Andritz AG

Infobox Company
name = Andritz AG

type = Public (ATX|ANDR)
foundation = 1852
location_city = flagicon|Austria Graz
location_country = Austria
key_people = Wolfgang Leitner, (President & CEO)
industry = Industrial process
num_employees = approx. 12,481
divisions = Pulp and Paper
Rolling Mills and Strip Processing
Environment and Process Technologies
Feed Technology
homepage = [http://www.andritz.com/ www.andritz.com]

Andritz AG is an Austrian plant engineering Group headquartered in Graz. The Group gets its name from the district Andritz in which it is located.

Andritz employs more than 12,400 employees at 35 production and service facilities and 120 subsidiaries. In 2007, the company reported a revenue of €3.28 billion, a gross profit of €242 million and a net profit of €193 million.

In March 2000, the company made its largest acquisition to date, that of a 50 percent stake in Finland's Ahlstrom Machinery Group from the A. Ahlstrom Corporation, a manufacturer of chemical pulp plants and other pulp processing machinery. As part of the purchase agreement, Andritz also received the option of purchasing full control of Ahlstrom Machinery in the event of Andritz going public. In the meantime, Ahlstrom Machinery was renamed Andritz-Ahlstrom and placed under Andritz's Pulp and Paper division.

Following the IPO, Andritz made good on completing its acquisition of full control of Andritz-Ahlstrom, buying up the rest of that subsidiary in July 2001. As it turned to the new century, Andritz sought fresh international expansion opportunities. The overwhelming majority of the company's sales, which topped EUR 1.3 billion in 2001, remained focused on Europe (at 46 percent of sales) and the United States (at 38 percent of sales).