EANS-Adhoc: ANDRITZ receives further major orders from stainless steel producers in China
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
25.05.2010
Graz, May 25, 2010. International technology Group ANDRITZ has received orders with a total value of about 50 MEUR from two stainless steel producers in China.
For Tianjin TISCO & TPCO Stainless Steel Co. Ltd. the ANDRITZ METALS business area will supply an annealing and pickling line for cold-rolled stainless steel strip (annual capacity 400,000 t). Start-up is planned for the third quarter of 2011.
From Jiuquan Iron & Steel Group Co. Ltd. ANDRITZ has received the order for delivery of a tension-leveling line and an offline skin pass mill for cold-rolled stainless steel strip. Start-up of the plants, which have an annual capacity of 200,000 tons, is planned for the fourth quarter of 2011.
Both stainless steel producers have been customers of ANDRITZ METALS for many years and are successfully operating many systems supplied by ANDRITZ.
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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 13,400 employees worldwide. ANDRITZ operates over 120 production sites, service, and sales companies all around the world.
ANDRITZ METALS ANDRITZ METALS is one of the leading global suppliers of complete lines for the production and further processing of cold-rolled carbon steel, stainless steel, and non-ferrous metal strip. These lines consist of equipment for cold rolling, heat treatment, surface finishing, strip coating and finishing, punching and deep drawing, and for pickling acid regeneration. The business area also supplies turnkey industrial furnace systems for thermal processes, such as heat treatment of slabs and forged pieces, as well as refining furnaces for the copper industry.
end of announcement euro adhoc
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market