Andritz AG
| Andritz AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | AT0000730007 |
| founding | 1852 |
| Seat |
Graz , Austria
|
| management |
|
| Number of employees | 29.096 |
| sales | 6,031 million euros |
| Branch | Plant construction |
| Website | www.andritz.com |
| Status: 2018 | |
The Andritz AG - formerly called Maschinenfabrik Andritz Actiengesellschaft - is an Austrian company for machinery and plant construction , with headquarters in Graz . The company is named after the Andritz district of Graz . The company is listed on the Vienna Stock Exchange and has more than 250 production facilities as well as service and sales companies worldwide.
history
The beginnings
In 1852 the Hungarian ironmonger Josef Körösi founded a small iron foundry in the then still independent municipality of Andritz . Although Körösi initially only produced smaller cast goods, the company expanded very quickly and produced water turbines, cranes and pumps. As early as 1860 the company had over 500 employees, in 1870 there were already 1,300. In the meantime, steam boilers , steam engines , mining machines and even bridges were also manufactured.
First crisis
After the company's founder died in 1871, his adoptive son Viktor Körösi (1848–1912) became the owner of the machine factory (City Office 1874: Griesgasse 36), of which he was director until then. As a result of a general economic crisis in Austria (triggered, among other things, by the loss of Austrian territories in northern Italy ), over 1000 workers had to be laid off. Viktor Körösi sold the company to the Austrian Alpine Mining Union, a merger of iron and steel industry companies in Styria and the forerunner of Voestalpine . The machine factory concentrated on equipping steel and rolling mills as well as on the manufacture of steam engines.
Early 20th century
In 1900 the Austrian industrialist Max von Gutmann acquired the company and converted it into the Aktiengesellschaft Maschinenfabrik Andritz Actiengesellschaft . Mechanical equipment for tunnel construction became a new company segment, and cranes were also produced again. In addition, high-pressure centrifugal pumps were developed in the period that followed.
In 1932, the Andritz machine factory had to temporarily stop production due to the global economic crisis . Nevertheless, the continued existence of the company was preserved and the former employees were soon hired again.
"Anschluss" and World War II
In 1938, after the " connection " of Austria to the German Reich, the machine factory was the in Berlin resident Kämper engine plants affiliated and in the production of diesel compressors aligned. In 1941 the factory was sold to DEMAG in Germany. Until the end of the Second World War , cranes and conveyor belts were mainly produced.
After the Second World War
In 1945, the occupying powers confiscated most of the production facilities as "German property". However, the company's management managed to rent used machines and tools from closed operations and to resume the production of small to medium-sized pumps and turbines. Four years later (1949) began a long-term collaboration with the Swiss Escher-Wyss Group , initially with water turbines. The product range has been completely revised. The production of steam engines and air compressors was discontinued, instead the company concentrated on the production of water turbines, centrifugal pumps, cranes and steel structures. From 1951, complete paper machines could be manufactured in cooperation with Escher Wyss .
The machine factory continued its growth in the 1960s and 1970s: the factory halls were expanded, the production facilities were modernized and research efforts were intensified. The machine factory now produced main cooling pumps for power plants, electrochemical and metallurgical plants. The company was able to significantly increase sales and export quota. In 1977 the company received the state award and was thus allowed to use the federal coat of arms in business transactions.
Another crisis and realignment
The second oil crisis in 1979/1980 and the generally stagnating world economy at the beginning of the 1980s also hit the Andritz machine factory in full. Orders fell and the company posted losses. A liquidation of the company could only be prevented by massive state subsidies and rationalization measures between 1981 and 1985. Among other things, the foundry was closed and the workforce was reduced from 2,300 to 1,600. In 1987 the company returned to operating profits for the first time. In the same year, the German investment company AGIV , based in Frankfurt am Main, took over the majority in Maschinenfabrik Andritz AG. The company was strategically realigned, from a mere licensee of other machine manufacturers to a leading international supplier of high-tech production systems that was independent of outside know-how .
With the acquisition of Sprout-Bauer, a mechanical engineering company based in Pennsylvania ( USA ), a successful expansion policy was initiated. With the acquisition of Sprout-Bauer, the Andritz Group expanded its portfolio to include refiners and feed production systems.
In 1992 the Durametal Corporation from Oregon (USA), a manufacturer of refiner plates, in 1994 Kone Wood, a supplier of wood yard equipment for the pulp industry, and in 1995 the Danish Jesma-Matador A / S for the animal feed sector was taken over. With the reorientation towards an international provider of complete solutions, the name changed from “Maschinenfabrik Andritz AG” (MFA for short) to “Andritz AG” in the mid-1990s.
At the beginning of 1998 Andritz acquired the majority of Sundwiger Eisenhütte Maschinenfabrik GmbH & Co. (today Andritz Sundwig ) based in Hemer ( North Rhine-Westphalia ), in 2000 a half share in Ahlström Machinery Group, Finland .
In addition to the numerous acquisitions, the ownership structure also changed: In 1999, “AGIV” sold its stake to a consortium made up of the Carlyle Group , GE Capital , Unternehmensinvest AG, Deutsche Beteiligungs AG and the Custos private foundation founded by Wolfgang Leitner .
IPO and further acquisitions
In June 2001 Andritz was successfully placed on the Vienna Stock Exchange with two million new shares . With the fresh capital, Andritz was able to make additional complementary acquisitions in addition to the acquisition of the remaining 50% in Ahlstrom: With the purchase of the pulp and paper dryer division from Asea Brown Boveri in 2002, the company was for the first time able to handle the entire process line from the wood yard to pulp production systems for the finished pulp bale. In the same year, Andritz acquired part of the American SELAS Corp. also in the field of continuous hot-dip galvanizing plants as a full-range supplier.
In June 2003, around 6.1 million shares from the holdings of financial investors (Unternehmens Invest AG, Carlyle Group, Deutsche Beteiligungs-AG, GE Capital) were issued to private and institutional investors as part of the Secondary Public Offering on the stock exchange. In the same year IDEAS Simulation Inc. and Acutest Oy were acquired to further strengthen the paper and pulp business.
In September 2003, Heinrich Fiedler GmbH & Co.KG in Regensburg (strainer baskets) was acquired, in 2004 Bird Machine, USA (centrifuges, chamber filter presses) and parts from Netzsch in Selb, Bavaria (dewatering units, chamber filter presses), Otto Kaiser in Bretten , Baden- Württemberg (mechanical high-performance presses) and VA Tech WABAG (fluid bed drying systems). In June 2004 a joint venture with the industrial service provider Rheinhold & Mahla AG , the European Mill Service GmbH (EMS), was founded. In June 2006 Andritz AG took over the hydropower division VA Tech Hydro GmbH, the former VA Tech. In 2008 a part of the company März-Gautschi Industrieofenanlagen GmbH was acquired. In 2010, with the purchase of the centrifuge specialist KMPT AG, Germany, the range was expanded to include Krauss-Maffei centrifuges. In 2010, Andritz entered the rapidly growing plastic film production market with the acquisition of DMT Technology, Austria. The company operating under the name Andritz Biax is a supplier of systems for the production of plastic films.
With the acquisition of AE&E Austria at the beginning of 2011, Andritz can further strengthen its offering in the areas of energy generation ( steam boiler systems ) and environmental technology ( flue gas cleaning systems ). In 2013, the takeover of the German press manufacturer Schuler in Göppingen , Germany, the global market leader in metal forming technology, marks the largest acquisition in the company's history.
Companies
Andritz AG is a listed stock corporation with various international subsidiaries. The group's business activities are divided into five independent business areas: Andritz Hydro (electromechanical equipment for hydropower plants), Andritz Pulp & Paper (plants for the production of pulp ), Andritz Separation (technologies for solid-liquid separation), Andritz Metals (plants for the production and processing of stainless steel cold strip ) and Andritz Feed & Biofuel (systems and machines for the industrial production of pellets ).
In a ranking by Forbes Magazine of the world's largest stock corporations from 2013, Andritz AG was in 1558th place.
literature
- Franz Mathis: Big Business in Austria . tape 1 . Verlag für Geschichte und Politik, Vienna 1987, ISBN 3-486-53771-7 , p. 31 , Andritz ( limited preview in Google Book search).
Web links
Individual evidence
- ↑ a b Annual Report 2018. Retrieved on August 24, 2019 .
- ^ Company minutes. J (oseph) Körösi, kk privileged machine factory and iron foundry Andritz in Graz. In: Official Journal of the Wiener Zeitung , No. 28/1872, February 6, 1872, p. 155, column 1. (Online at ANNO ). .
- ↑ Eleven companies among the world's largest. In: oesterreich.orf.at. April 18, 2013, accessed April 18, 2013 .