)

 

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