EANS-News: ANDRITZ AG Arbitration case in Montes del Plata settled
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Justice/Processes
Graz, April 28, 2015. ANDRITZ Pulp Technologies Punta Pereira S.A., a
subsidiary of international technology Group ANDRITZ and Celulosa y Energía
Punta Pereira S.A. ("CEPP"), a Joint Venture by Stora Enso and Arauco, have
amicably settled the arbitration proceedings between them in connection with
several contracts for delivery of equipment and systems for CEPP's Montes del
Plata pulp mill. The settlement will not have a material effect on the ANDRITZ
Group's earnings, thus ANDRITZ's earnings expectations for the full year 2015
remain unchanged.
- End -
The ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, the metalworking and steel
industries, and for solid/liquid separation in the municipal and industrial
sectors. The publicly listed technology Group is headquartered in Graz, Austria,
and has a staff of almost 25,000 employees. ANDRITZ operates over 250 sites
worldwide.
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English