Andritz AG

EANS-Adhoc: ANDRITZ subsidiary Schuler acquires majority stake in Yadon, one of the leading press manufacturers in China

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Graz, June 23, 2015.  Schuler AG, a member of international technology Group
ANDRITZ, has signed a contract for the acquisition of a 51% stake in the Chinese
press and machine tool manufacturer Yangzhou Metal Forming Machine Tool Co.,
Ltd. (Yadon). Yadon is one of the leading manufacturers of mechanical presses in
China and has annual sales of approximately 120 million euros. It was agreed not
to disclose the purchase price. The acquisition is subject to approval by
anti-trust authorities.

Yadon is based in Yangzhou, Jiangsu Province, around 300 kilometers north of
Shanghai, and has a staff of approximately 1,100 employees at three locations in
China. The main customer segments served by Yadon include the automotive
supplying, household appliances, and metal working industries in Eastern China.
The investment in Yadon extends Schuler's product portfolio in the middle and
lower price segments and provides access to a customer base not yet served in
China, the largest market in the world for presses.

- End -

Press release for download 
The press release is available for download at 

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

Further inquiry note:
Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

end of announcement                               euro adhoc 

issuer:      Andritz AG
             Stattegger Straße 18
             A-8045 Graz
phone:       +43 (0)316 6902-0
FAX:         +43 (0)316 6902-415
sector:      Machine Manufacturing
ISIN:        AT0000730007
indexes:     WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien 
language:   English

Weitere Meldungen: Andritz AG

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