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NYSE:SRL 7.71 -0.03 -0.42% Volume: 4,337 December 5, 2022

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KHD Humboldt Wedag International Ltd Wins US $119 Million in New Contracts in Russia


- Use of slag as feedstock component contributes to local environmental remediation effort -

HONG KONG, Feb. 19 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd (NYSE: KHD) announced today that it has won contracts valued at approximately US$119 million from two leading Russian cement producers to develop new production lines. One of the new facilities is designed to use slag located near the building site as a component of the feedstock for the cement to be produced in the plant thereby contributing to the local environmental remediation effort.

Under the first contract, valued at US$56 million KHD will provide a 3,000 tonne per day production facility for JUGPK Novotoizk. The KHD proprietary portion of this contract includes the raw meal grinding section with KHD roller press RP 13-170/140; the pyro-processing section consisting of a 5-stage preheater with PYROCLON(R)-R calciner, PYRORAPID(R) rotary kiln with PYRO-JRT(R) burner, and a PYROFLOOR(R) clinker cooler PFC with clinker crusher; and the cement grinding section with a 0 5m x 14.5m KHD ball mill with SEPMASTER(R), type SKS-Z 3250. This facility is similar to one awarded to KHD by the same client in 2006.

Under the second contract, valued at US$63 million, KHD will design, build and outfit a new cement production line for OAO Ulanovskshifer, a subsidiary of Mordowcement, another major Russian cement producer. This new cement production line will also have a capacity of 3,000 tonnes per day. This equipment contract follows an engineering contract from Mordowcement awarded last year and valued at approximately US$11 million. The scope of supply and services includes all of the equipment for the production line from crushing to packing. The KHD proprietary scope of supply includes the pyro-processing section consisting of a 4-stage preheater PR BK 7952/4 Pc with burning chamber and PYROTOP(R) compact, PYRORAPID(R) rotary kiln 4.4 x 52m with PYROJET(R) burner type HPJ 230G and a PYROFLOOR(R) clinker cooler PFC 533A with clinker crusher and the grinding section with a KHD ball mill 0 4.4m x 13m with SEPMASTER(R) SKS-Z 2500. This is the third production line recently awarded to KHD by Mordowcement. The combined new capacity of the three lines is approximately 3.8 million tonnes per year.

KHD will provide the services and equipment supply for both of these contracts through its German subsidiary, ZAB-Industrietechnik und Service GmbH (ZABIS) in Dessau.

KHD Humboldt Wedag International Ltd CEO Jim Busche commented, "The award of these orders from repeat customers demonstrates KHD's dominance in the Russian market and the confidence customers have in our ability to help them develop Russia's infrastructure. We are also proud that our ability to use slag as a raw material component for JUGPK Novotoizk contributes to local environmental remediation efforts."

Mr. Busche emphasized that KHD has a long-term commitment to its Russian customers and partners, dating back to the 1950s and re-established in the 1990s. He pointed out that the company has recently converted its Russian sales office to an operating company, and has also acquired a Russian design institute. KHD has made a strategic decision to continue to strengthen its Russian presence and expand its partnering efforts in order to capitalize on the market opportunities available in the robust Russian economy.

These new orders strengthen the position of KHD in the Russian market with more than 8 million tonnes per annum of new capacity in Russia currently under contract.

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

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
            Len Hall (media)
            (949) 474-4300

SOURCE KHD Humboldt Wedag International Ltd

CONTACT: investors, Joseph Allen, +1-212-691-8087,,
or media, Len Hall, +1-949-474-4300,, both of Allen & Caron Inc,
for KHD Humboldt Wedag International Ltd; or Rene Randall of KHD Humboldt
Wedag International Ltd, +1-604-683-8286,
Web site:

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