euro adhoc: Andritz AG
other
Andritz to supply complete Greenfield Fiber
System to Vietnam
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
25.11.2005
Graz, 25 November 2005. International Technology Group Andritz AG, Austria received an order from Tracodi, Vietnam for construction of a greenfield mill for producing market pulp from the annual crop kenaf. The order value for Andritz is approximately 60 MEUR, start-up is scheduled for 2007.
The project includes supply of the complete process equipment, from raw material crushing, impregnation and fluffing, to bleaching, dewatering, drying and baling. Auxiliary equipment comprises plants for the treatment of chemicals and waste water. The production process is based on a patented Andritz refiner technology, which has found wide acceptance on an international basis and which reduces plant operating costs, while giving improved fiber quality. The essential advantages are:
- lower energy consumption at comparable chemicals input - bio-degradability of the waste water (no sulphuric compounds) - better paper qualities
The new mill will have an annual production capacity of 100,000 tons and will be constructed in Phuong Nam, Long An Province, Vietnam. It will produce high-quality pulp to be used in the production of writing and printing papers. The mill will supply the Vietnamese paper industry with pulp, replacing imports.
Kenaf from agricultures will be the only raw material used, thus renewable resources will be processed using environmentally friendly technology. The project received a positive assessment following a thorough environmental compatibility test. It will create 30,000 new jobs in Long An Province, South Vietnam, thus making a significant contribution to the improvement of living conditions in this region.
This order again confirms the leadership of Andritz in equipment for the production of short-fiber mechanical pulp. A complete process plant based on the same technology and delivered in 2005 for processing of poplar will be started up at Estonian Cell, Estonia, early in 2006.
About Andritz Listed on the Austrian stock exchange, Andritz is a global market leader in advanced production systems for pulp and paper, steel, and other specialized industries. Andritz has a staff of approximately 5,900 employees worldwide. It develops and manufactures its high-tech systems at 15 production sites in Austria, Germany, Finland, Denmark, France, the Netherlands, the USA, Canada, and China.
end of announcement euro adhoc 25.11.2005 07:30:00
Further inquiry note:
Dr. 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: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing
Original content of: Andritz AG, transmitted by news aktuell