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    ANDR   AT0000730007

ANDRITZ AG

(ANDR)
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PRESS RELEASE: ANDRITZ to supply new pickling and galvanizing line and acid regeneration plant with ECOmode to Prosperity Tieh, Taiwan

05/07/2021 | 02:52am EDT
=------------------------------------------------------------------------------- 
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
  distribution. The issuer is responsible for the content of this announcement. 
=------------------------------------------------------------------------------- 
 
Company Information 
 
Graz - May 7, 2021. International technology Group ANDRITZ has received an order 
from Prosperity Tieh, Taiwan, to supply a new high-capacity pickling and 
galvanizing line for hot-rolled carbon steel strip. Start-up of the line is 
planned for mid-2023. 
 
The ANDRITZ scope of supplies and services includes the terminal equipment, a 
laser welder and a side trimmer at the inlet, a scale breaker, the pickling 
section, skin-pass mill #1, a direct-fired furnace (DFF) for heat-to-coat 
operation, the galvanizing section, skin-pass mill # 2 with tension leveler, the 
chemical coaters with drying section, and the electrical and automation 
equipment for the complete line. 
 
The delivery will include the following sustainable ANDRITZ solutions: 
 
* A new acid regeneration plant (ARP) to recycle the waste acid from the 
  pickling line - including the proven ANDRITZ ECOmode process which reduces CO2 
  emissions from the ARP by 25%. 
 
* A heat recovery system for the furnace that will use hot exhaust gases from 
  the furnace to heat the air needed for the drying process in the coating 
  section. 
 
* After heat recovery, the main off-gas streams from the DFF and ARP are 
  combined for exhaust gas treatment using a DeNOx system to minimize the NOx 
  levels in the exhaust gas. The dryer exhaust gas system in the post-treatment 
  section is equipped with VOC treatment (volatile organic compound emissions). 
 
 
With ANDRITZ's state-of-the-art, sustainable technologies, this line will 
produce hot-dip galvanized (GI) or ZM-coated /(zinc-aluminum-magnesium) flat 
steel. ANDRITZ will also provide consultancy on the production of ZM-coated 
material. 
 
This order confirms the long-lasting, good relationship between ANDRITZ and 
Prosperity Tieh. In 2004, ANDRITZ delivered and successfully commissioned a 
push-pickling line with ARP and in 2018, a 4-high cold-rolling mill to 
Prosperity Tieh. Additionally, ANDRITZ has performed various upgrades and 
modernizations on existing lines. 
 
Established in Taiwan in 1985, Prosperity Tieh Enterprise Co. Ltd (PTEC) evolved 
from a traditional stripping, shearing, pipe and washer pressing mill to a 
manufacturer of professional hot-dip galvanized and pre-painted steel. 
 
- End - 
 
ANDRITZ GROUP 
International technology group ANDRITZ offers a broad portfolio of innovative 
plants, equipment, systems and services for the pulp and paper industry, the 
hydropower sector, the metals processing and forming industry, pumps, solid/ 
liquid separation in the municipal and industrial sectors, as well as animal 
feed and biomass pelleting. Plants for power generation, flue gas cleaning, 
recycling, and the production of nonwovens and panelboard complete the global 
product and service offering. Innovative products and services in the industrial 
digitalization sector are offered under the brand name Metris and help customers 
to make their plants more user-friendly, efficient and profitable. The publicly 
listed group has around 26,950 employees and more than 280 locations in over 40 
countries. 
 
ANDRITZ METALS 
ANDRITZ Metals is - via the Schuler Group - one of the world's leading suppliers 
of technologies, plants and digital solutions in metal forming. The product 
portfolio also includes automation and software solutions, process know-how and 
service. 
In the metals processing segment, the business area offers innovative and 
market-leading solutions for the production and processing of flat products, for 
welding systems and furnaces, as well as services for the metals processing 
industry. 
 
 
 
 
 
Further inquiry note: 
Dr. Michael Buchbauer 
Head of Corporate Communications 
Tel.: +43 316 6902 2979 
Fax: +43 316 6902 465 
mailto:michael.buchbauer@andritz.com 
 
end of announcement                         euro adhoc 
=------------------------------------------------------------------------------- 
 
 
 
 

(END) Dow Jones Newswires

May 07, 2021 02:51 ET (06:51 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ANDRITZ AG -0.17% 47.62 Delayed Quote.27.27%
DJ INDUSTRIAL -0.61% 34266.9 Delayed Quote.12.65%
MSCI TAIWAN (STRD) 0.00% 710.15 Real-time Quote.18.18%
S&P GSCI ALUMINUM INDEX 1.14% 158.1701 Delayed Quote.24.54%
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Financials
Sales 2021 6 545 M 7 922 M 7 922 M
Net income 2021 286 M 346 M 346 M
Net cash 2021 319 M 386 M 386 M
P/E ratio 2021 17,2x
Yield 2021 2,85%
Capitalization 4 735 M 5 727 M 5 731 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,63x
Nbr of Employees 26 952
Free-Float 63,9%
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Mean consensus BUY
Number of Analysts 11
Average target price 51,55 €
Last Close Price 47,70 €
Spread / Highest target 21,6%
Spread / Average Target 8,06%
Spread / Lowest Target -5,66%
EPS Revisions
Managers and Directors
NameTitle
Wolfgang Leitner President & Chief Executive Officer
Norbert Nettesheim Chief Financial Officer
Christian Nowotny Chairman-Supervisory Board
Andreas Martiner Member-Supervisory Board
Georg Auer Member-Supervisory Board
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