Displaying items by tag: Andritz

International technology Group ANDRITZ has agreed with the authorities responsible for the insolvency proceedings on the acquisition of AE&E Austria GmbH & Co KG. The ANDRITZ tender offer to A-TEC was approved on December 2, 2010 in the evening. ANDRITZ will finance a bailout plan in coordination with the responsible financial rehabilitation body of AE&E Austria GmbH & Co KG in order to stabilize the company. The parties agreed not to disclose the purchase price.

With approximately 350 employees in Graz and Vienna the acquired company has annual sales of approximately 200-300 MEUR. With this purchase, ANDRITZ strengthens and complements its product range in its PULP & PAPER and ENVIRONMENT & PROCESS business areas.

For further information, please contact:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Phone: +43 (316) 6902 2979
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www.andritz.com

The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants and services for the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria, and has a staff of approximately 14,300 employees worldwide. ANDRITZ operates over 120 production sites, service, and sales companies all around the world.

International technology Group ANDRITZ showed a favorable business development in the first three quarters of 2010. In particular, sales, earnings, and profitability rose
substantially in the third quarter of 2010, with order intake and order backlog also showing an increase compared to the previous year’s reference period.

Substantial rise in sales in the third quarter of 2010
Sales of the ANDRITZ GROUP rose in the third quarter of 2010 compared to last year’s reference period by around 19% to 896.6 MEUR (Q3 2009: 756.1 MEUR), with substantial increases in all business areas except METALS. In the first three quarters of 2010, Group sales amounted to 2,458.8 MEUR (+5.5% vs. Q1-Q3 2009: 2,330.2 MEUR).

Order intake up
The order intake of the ANDRITZ GROUP developed favorably in the third quarter of 2010: At 932.1 MEUR, it increased by some 11% compared to the third quarter of 2009 (842.2 MEUR). With the exception of the METALS business area, which continues to be impacted by the difficult project situation in the international steel industry, all business areas were able to increase their order intake in comparison with the reference figures of the previous year. As a result, the order intake of the Group rose to 3,235.8 MEUR in the first three quarters of 2010 and thus was over 25% higher than the figure for the previous year’s reference period (Q1-Q3 2009: 2,554.9 MEUR).

Order backlog of the Group as of September 30, 2010 amounted to 5,477.6 MEUR, thus increasing compared to the reference value as of September 30, 2009 (4,514.5 MEUR: +21.3%) and as of December 31, 2009 (4,434.5 MEUR: +23.5%).

Favorable development in earnings and profitability
Earnings (EBITA) of the ANDRITZ GROUP in the third quarter of 2010 amounted to 67.0 MEUR (+47% vs. Q3 2009: 45.5 MEUR) and thus increased substantially more than sales. As a result, profitability (EBITA margin) increased to 7.5% in the third quarter of 2010 (Q3 2009: 6.0%). The EBITA of the Group in the first three quarters of 2010 increased to 164.9 MEUR, a rise of around 62% compared to last year’s reference period, which was negatively impacted by restructuring measures in the second quarter (Q1-Q3 2009: 102.0 MEUR; 126.3 MEUR excluding restructuring measures). The EBITA margin increased to 6.7% (Q1- Q3 2009: 4.4%; 5.4% excluding restructuring expenses).

Net income of the Group (excluding non-controlling interests) amounted to 114.6 MEUR during the first three quarters of 2010, thus nearly doubling compared to the reference figure for the previous year (Q1-Q3 2009: 59.6 MEUR).

Unchanged solid net worth position and capital structure
Total assets of the ANDRITZ GROUP increased to 3,767.7 MEUR as of September 30, 2010 (December 31, 2009: 3.309,3 MEUR); the equity ratio amounted to 19.4% (December 31, 2009: 20.0%). Liquid funds (cash and cash equivalents plus marketable securities) amounted to 1,421.3 MEUR as of September 30, 2010 (December 31, 2009: 1,082.1 MEUR). The net liquidity (liquid funds plus fair value of interest rate swaps minus financial liabilities) increased to 1,002.3 MEUR, thus also substantially higher than at the end of last year (December 31, 2009: 677.9 MEUR).

Outlook for the full year of 2010
ANDRITZ expects solid project activity to continue for the remaining months of the 2010 business year. Based on the results for the first three quarters of 2010, the Group expects a slight rise in sales compared to the full year of 2009. Cost savings resulting from the restructuring measures initiated in 2009 should have a positive impact on the net income.

International technology Group ANDRITZ will deliver two PrimeLine high-speed tissue machines, each with a design speed of 2,100 m/min and a width of 5.6 m, to Ganzhou Hwagain Paper Products in China. The start-up for the machines is scheduled for 2012 and 2013.

The scope of supply includes a complete stock preparation plant for softwood, hardwood, and bamboo pulp; a two-layer headbox with dilution control (PrimeFlow); a PrimePress XT shoe press, a PrimeDry Yankee, a wet-dust removal system (PrimeDustEx W), an advanced reel system (PrimeReel Advanced), and a machine control system from ANDRITZ Automation.

The long-time experience and innovative technologies of ANDRITZ for the production of high-quality tissue products have been decisive for awarding the order.

Oliver Pokorny

Group Treasury, Corporate Communications & Investor Relations

Phone:+43 (316) 6902 1332

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www.andritz.com

ANDRITZ PULP & PAPER

ANDRITZ Pulp & Paper is a leading global supplier of turnkey systems and services for the production of all types of pulp, paper, tissue paper, board, fiber-board (MDF), nonwovens, as well as of biomass boilers and gasifiers for energy production and of systems for the production of plastic films. The technologies available are employed for the processing of logs and annual fibers, the production of chemical and mechanical pulps as well as recycled paper fibers, recovery and reuse of chemicals, generation of energy from biomass, preparation of paper machine furnish from virgin or recycled fibers, production of paper, tissue paper and board, calendering and coating of paper, and the handling of reject materials and sludges. Services include complete mill maintenance, equipment upgrades and rebuilds, engineered wear products, and spare parts.

International technology Group ANDRITZ has signed a contract to acquire RITZ Pumpenfabrik GmbH & Co. KG, based in Schwäbisch Gmünd, Germany, including various affiliates. The company has approximately 280 employees and generates annual sales of about 40 MEUR. It was agreed not to disclose the purchase price; the contract is subject to approval by the relevant authorities and is expected to come into force in the fourth quarter of 2010.

By acquiring RITZ, ANDRITZ is strengthening and complementing its product range in the pumps sector. The pumps manufactured by RITZ are used mainly in the water supply and mining sectors, as well as in offshore and subsea applications. The special motors required to drive submersible pumps are also developed and manufactured by RITZ.

For further information, please contact:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Phone: +43 (316) 6902 2979
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.andritz.com

The ANDRITZ GROUP
The ANDRITZ GROUP is a global market leader for supply of systems and services to the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria and has a staff of approximately 13,500 employees worldwide. ANDRITZ operates over 120 production sites, service and sales companies all around the world.

The PULP & PAPER business area of international technology Group ANDRITZ will supply four PrimeLine high-speed tissue machines, each with a width of 5.6 m and a capacity of approximately 60,000 t/a, to the Hengan Group, a leading manufacturer of high-quality tissue products in China.

Following start-up of the machines in 2011/2012, the Hengan Group will have a total of nine ANDRITZ tissue machines in operation, producing top quality tissue products.

The orders for the Hengan Group in detail:

• PM11 and PM12, both PrimeLineTM W8 machines, will be installed at the Chongqing site and have a design speed of 2,100 m/min. The scope of supply includes the complete stock preparation plant, the two-layer headbox (PrimeFlow) with dilution control, a single press and hood, an 18-ft. Yankee, a dust removal system, a PrimeReel Advanced reel system, as well as the machine control system from ANDRITZ Automation.
• PM15 and PM16, both PrimeLineTM W6 machines, will be installed at the Jinjiang site and have a similar scope of supply, with the exception of the Yankee, which has a diameter of 16 feet and is made entirely of steel (PrimeDry Steel Yankee).

The machines and components will be manufactured at ANDRITZ production facilities in Europe and China. With a total of 18 high-speed tissue machines now supplied to China, ANDRITZ has succeeded in strengthening its position as one of the leading suppliers of tissue machines and local services in China.

World’s widest Yankee steel dryer

A PrimeDry Steel Yankee to produce machine glazed paper will be supplied to a large pulp and paper group in Indonesia. This will be the widest Yankee steel dryer in the world, at 15 feet in diameter and 7.4 m long; start-up is scheduled for 2011.

For further information, please contact:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Tel. +43 (316) 6902 1332
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.andritz.com

The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants and services for the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria, and has a staff of approximately 13,500 employees worldwide. ANDRITZ operates over 120 production sites, service, and sales companies all around the world.

ANDRITZ PULP & PAPER
ANDRITZ PULP & PAPER is a leading global supplier of turnkey systems and services for the production of all types of pulp, paper, tissue paper, board, fiber-board (MDF), nonwovens, as well as of biomass boilers and gasifiers for energy production and of systems for the production of plastic films. The technologies available are employed for the processing of logs and annual fibers, the production of chemical and mechanical pulps as well as recycled paper fibers, recovery and reuse of chemicals, generation of energy from biomass, preparation of paper machine furnish from virgin or recycled fibers, production of paper, tissue paper and board, calendering and coating of paper, and the handling of reject materials and sludges. Services include complete mill maintenance, equipment upgrades and rebuilds, engineered wear products, and spare parts.

At the ANDRITZ Capital Market Day 2010, Wolfgang Leitner, President and CEO of ANDRITZ AG, today confirmed the international technology Group’s long-term goals. ‛The ANDRITZ GROUP’s financial goals are to achieve a sustained average EBITA margin of 7% over the cycle and Group sales of approximately 4.5 billion Euros by 2013/2014’, says Leitner and adds, ‛In the past ten years, ANDRITZ has increased Group sales by over 15% per annum, and the EBITA margin has risen from 4.7% in 2000 to 6.3% in the first half of 2010’.

The sales target for the ANDRITZ GROUP of around 4.5 billion Euros originally stated for 2008 was postponed last year until 2013/2014 as a result of the global financial and economic crisis. Above all, future development of the global economy will determine whether this goal is achievable or not. ‛From today’s point of view, we expect a slight recovery of the global economy over the next few years. Based on these expectations and in view of the cost reduction measures implemented last year as well as the solid order intake and order backlog for the first half of 2010, the achievement of our long-term sales and earnings targets by 2013/2014 is possible", Leitner substantiates.

Assuming Group sales of approximately 4.5 billion Euros, an EBITA margin of 7%, and a tax rate of 30%, earnings per share of around 4.15 EUR could be achieved in 2014 (2008: 2.73 EUR per share; 2009: 1.89 EUR per share). ANDRITZ has increased its earnings per share by an annual average of 17.3% since 2000.

ANDRITZ intends to continue its dividend policy focused on continuity. After increasing the dividend payout ratio to approximately 50% for the 2009 business year, ANDRITZ aims to increase this ratio gradually to around 60% over the next few years.

• Franz Hofmann will retire as planned on March 31, 2011
• Wolfgang Semper becomes new member of the Executive Board

Franz Hofmann, who has been member of the Executive Board of ANDRITZ AG since 1999 and responsible for the METALS and the ENVIRONMENT & PROCESS business areas as well as for Automation on a Group-wide level, will retire as planned on March 31, 2011.

In this context, the ANDRITZ AG Supervisory Board took the following resolutions effective as of April 1, 2011:

• Wolfgang Semper will become new member of the Executive Board and will be responsible for the HYDRO business area (together with Friedrich Papst) and for Automation on a Group-wide level. Wolfgang Semper, aged 52, is a graduate of mechanical engineering and has successfully headed the ‛Large Hydro’ division of the HYDRO business area of ANDRITZ.

• Friedrich Papst, who is responsible for the HYDRO and the FEED & BIOFUEL business areas, will additionally assume responsibility for the METALS business area.

• Humbert Köfler, who is responsible for the Service & Units segment of the PULP & PAPER business area, will additionally assume responsibility for the ENVIRONMENT & PROCESS business area.

The responsibility areas of Wolfgang Leitner, President and Chief Executive Officer, and of Karl Hornhofer, member of the Executive Board, will remain unchanged.

International technology Group ANDRITZ showed a favorable business development in the first half of 2010. Especially in the second quarter, sales, earnings, and profitability rose substantially compared to the previous year’s reference figures; order intake in the second quarter of 2010 reached the highest quarterly figure in the company’s history.

Rise in sales in the second quarter of 2010
In the second quarter of 2010, sales of the ANDRITZ GROUP rose by 5.9%, to 829.9 MEUR (Q2 2009:784.0 MEUR). With the exception of METALS, all business areas recorded significant increases in sales. Thus, sales of the Group in the first half of 2010, at 1,562.2 MEUR, were only slightly below the reference
figure for the previous year (H1 2009: 1,574.1 MEUR).

Full report in the attachment download

For more info contact
Petra Wolf
Group Treasury, Corporate Communications & Investor Relations
Assistant
ANDRITZ AG
Stattegger Strasse 18
8045 Graz, Austria
Phone: +43 (316) 6902 2722
Fax: +43 (316) 6902 465
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www.andritz.com

International technology Group ANDRITZ has received an order from Arctic Paper Kostrzyn S.A to supply stock preparation components that will improve the quality of fine paper grades produced at the Kostrzyn mill, Poland; the pulp obtained is used to produce copy paper and offset paper. Start-up is scheduled for January 2011.

The scope of supply includes the complete ANDRITZ thick stock screening and ShortFlow blending system, as well as the paper machine approach system, including machine screens, the cleaner plant upgrade, and the new ShortFlow Deaeration system. ShortFlow Deaeration is an advanced solution for partial air removal that combines white water silo and conventional deaeration system in one unit.

The upgrade targets are improved paper quality from better pulp cleanliness and better paper stability by removing excess air from the white water. The order also includes site installation supervision, basic engineering, start-up, and training.

For further information please contact:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Phone: +43 (316) 6902 1332
This email address is being protected from spambots. You need JavaScript enabled to view it.

The ANDRITZ GROUP is a globally leading supplier of plants and services for the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria and has a staff of approximately 13,400 employees worldwide. ANDRITZ operates over 120 production sites, service and sales companies all around the world.

ANDRITZ PULP & PAPER is a leading global supplier of turnkey systems and services for the production of all types of pulp, paper, tissue paper, board, fiber-board (MDF), nonwovens, as well as of biomass boilers and gasifiers for energy production and of systems for the production of plastic films. The technologies available are employed for the processing of logs and annual fibers, the production of chemical and mechanical pulps as well as recycled paper fibers, recovery and reuse of chemicals, generation of energy from biomass, preparation of paper machine furnish from virgin or recycled fibers, production of paper, tissue paper and board, calendering and coating of paper, and the handling of reject materials and sludges. Services include complete mill maintenance, equipment upgrades and rebuilds, engineered wear products, and spare parts.