Annual report 2023

Global leader with a passion for innovative engineering solutions

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Creating sustainable value through technology and quality leadership

ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. Decarbonization is an integral part of our business strategy and culture. With our comprehensive array of sustainable products and solutions, we aim to make the greatest possible contribution to a green future and help our customers achieve their sustainability goals. We are a global leader in each of our four business areas – Pulp & Paper, Metals, Hydropower and Environment & Energy.

Technological leadership, sustainable solutions and global presence are the cornerstones of our strategy for long-term profitable growth. Our corporate headquarters are located in Graz, Austria. We are listed on the Vienna Stock Exchange.

From capital goods to life cycle services: 

Leader in ­large-scale technology solutions


WHAT WE DO 

  • Provide state-of-the-art engineering and life cycle service ­solutions as well as machines and plants to various industries.


WHAT WE OFFER 

  • Empowering customers to lead in the green transition 
  • Enabling customers to reach their sustainability goals
  • Optimizing customer operations with advanced ­technologies
  • Supporting customers with comprehensive life cycle services

Our team services customers around the globe

At ANDRITZ, the diversity and commitment of our 30,000 employees in more than 80 countries is our greatest asset. This global presence enables us to be close to our customers, provide individual support, and foster strong partnerships around the world. Our drive for innovative engineering fuels our search for solutions that deliver lasting value to our customers and partners.

Our company is built on the core values of Passion, Partnership, Perspectives and Versatility, which encourage us to maintain a dynamic and innovative approach in our quest for continuous improvement and growth. The rich tapestry of cultures not only facilitates a vibrant exchange of knowledge and ideas, but also strengthens our innovation efforts. It reflects our commitment to improving diversity, as evidenced by our goal to increase female representation from 17% to 20% by 2025.


© photoworkers.at

Approximately 64% of our employees work in technical and administrative roles, while 36% work in manufacturing. With a significant proportion specializing in engineering, technology and project management, we are well equipped to tackle complex challenges and lead in technical innovation.

ANDRITZ is more than a company; we are a global community committed to excellence, innovation and diversity. Together, we are working towards a sustainable future, driven by our shared values and the collective strength of our team.


EMPLOYEES

2023

North America

13%

South America

14%

China

13%

Asia (excluding China, Africa, Australia)

8%

Germany

17%

Austria

12%

Rest of Europe

13%

TOTAL

100%

From a small iron foundry to a globally leading technology group

ANDRITZ traces its origins back to 1852, when Hungarian entrepreneur Josef Körösi established an iron foundry in Andritz, Austria. Initially focusing on producing cranes, pumps and water turbines, the company evolved over the years and expanded into new areas including bridges, steam boilers, engines and mining equipment. By 1900, ANDRITZ had become a stock corporation; in the first decades of the new century, the company’s resilient management and employees steered it through two world wars and the Great Depression.

In the mid-20th century, ANDRITZ transitioned its product portfolio, collaborating with the Escher Wyss Group and focusing on water turbines, centrifugal pumps, cranes and steel structures. In 1951, ANDRITZ embarked on the production of complete paper machines in cooperation with Escher Wyss.
 


While the 1960s and 1970s were a story of consistent growth for ANDRITZ, the 1980s brought challenges including an economic downturn. ANDRITZ was able to weather the storm: after AGIV AG, a German investment company, acquired a majority stake, ANDRITZ began to shift its strategic orientation away from ­licensing technology from other machine manufacturers and towards becoming a leading international supplier of its own high-tech production systems.

In 1999, a consortium of investment firms along with the Custos Private Foundation, founded by Wolfgang Leitner, former President and CEO of ANDRITZ, acquired the company.

In 2001, ANDRITZ went public on the Vienna Stock ­Exchange, marking a new era of international growth and expansion thanks to strategic acquisitions and its own strength in R&D. With its headquarters in Graz, Austria, ANDRITZ boasts a more than 170-year history rooted in resilience, adaptation and strategic ­evolution.