EANS-News: ANDRITZ to supply train wheel production line to Russia CNE

Tuesday, 29. September 2020 08:35
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Company Information

Graz - September 29, 2020. International technology group ANDRITZ and Allegro -
a subsidiary of EVRAZ and RailService established to implement the project to
produce train wheels in the Titan Valley special economic zone - have signed a
contract to supply a complete production line for train wheels. The contract was
signed by Valerij Galchenkov, Managing Director of Allegro GmbH, Heinz
Autischer, Head of Metals Processing at ANDRITZ, and Daniel Huber, Managing
Director of Schuler.

ANDRITZ GROUP subsidiaries ANDRITZ Maerz and Schuler will supply the production
line. The main part of the contract is expected to be booked in mid-2021, with
the first consignment being scheduled for delivery in the first quarter of 2022.

The production process comprises several stages: The blanks produced by EVRAZ
are heated to 1,250 °C in the rotary hearth furnace, then descaled and preformed
in a hydraulic press with 10,000 tons of press force. After this, the blanks are
rolled in a wheel-rolling machine developed by Schuler and forged into a
finished product in a crimping and piercing press with 5,000 tons of press
force. This is followed by a geometric test in a laser measuring system and
permanent marking in a marking press. Finally, the wheels undergo heat treatment
and the running surfaces are hardened.

Allegro is investing a total of around 16 billion rubles (approximately 180
million euros) in the production of train wheels. With the new production line,
Allegro will be able to produce 200,000 train wheels per year, and up to 300,000
with a further extension. Production is scheduled to start in the fourth quarter
of 2022, and the project will create a total of 425 new jobs.

"We are looking forward to reaching this milestone with ANDRITZ as the main
supplier," says EVRAZ Vice President Denis Novozhenov, who heads the Ural
Division. "Production of train wheels requires highest competence and strict
quality control, and this begins in production of the steel. The know-how from
EVRAZ is vital to this project."

Heinz Autischer, Head of Metals Processing at ANDRITZ: "We are very proud that
we have won a railway wheel line again to be supplied jointly by ANDRITZ Maerz
and Schuler. With this order, we will deliver the most advanced production line
ever built in this segment and also strengthen our technology leadership in this

- End -

International technology group ANDRITZ offers a broad portfolio of innovative
plants, equipment, systems and services for the pulp and paper industry, the
hydropower sector, the metals processing and forming industry, pumps, solid/
liquid separation in the municipal and industrial sectors, as well as animal
feed and biomass pelleting. The global product and service portfolio is rounded
off with plants for power generation, recycling, the production of nonwovens and
panelboard, as well as automation and digital solutions offered under the brand
name of Metris. The publicly listed group today has around 27,800 employees and
more than 280 locations in over 40 countries.

ANDRITZ Metals is - via the Schuler Group - one of the world's leading suppliers
of technologies, plants and digital solutions in sheet metal forming. The
product portfolio also includes automation and software solutions, process know-
how, and service.
In the metals processing segment, the business area offers innovative and
market-leading solutions for the production and processing of flat products, for
welding systems, as well as furnaces and services for the metals industry.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & IR
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
mail:         welcome@andritz.com
WWW:          www.andritz.com
ISIN:         AT0000730007
indexes:      ATX, WBI
stockmarkets: Wien
language:     English

EAX0007    2020-09-29/08:35

Related Links: Andritz AG
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