Andritz

Company Snapshot

Founded: 1852
Entity Type: Public
Employees: 30,003
Region: Europe
Revenue: $8,997.2 Millions
Revenue Year: 2024
Headquarter: Graz, Austria
Key Geographics: North America, South America, Europe, China, Africa, Australia, Other Asia

Company Overview

Andritz was founded in 1852 as an international technology group providing plants, systems, equipment and services for various industries. It has an employee strength of more than 30,000 and is in more than 280 locations in over 40 countries. The company also provides power generation components and devices such as steam boiler plants, biomass power plants, recovery boilers and gasification plants and environmental technology such as flue gas and exhaust gas cleaning plants. It offers equipment to produce nonwovens, dissolving pulp, panelboard and recycling plants.

Andritz provides its product offerings through four business segments: pulp & paper, metals, hydro, and separation. It offers various products such as boilers, drum filters, magnetic separators, industrial waste compactors, shredders, thickeners, welding systems, pumps, decanter centrifuges, mechanical separation extractors, contact and paddle dryers, batch helix dryers, animal feed and biomass pelleting, as well as automation. The company offers a wide range of innovative products and services in the IIoT (Industrial Internet of Things) sector under the brand name of Metris.

The company has a strong global presence in Austria, Brazil, Canada, China, Finland, Germany, the U.S. and other countries. It has subsidiaries such as Andritz Oy, Andritz Slovakia S.R.O., Andritz Kaiser GmbH, Andritz Separation Ltd, Andritz (U.S.) Inc., Andritz Ritz GmbH, Andritz Feed & Biofuel A/S, Andritz Ab. currently, the Andritz Group has approximately 6,000 patents and patent applications. Two-thirds of them have already been granted, while the remainder are under examination. In addition, the Group owns the rights some 2,000 filed or registered trademarks.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Andritz In Reports

Industrial Furnaces: Global Markets

BCC Research Market Analyst says global market for industrial furnaces is expected to grow from $11.8 billion in 2023 to $14.7 billion by the end of 2028 at a CAGR of 4.5% from 2023 through 2028.

Industrial Boilers: Technologies and Developing Markets

According to BCC Research Report global industrial boilers market should reach $14.6 billion by 2028 from $11.5 billion in 2023 at a compound annual growth rate of 4.8%.

Thermal and Biological Waste-to-Energy Markets

BCC Research Market Report says global waste-to-energy market reached $35.1 billion in 2022 and should reach $50.8 billion by 2028, with a compound annual growth rate of 6.4%.

Company's Business Segments

  • Pulp & Paper : This segment provides sustainable technology, automation, and service solutions for manufacturing various products, such as pulp, board, paper, tissue, nonwovens, and textiles.
  • Metals : This segment offers an extensive product range tailored by automation and software solutions, deep process knowledge, and a comprehensive service offering.
  • Hydro : This segment helps supply electromechanical equipment and hydropower plant services to the renewable energy market worldwide.
  • Separation : This segment offers sustainable process technologies, solutions for water management for irrigation projects, and desalination for more potable water.

Applications/End User Industries

  • Architecture
  • Desalination
  • Glass
  • Food and Beverages
  • Packaging
  • Paper
  • Pharmaceutical
  • Automotive
  • Chemicals
  • Environment
  • E-Mobility
  • Power Generation
  • Oil and Gas
  • Alternative Protiens
  • Carbon Steel
  • Feed
  • Kraft Pulp
  • Marine/Offset
  • Non-Ferrous Metals
  • Lime and Cement
  • Minerals and Mining
  • Nonwoven and Textile
  • Panelboard
  • Aluminum