euro adhoc: Andritz AG
other
Andritz receives another large order from China
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
06.10.2005
Graz (Austria)/Hemer (Germany), October 6, 2005. Technology Group Andritz received follow-up orders from the Taigang Group for the further expansion of Taiyuan Iron and Steel Co. Ltd., Taiyuan/Shanxi, China. The order value is approximately EUR 90 million.
For these orders Andritz Sundwig will supply
- a stainless steel cold strip annealing and pickling line for a maximum strip width of 2,100 mm - a 20-high rolling mill for a maximum strip width of 1,650 mm and - an S6-high reversing mill for maximum strip width of 2,100 mm.
The extra-wide cold strip annealing and pickling line is a follow-up order to the contract for the cold strip annealing and pickling line for 1,320 mm strip received in 2004. The new line is designed for an annual production of 700,000 tons and for a strip thickness of 0.4-8 mm. As general contractor, the Andritz Group is responsible for engineering, supplying and starting up the machines and systems required. Production is scheduled to begin in 2007.
These technically demanding orders, which were won against international competition, once again confirm the market leadership of Andritz as supplier of production systems for the stainless steel industry.
About Andritz Listed on the Austrian stock exchange, Andritz is a global market leader for advanced production systems for pulp and paper, steel and other specialized industries. Andritz has a staff of approximately 5,600 employees worldwide. It develops and makes its high-tech systems at 15 production sites in Austria, Germany, Finland, Denmark, France, Netherlands, USA, Canada and China.
end of announcement euro adhoc 06.10.2005 07:30:00
Further inquiry note:
Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
Branche: Machine Manufacturing
ISIN: AT0000730007
WKN:
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing