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KHD Humboldt Wedag International Ltd. Appoints New Cement Division President

03/18/2008

HONG KONG, March 18 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd. (NYSE: KHD) announced today the appointment of Mr. Jouni O. Salo, as President of its Cement Equipment Division reporting directly to CEO Jim Busche. Mr. Salo joins KHD from Helsinki-based Metso Minerals Inc., where he most recently served as President of the Construction Materials Business Line. Mr. Salo brings to KHD over 25 years of international business experience with broad based marketing, operational and management capabilities. He will be based in Vienna.

Mr. Busche commented, "We are extremely pleased to have Jouni join our executive team and to lead our Cement Equipment Division. He brings to KHD broad leadership experience in the industrial equipment market and an extensive international business understanding at the senior executive level; both attributes are keys to KHD's continued global business expansion. His experience with organizational, operational and acquisition matters coupled with an insightful approach to business improvements will certainly help propel KHD to a more prominent position in our key markets."

In Mr. Salo's new position, he will have P&L responsibility for the Cement Equipment Division on a global basis. He will lead the establishment of the Division's strategic plans and initiatives, required business development actions to sustain and improve revenue and earnings growth, product development and brand positioning to increase market share. Mr. Salo's appointment is an integral step in the development of a strong management team focused on identifying and capitalizing on opportunities for the continued growth and sustainable global expansion of KHD's industrial plant equipment business.

Mr. Salo had an impressive management track record at Metso Minerals Inc. and related operations; he held progressively more responsible positions in marketing and sales, operations and executive management. Most recently, he was President of the Construction Materials Business Line of Metso Minerals Inc., having almost US$4 billion in revenue and over 10,000 people in total. In this position he was responsible for the profitability and reorganization of one of the largest business divisions having manufacturing plants in numerous parts of the world, and with a strong focus on development of emerging markets. Previously he also played a pivotal role in the acquisition and integration of companies around the world. He holds a Bachelor of Science degree in Mechanical Engineering from the Technical College of Hameenlinna.

About KHD Humboldt Wedag International Ltd.

KHD Humboldt Wedag International Ltd. owns companies that operate internationally in the industrial plant engineering and equipment supply business, and specializes in the cement, coal and minerals processing industries. To obtain further information on KHD, please visit our website at http://www.khdhumboldt.com

     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
            or                          randall.r@khd.de
            Len Hall (media)
            1 (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, randall.r@khd.de/
/Web site: http://www.khdhumboldt.com /
(KHD)

 

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