EANS-News: ANDRITZ to supply equipment for new hot-dip galvanizing system and annealing line for Tangshan Iron and Steel Group, China
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Graz (euro adhoc) - Graz, June 6, 2013. International technology Group ANDRITZ has received an order from Tangshan Iron and Steel Group, China, to supply furnaces and process equipment for a hot-dip galvanizing plant (annual capacity: 415,000 tons) and a continuous annealing line (annual capacity: 770,000 tons). The two new heat treatment lines have been designed to produce high-strength steel grade for the automotive industry. The order has a value of approximately 50 million euros. Start-up is scheduled for the fourth quarter of 2014. The furnaces, which form the heart of the plant, are fitted with highly efficient low-NOx burners. In order to guarantee maximum cooling rates, the plant uses the DRJC (Differential Rapid Jet Cooling) fast cooling system patented by ANDRITZ METALS. DRJC sets new standards through highest cooling rates with constant and controlled cooling across the strip width. In addition, the new technology adjusts to the strip width, thus helping to save energy. The scope of supply also includes automation equipment and key process components, such as the zinc stripping jet and the shears. Both lines handle strip with thicknesses ranging from 0.2-2.5 millimeters and widths from 700-1,600 millimeters. - End - The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. In addition, ANDRITZ offers technologies for certain other sectors including automation, the production of animal feed and biomass pellets, pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue gas cleaning plants, plants for the production of panelboards (MDF), thermal sludge utilization, and biomass torrefaction plants. The publicly listed, international technology Group is headquartered in Graz, Austria, and has a staff of around 23,700 employees. ANDRITZ operates over 220 production sites as well as 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 processing of stainless steel. These lines consist of equipment for cold rolling, heat treatment, surface finishing, strip coating and finishing, punching and deep drawing, and for regeneration of pickling acids. In addition, the business area supplies lines for the production and processing of carbon steel and non-ferrous metal strip, resistance welding equipment for the metalworking industry, as well as turnkey furnace systems for the steel, copper, and aluminum industries. The Schuler Group, Germany, in which ANDRITZ has a stake of more than 90% and which is fully consolidated as from March 1, 2013, is also allocated to the business area. As technological and global market leader in metalforming, Schuler supplies machines, production lines, dies, process know-how, and services for the entire metalworking industry. Its clients include car manufacturers and their suppliers, as well as companies in the forging, household equipment, packaging, energy, and electrical industries. Schuler is also the market leader in coin minting technology and offers system solutions for the aerospace and rail industries. Further inquiry note: Oliver Pokorny Group Treasury, Corporate Communications & Investor Relations Tel.: +43 316 6902 1332 Fax: +43 316 6902 465 mailto:oliver.pokorny@andritz.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Andritz AG Stattegger Straße 18 A-8045 Graz phone: +43 (0)316 6902-0 FAX: +43 (0)316 6902-415 mail: welcome@andritz.com WWW: www.andritz.com sector: Machine Manufacturing ISIN: AT0000730007 indexes: WBI, ATX Prime, ATX, ATX five stockmarkets: official market: Wien language: English
Original content of: Andritz AG, transmitted by news aktuell