History of ANDRITZ
The cornerstone of today's international technology group ANDRITZ was laid in 1852 as a small iron foundry in Graz, Austria. Fast forward over 170 years, the company has become a globally leading supplier of plants, equipment, automation solutions and services for hydropower stations, pulp and paper, metalworking and steel, as well as environmental and green energy-focused sectors. Over the years, ANDRITZ has stood for passion, partnership, perspectives and versatility — core values to which we are committed.
ANDRITZ's milestones: A journey of 170 years from a foundry to global technology leadership
What began in 1852 with the production of metal goods such as wire nails, chains, iron gratings and grave crosses developed into a market-leading, globally operating technology group.
1852 | Josef Körösi establishes ANDRITZ as a foundry and machine works. |
1900 | ANDRITZ becomes a stock corporation, integrated into the Gutmann group under the name of "Maschinenfabrik Andritz Actiengesellschaft". |
1922 | The ANDRITZ apprentice workshop is founded. Since then, the training and further education opportunities have offered many young people the start of a promising career. |
1949 | A long-lasting cooperation with the Escher Wyss Group, Switzerland, begins, and the focus of ANDRITZ shifts towards water turbines, centrifugal pumps, cranes and steel structures. |
1950 | Creditanstalt-Bankverein, Austria, acquires a majority interest in ANDRITZ, and the company undergoes the eighth change of ownership in its not-quite 100-year history. |
1951 | ANDRITZ starts to produce complete paper machines in cooperation with Escher Wyss. |
1987 | AGIV AG acquires a majority stake in ANDRITZ, and the strategic direction begins to change from being a licensee of other equipment manufacturers to becoming a leading international supplier of its high-tech production systems. |
1990 | The acquisition of Sprout-Bauer, USA, an equipment supplier for mechanical pulp and animal feed production, marks the beginning of ANDRITZ's successful expansion policy through complementary acquisitions. |
1992 | The success story of ANDRITZ Brasil begins with a staff of five in a sales office in Curitiba. |
1997 | ANDRITZ China is founded with the launch of a joint venture in Foshan to manufacture stock pumps locally. |
1999 | A consortium of investment companies and the Custos private foundation take over ANDRITZ. |
2000 | The acquisition of the Ahlstrom Machinery Group makes ANDRITZ a globally leading supplier of pulp production systems. |
2001 | ANDRITZ goes public on the Vienna Stock Exchange with two million shares successfully placed with national and international investors. |
2003 | The Secondary Placing of ANDRITZ shares on the Vienna Stock Exchange results in a rise in free float to around 70%. |
2006 | With the acquisition of VA TECH Hydro, ANDRITZ advances to a globally leading supplier of electromechanical equipment for hydropower plants. |
2013 | ANDRITZ substantially expands its Metals business area by acquiring the Schuler Group, the world market leader in forming technology. |
2018 | The acquisition of Xerium Technologies boosts ANDRITZ Fabrics and Rolls to a full-line supplier. |
2021 | "We Care", the first ANDRITZ sustainability program, is launched, emphasizing the company's strong commitment to this topic. |
2022 | With the acquisition of Sovema, ANDRITZ takes a big step forward to becoming a leading systems supplier of battery cell manufacturing solutions for the automotive industry and other sectors. |
