PRESSEPORTAL Presseportal Logo
All Stories
Subscribe to Andritz AG

23.01.2020 – 15:20

Andritz AG

EANS-Adhoc: ANDRITZ has signed a preliminary agreement for a significant pulp mill order

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.

Company Information

Graz - January 23, 2020. International technology Group ANDRITZ and UPM have
signed a preliminary agreement under which ANDRITZ is to supply energy-efficient
and environmentally friendly pulp production technologies as well as key process
equipment. The final contract will have a mid-triple-digit million euro order
value for ANDRITZ and is expected to be booked in Q1 2020. Further details of
the agreement will be disclosed after the final contract has been signed, which
is expected to happen in the coming weeks.

- End -

ANDRITZ is an international technology group providing plants, systems,
equipment, and services for various industries. The company is one of the
technology and global market leaders in the hydropower business, the pulp and
paper industry, the metal working and steel industries, and in solid/liquid
separation in the municipal and industrial segments. Other important fields of
business are animal feed and biomass pelleting, as well as automation, where
ANDRITZ offers a wide range of innovative products and services in the IIoT
(Industrial Internet of Things) sector under the brand name of Metris. In
addition, the company is active in power generation (steam boiler plants,
biomass power plants, recovery boilers, and gasification plants) and
environmental technology (flue gas and exhaust gas cleaning plants) and offers
equipment for the production of nonwovens, dissolving pulp, and panelboard, as
well as recycling plants.

ANDRITZ stands for passion, partnership, perspectives and versatility - core
values to which the company is committed. The listed Group is headquartered in
Graz, Austria. With almost 170 years of experience, approximately 29,700
employees, and more than 280 locations in over 40 countries worldwide, ANDRITZ
is a reliable and competent partner and helps its customers to achieve their
corporate and sustainability goals.

ANDRITZ Pulp & Paper is a leading global supplier of complete plants, systems,
equipment, and comprehensive services for the production and processing of all
types of pulp, paper, board, and tissue. The technologies cover processing of
logs, annual fibers, and waste paper; production of chemical pulp, mechanical
pulp, and recycled fibers; recovery and reuse of chemicals; preparation of paper
machine furnish; production of paper, board, and tissue; sizing, calendering and
coating of paper; as well as treatment of reject materials and sludge. The
service offering includes system and machine modernization, rebuilds, spare and
wear parts, on-site and workshop services, optimization of process performance,
maintenance and automation solutions, as well as machine relocation and second-
hand equipment. Biomass, steam and recovery boilers for power production,
gasification and flue gas cleaning plants, systems and plants for the production
of nonwovens and absorbent hygiene products, dissolving pulp, and panelboard
(MDF), as well as recycling and shredding solutions for various waste materials
also form a part of this business area.

Further inquiry note:
Dr. Michael Buchbauer
Head of Corporate Communications
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

end of announcement                         euro adhoc

issuer:       Andritz AG
              Stattegger Straße 18
              A-8045 Graz
phone:        +43 (0)316 6902-0
FAX:          +43 (0)316 6902-415
ISIN:         AT0000730007
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

Original content of: Andritz AG, transmitted by news aktuell