2004 - ANDRITZ Vertical volute pumps

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4 LETTER FROM THE MANAGING BOARD ANDRITZ 2004 The Managing Board of Andritz AG (from left to right): Franz Hofmann, Friedrich Papst, Wolfgang Leitner (President & CEO), Markku Hänninen, Bernhard Rebernik
LETTER FROM THE BOARD Ladies and Gentlemen, Dear Shareholders, LETTER FROM THE MANAGING BOARD In 2004, the Andritz Group achieved its best financial results since the founding of the Company over 150 years ago. Sales, Net Income, and Order Intake reached record levels and grew substantially over the previous year. In all major business and product segments Andritz booked large and important reference orders, thus confirming its leading global market positions in all of its Business Areas. The contract from CMPC Celulosa S.A. in Chile for the supply of a complete new fiberline (including chemical recovery) is worth special mentioning. This large order confirms the validity of Andritz’s strategy: focused R&D, acquisition of complementary companies and technologies, quick integration of these acquisitions into the overall business, and intensive cost-reduction measures. By buying integrated process solutions and leading technologies from one supplier, our customers benefit from an optimized production process and seamless project execution. In Asia, especially in China, Andritz booked a number of important reference orders for Rolling Mills and Strip Processing Lines, as well as Pulp and Paper equipment. These orders have strengthened – and in some areas further extended – the market position in this region. The measures taken by the Chinese government to avoid overheating and too fast growth in some industry segments (e.g. in steel and cement) appear to have the desired effect, while maintaining the needed, very substantial investment level, particularly of the large, established, and experienced companies. For this reason, good project activity is anticipated in China in 2005. In 2004, the Andritz Group continued its strategy of acquiring companies with complementary products/technologies. The acquisitions of Bird Machine, NETZSCH Filtration, Otto Kaiser, and VA TECH WABAG’s fluidized bed drying systems further strengthen the Group’s product portfolio and technology expertise in the Environment and Process, and the Rolling Mills and Strip Processing Lines Business Areas. Bird Machine and NETZSCH Filtration improve Andritz’s market position in solid/liquid separation for municipal and industrial applications, and also reduce dependency on the comparatively volatile dryer business. The purchase of the fluidized bed drying systems Business Area from VA TECH WABAG adds an important technology to the product range and extends Andritz’s capabilities, which have been focused on sewage sludge, to also cover applications for product drying, such as minerals, salts, chemicals, petrochemicals, food, feed, and pigments. With these acquisitions, Sales of the Environment and Process Business Area are approximately 220 MEUR annually, representing a sufficient size and solid basis for further organic growth in the dewatering and drying areas. With the purchase of certain assets of Otto Kaiser (a manufacturer of high-performance mechanical presses for the processing of steel strip into stampings and drawing parts), the Rolling Mills and Strip Processing Lines Business Area extends its process capabilities for the “downstream” area ANDRITZ 2004 5
Page 1 and 2: ANNUAL REPORT 2004
Page 3 and 4: ANDRITZ - GLOBAL PRESENCE ANDRITZ 2
Page 5 and 6: Andritz supplied UPM-Kymmene, Finla
Page 7: CONTENTS 1 Vision 2 Company Profile
Page 11 and 12: MARCH Success in tissue Andritz rec
Page 13 and 14: … joined Andritz in 1979 as a man
Page 15 and 16: local presence for service, Andritz
Page 17 and 18: KEY FIGURES FOR ANDRITZ SHARES ANDR
Page 19 and 20: STATUS REPORT GENERAL ECONOMIC COND
Page 21 and 22: RESEARCH AND DEVELOPMENT Research a
Page 23 and 24: CORPORATE RISKS The Andritz Group i
Page 25 and 26: RISKS RELATED TO MAJOR ORDERS Payme
Page 27 and 28: BUSINESS AREA MANAGERS Markku Hänn
Page 29 and 30: The market for short fiber pulp (bi
Page 31 and 32: Andra Pradesh Paper Mills of India
Page 33 and 34: WOOD PROCESSING DIVISION BUSINESS A
Page 35 and 36: FIBERLINE DIVISION BUSINESS AREAS P
Page 37 and 38: CHEMICAL SYSTEMS DIVISION BUSINESS
Page 39 and 40: RECOVERY DIVISION BUSINESS AREAS PU
Page 41 and 42: PROFILE PULP MILL SERVICES DIVISION
Page 43 and 44: PULP MILL SERVICES DIVISION BUSINES
Page 45 and 46: MECHANICAL PULPING SYSTEMS DIVISION
Page 47 and 48: PROFILE PULP DRYING SYSTEMS DIVISIO
Page 49 and 50: PROFILE FIBER PREPARATION SYSTEMS D
Page 51 and 52: FIBER PREPARATION SYSTEMS DIVISION
Page 53 and 54: TISSUE MACHINES DIVISION BUSINESS A
Page 55 and 56: PROFILE PAPER MILL SERVICES DIVISIO
Page 57 and 58: PAPER MILL SERVICES DIVISION BUSINE
Page 59 and 60:
BUSINESS AREA MANAGER Peter Gravert
Page 61 and 62:
ROLLING MILLS AND STRIP PROCESSING
Page 63 and 64:
ROLLING MILLS AND STRIP PROCESSING
Page 65 and 66:
BUSINESS AREAS ENVIRONMENT AND PROC
Page 67 and 68:
KEY FIGURES ENVIRONMENT AND PROCESS
Page 69 and 70:
BUSINESS AREAS ENVIRONMENT AND PROC
Page 71 and 72:
BUSINESS AREA MANAGER Harald Heber
Page 73 and 74:
Business development Due to the mod
Page 75 and 76:
HYDRAULIC MACHINES/OTHER OPERATIONS
Page 77 and 78:
HYDRAULIC MACHINES/OTHER OPERATIONS
Page 79 and 80:
Andritz received further DCS (Dedic
Page 81 and 82:
GLOBAL SERVICES/ACTIVITIES MANUFACT
Page 83 and 84:
QUALITY “Do it right the first ti
Page 85 and 86:
generate electricity from wood-base
Page 87 and 88:
Phone: +33 1 39 26 05 50 Fax: +33 1
Page 89 and 90:
Andritz Brasil Ltda. Rua C, Quadra
Page 91 and 92:
Andritz Technologies Ltd. Tianjin O
Page 93 and 94:
Digester A pressure vessel, typical
Page 95 and 96:
Recovery boiler In kraft pulping, a
Page 97 and 98:
Investor Relations Interface betwee
Page 99 and 100:
Imprint Andritz AG Stattegger Stras
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2004 - ANDRITZ Vertical volute pumps

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