Andritz AG is an Austrian plantengineering group with headquarters in Graz. The group gets its name from the district of Andritz in which it is located and is listed on the Vienna Stock Exchange. Andritz employs more than 30,000 employees at over 250 production and service facilities. In 2017, the company reported a revenue of €5.88 billion, a gross profit of €3.27 billion and a net profit of €297 million.
The business area Andritz Metals is the third largest business unit. Andritz Metals designs, develops and erects complete lines for the production and further processing of cold-rolled carbon steel, stainless steel and non-ferrous metal strips, including furnaces, presses and acid regeneration equipment.
History
Highlights in ANDRITZ Hydro’s history
1805 Foundation of Escher Wyss & Cie, Switzerland 1839 First turbine supplied by Escher Wyss 1878 Invention of first Pelton waterwheel by Pelton 1896 Commissioning of the first large commercial hydropower plant - Niagara Falls, USA 1903 First water turbine of I.P. Morris 1929 Installation of first pumped storage power station in Germany - PSW Niederwartha, Germany 1935 First bulb turbine by Escher Wyss 1991 Installation of world largest manifold - Tarbela, Pakistan 1997 Installation of 840 MVA hydro generator - Three Gorges, China 1998 World record for Pelton - Bieudron, Switzerland 2002 Installation of first Varspeed motor-generator outside Japan - Goldisthal, Germany 2010 Installation of 770 MW Francis turbine - Guri II, Venezuela 2011 Installation of world largest tidal power plant - Sihwa, Korea 2011 Successful commercial operation of the first 1MW tidal current turbine HS1000 in EMEC, UK 2013 Installation of world largest Hydromatrix units – Ashta, Albania
2000 -
In March 2000, the company acquired a 50 percent stake in Finland's Ahlstrom Machinery Group from the A. Ahlstrom Corporation, a manufacturer of chemical pulp plants and other pulp processing machinery. As part of the purchase agreement, Andritz also received the option of purchasing full control of Ahlstrom Machinery in the event of Andritz going public. In the meantime, Ahlstrom Machinery was renamed Andritz-Ahlstrom and placed under Andritz's Pulp and Paper division. Following the IPO, Andritz made good on completing its acquisition of full control of Andritz-Ahlstrom, buying up the rest of that subsidiary in July 2001. Another large acquisition was the purchase of the hydroelectric power division of VA Technologie AG in 2006, as a consequence of a decision of the EU commission in the acquisition of VA Technologie AG by Siemens AG. Experts estimated the price at €200 million. The VA Tech Hydro unit changed its name to Andritz VA Tech Hydro GmbH and became a subsidiary of Andritz AG. With 3000 employees and sales of €620 million, the unit increased the size of Andritz by one third, becoming the company's second-largest business. In May and June 2008, Andritz acquired hydropower technology and certain assets of GE Energy’s hydropower business, as well as GE Energy’s majority interest in the joint venture GE Hydro Inepar do Brasil. Since January 2009, all these acquisitions now operate under "Andritz Hydro" name. Andritz Hydro ranks among the 3 largest hydro companies with historical references back from 19th century by the acquisition over the years of the following companies and technologies, on which the Andritz Hydro group is the legal successor:
