EANS-News: ANDRITZ affiliate Schuler to supply one of the world’s largest mechanical forging presses to thyssenkrupp CNE

Thursday, 25. July 2019 08:30
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Company Information

Göppingen/Graz - July 25, 2019. The Schuler Group, part of international
technology Group ANDRITZ, will supply - via its affiliate Farina - one of the
world's largest and also most advanced mechanical forging systems of this kind
to thyssenkrupp Gerlach, Germany. With 16,000 tons of pressing force, 1,700 tons
in weight and a height of ten meters, the Farina forging press will form truck
front axles and crankshafts at the Homburg site as from 2021. Farina also
delivered a 4,000-ton forging press to thyssenkrupp in 2006.

The main press of the new forging line will be the world's first eccentric press
of this size, capacity and output to go into operation. 360,000 forged
components per year will be produced. The plant in Homburg has long been one of
the most efficient production sites in thyssenkrupp's global forging network. It
is market leader for forged crankshafts, supplying automotive customers

Farina is the leading European supplier of forged lines in the mid-price
segment. The company with headquarters in Suello, northern Italy, has been part
of the Schuler Group since 2018.

- End -

ANDRITZ is an international technology group providing plants, systems,
equipment, and services for various industries. The company is one of the
technology and global market leaders in the hydropower business, the pulp and
paper industry, the metal working and steel industries, and in solid/liquid
separation in the municipal and industrial segments. Other important fields of
business are animal feed and biomass pelleting, as well as automation, where
ANDRITZ offers a wide range of innovative products and services in the IIoT
(Industrial Internet of Things) sector under the brand name of Metris. In
addition, the company is active in power generation (steam boiler plants,
biomass power plants, recovery boilers, and gasification plants) and
environmental technology (flue gas and exhaust gas cleaning plants) and offers
equipment for the production of nonwovens, dissolving pulp, and panelboard, as
well as recycling plants.

ANDRITZ stands for passion, partnership, perspectives and versatility - core
values to which the company is committed. The listed Group is headquartered in
Graz, Austria. With almost 170 years of experience, over 29,000 employees, and
more than 280 locations in over 40 countries worldwide, ANDRITZ is a reliable
and competent partner and helps its customers to achieve their corporate and
sustainability goals.

ANDRITZ Metals is the technology and global market leader in forming equipment
through the Schuler Group, in which ANDRITZ has a stake of more than 95 percent.
Schuler offers presses, automation solutions, dies, process know-how, and
services for the entire metal forming industry. Its customers include car
manufacturers and their suppliers, as well as companies in the forging,
household appliance, packaging, energy, and electrical industries. Schuler is
also the market leader in minting technology and offers system solutions for
various high-tech segments.

In addition, ANDRITZ Metals is one of the leading global suppliers of complete
lines for the production and processing of cold-rolled strip made of carbon
steel, stainless steel, aluminum, and other non-ferrous metals. The lines
comprise equipment for pickling, cold rolling, annealing and heat treatment,
surface finishing, strip coating and finishing, punching and deep drawing, and
regeneration of pickling acids. The business area also supplies turnkey furnace
systems for the steel, copper, and aluminum industries, burners and refractory
products, welding systems, as well as comprehensive services for the metal
working industry.

Further inquiry note:
Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

end of announcement                         euro adhoc

issuer:       Andritz AG
              Stattegger Straße 18
              A-8045 Graz
phone:        +43 (0)316 6902-0
FAX:          +43 (0)316 6902-415
mail:         welcome@andritz.com
WWW:          www.andritz.com
ISIN:         AT0000730007
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

EAX0001    2019-07-25/08:30

Related Links: Andritz AG
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