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    ANDR   AT0000730007

ANDRITZ AG

(ANDR)
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PRESS RELEASE : ANDRITZ to supply new spherical valves for Dinorwig power station in North Wales, United Kingdom, one of the largest pumped storage plants in Europe

07/28/2021 | 03:01am 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 - July 28, 2021. International technology group ANDRITZ has received an 
order from First Hydro Company, UK, covering a contract for the supply of six 
new spherical valves for the Dinorwig pumped storage plant in Llanberis, North 
Wales, United Kingdom. First Hydro Company is owned 75% by ENGIE and 25% by 
Brookfield. The first two valves will be installed in mid-2023, and the other 
four in mid-2025. 
 
ANDRITZ's scope encompasses the design, manufacture, supply, installation, and 
commissioning of six spherical valves with a diameter of 2,500 millimeters and a 
pressure of 60 bar, including governors and the fire protection system. 
 
With a total installed capacity of about 1,728 MW, Dinorwig is one of the 
largest pumped storage plants in Europe and provides balancing services 
including reserve and response. At peak, water flows through the turbines at 360 
m3 per second - the equivalent volume of a typical 25-meter length swimming 
pool. 
 
The new ANDRITZ spherical valves will contribute to maintaining the overall 
availability of the entire plant, which has been in operation for nearly 40 
years. Dinorwig plays a vital role in the safeguarding of Great Britain's 
national grid. 
 
First Hydro placed great confidence in ANDRITZ as a recognized worldwide 
specialist for spherical valves. ANDRITZ is proud to be part of the 
refurbishment project for Dinorwig power station. 
 
- 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. The global product and service portfolio is rounded 
off with plants for power generation, recycling, the production of nonwovens and 
panelboard, as well as automation and digital solutions offered under the brand 
name of Metris. The publicly listed group today has around 26,950 employees and 
more than 280 locations in over 40 countries. 
 
ANDRITZ HYDRO 
ANDRITZ Hydro is one of the globally leading suppliers of electromechanical 
equipment and services for hydropower plants. With over 180 years of experience 
and an installed fleet of more than 470 GW output, the business area provides 
complete solutions for hydropower plants of all sizes as well as services for 
plant diagnosis, refurbishment, modernization and upgrade of existing hydropower 
assets. Pumps for irrigation, water supply and flood control are also part of 
this business area's portfolio. 
 
 
 
 
 
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

July 28, 2021 03:00 ET (07:00 GMT)

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Sales 2021 6 546 M 7 674 M 7 674 M
Net income 2021 315 M 369 M 369 M
Net cash 2021 280 M 329 M 329 M
P/E ratio 2021 15,5x
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Number of Analysts 10
Last Close Price 47,76 €
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Spread / Average Target 17,5%
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Wolfgang Leitner President & Chief Executive Officer
Norbert Nettesheim Chief Financial Officer
Christian Nowotny Chairman-Supervisory Board
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