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January
Andritz extends its services offering to the pulp and paper industry by acquiring IDEAS Simulation Inc., based in Decatur, GA, USA. IDEAS is a global market leader in dynamic process simulation,
a key technology for start-up and production process optimization. Andritz receives an order to supply a complete sewage sludge drying plant for the Valenton wastewater treatment plant
near Paris, France. The Andritz Group is also awarded a contract for one of the world’s largest pulp drying plants for China. February
Andritz
publishes its results for Business Year 2002. Order Intake reaches 1.3 billion Euros - the highest level in the Company’s history. March
By acquiring
Acutest Oy, a Finnish company specializing in acoustic condition monitoring, Andritz further strengthens its services expertise in pulp and paper. Acoustic condition monitoring equipment helps to detect cracks, leaks, vibration, and friction in process
machinery and is therefore an excellent tool for preventive maintenance. Andritz wins a 110 million Euro order for steel treatment plants from the ThyssenKrupp Stainless Group, one of
the world’s largest producers of stainless steel. The order includes three cold-rolling mills and one annealing and pickling line for cold-rolled steel to be installed in Germany and China. June
Andritz
wins another major order in the field of stainless steel: Chinese stainless steel producer Ningbo Baoxin Stainless orders a rolling mill and an annealing and pickling line for hot-rolled stainless steel strip, with a total order value of over 50 million Euros. Andritz
successfully concludes its Secondary Public Offering and places close to 6.1 million shares with retail investors in Austria and, via a private placement, with international institutional investors. The shares come from the shareholdings of the financial
investors (Unternehmens Invest AG, The Carlyle Group, Deutsche Beteiligungs AG, GE Capital). The offer is subscribed several times, and the offer price is 22.75 Euros per share. July
Andritz
books its largest order in 2003. Veracel Celulose S.A. (Joint Venture of Stora Enso and Aracruz) entrusts Andritz with the supply of a complete fiberline (from digesting to baled market pulp) and a white liquor plant for a new greenfield pulp mill
in Brazil. September
Andritz continues its successful expansion strategy in the services business by acquiring Heinrich Fiedler GmbH & Co. KG, Germany, a
producer of custom-tailored screen baskets, rotors, pressure screens, and cleaners for the international pulp and paper industry. October
Andritz agrees to acquire
Bird Machine, extending the product portfolio of its Environment and Process Business Area. Bird Machine specializes in the solid/liquid separation of sludges utilizing a broad range of large centrifuges and filter presses. Its services business
accounts for more than half of total sales. November
Andritz receives a Letter of Intent for a PrimeLine™ tissue machine from Swedish Tissue, a member of
British LPC Group, which has successfully operated a tissue machine of the same type for two years in the UK. December
New operating speed world record for tissue
machines achieved on Andritz tissue machine operating in China.
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