Producer
ANDRITZ AG (Tissue Technology)
Austrian industrial machinery company (Vienna Stock Exchange: ANDR, HQ Graz, Styria; ~€7.5B revenue); Pulp and Paper Division produces Yankee dryers and complete tissue machine lines for global tissue manufacturers. ANDRITZ is the world's largest supplier of pulp and paper production machinery (alongside Valmet), with Yankee dryers for tissue machines as a key product. ANDRITZ acquired the Asselin-Thibeau (France) tissue and nonwovens machinery brand and multiple other tissue technology companies. ANDRITZ also makes hydropower turbines, biomass boilers, and feed and biofuel plants — a diversified heavy equipment company where tissue machinery is one of many businesses.
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Pulp & Paper (Tissue Machinery)
40%Metals
20%Hydro (Hydropower Turbines)
20%Separation
10%Feed & Biofuel
10%
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Did you know2024
ANDRITZ AG (Vienna: ANDR) spans four unrelated industrial food chains from its Graz headquarters: (1) toilet paper manufacturing — ANDRITZ Yankee dryers are inside the tissue machines making Charmin, Kleenex, and Bounty at Procter & Gamble and Kimberly-Clark facilities worldwide; (2) renewable electricity — ANDRITZ Hydro makes Francis, Kaplan, and Pelton turbines for hydropower dams from Norway to Brazil; (3) salmon farming — ANDRITZ Feed & Biofuel makes the extruder machines that produce aquafeed pellets consumed by Atlantic salmon at Norwegian and Chilean salmon farms; (4) pharmaceutical filtration — ANDRITZ Separation makes decanter centrifuges and drum filters used in pharmaceutical manufacturing. The Graz engineering firm that makes the machine drying the toilet paper also makes the turbine generating the electricity powering the factory, and the extruder making the fish feed on the Norwegian salmon farm. No other Austrian industrial company spans personal hygiene, renewable energy, food production, and pharmaceutical manufacturing through a shared mechanical engineering competency.
ANDRITZ AG ↗Origin2023
ANDRITZ AG was founded in 1852 in Graz, Styria — in the Mur River valley industrial district of Austria's steel and machinery heartland. The original ANDRITZ business was water turbines for the Styrian textile mills (using the Mur River's fall for mechanical power). The company grew through the 19th and 20th centuries into pulp and paper machinery (leveraging Austria's mechanical engineering tradition and proximity to Scandinavian paper industry customers), then diversified into metals, separation, and other machinery categories. The corporate identity as "an industrial machinery company that solves industrial process challenges" — rather than specialization in a single machine type — explains ANDRITZ's remarkable product range spanning tissue dryers, hydropower turbines, fish feed extruders, and steel rolling mills from the same Graz engineering headquarters.
ANDRITZ AG ↗