ANDRITZ Expands Environmental and Energy Focus with New Business Area and Financial Reporting Changes

ANDRITZ Expands Environmental and Energy Focus with New Business Area and Financial Reporting Changes

(IN BRIEF) International technology group ANDRITZ has announced the establishment of a new business area called “Environment & Energy” to consolidate its environmental and energy-focused technologies, aiming to better align with the markets it serves. ANDRITZ Environment & Energy offers sustainable solutions such as green hydrogen systems, P2X, carbon capture, flue gas cleaning, and more, catering to a wide range of industries. Additionally, the company has renamed its “Hydro” business area to “Hydropower” and will adopt a new financial reporting structure starting in Q1 2024 to reflect these changes.

(PRESS RELEASE) GRAZ, 19-Jan-2024 — /EuropaWire/ — To align its business activities even more closely with the markets served, international technology group ANDRITZ has combined several of its environmental and energy-focused technologies in one business area named “Environment & Energy”.

ANDRITZ Environment & Energy focuses on sustainable solutions. Its comprehensive product portfolio includes systems for green hydrogen, P2X, carbon capture, flue gas cleaning, solid/liquid separation, feed and food processing, and pumps for various processes.

The business area offers these systems, as well as related automation and digitalization solutions and services, to a wide range of industries.

ANDRITZ now operates with the following four business areas:

• Pulp & Paper
• Hydropower (renamed from “Hydro”)
• Metals
• Environment & Energy

The new business area structure will be reflected in the company’s financial reporting starting in Q1 2024.

ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. Sustainability is an integral part of the company’s business strategy and corporate culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ aims to make the greatest possible contribution to a sustainable future and help its customers achieve their sustainability goals. ANDRITZ is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydropower and Environment & Energy. Technological leadership and global presence are cornerstones of the group’s strategy, which is focused on long-term profitable growth. The publicly listed group has around 30,000 employees and over 280 locations in more than 40 countries.

Media Contact:

Susan Trast
HEAD OF CORPORATE COMMUNICATIONS & MARKETING
susan.trast@andritz.com

SOURCE: ANDRITZ