Download as pdf - ANDRITZ Annual Report 2008 - Financial ...

Metals065businessdeveLoPMentSales of the business area developed verysatisfactorily in 2008. At 566.2 MEUR, saleswere 38.8% higher than in the previous year(2007: 408.0 MEUR). EBITA also showedan increase, reaching 40.1 MEUR (2007:30.6 MEUR).Despite the difficult economic conditionsduring the fourth quarter of 2008, order intakeamounted to 611.5 MEUR, thus only slightlybelow last year’s record (2007: 636.4 MEUR).ANDRITZ Maerz, in particular, showed a veryfavorable development, achieving an orderintake significantly above expectations.Sales 2007: 408.0 MEURSales 2008: 566.2 MEUR+39%Voestalpine Stahl GmbH, Austria successfullystarted up the hot-dip galvanizing lineNo. 4 at the site in Linz. The plant’s productioncapacity is 450,000 tons of sheet steel forthe automotive industry. ANDRITZ METALSacted as the consortium leader and suppliedthe complete mechanical equipment, includinga four-high skin-pass milland the furnacetechnology. Also, the business areahanded over a 5,000 l/h regeneration plantto voestalpine Stahl GmbH. The order compriseda hydrochloric acid regeneration plant,a waste acid purification (WAPUR)and an oxide storage.plant,At Baoshan Iron & Steel Co. in Shanghai,China, ANDRITZ METALS successfully completedthe extension of an electrolytic galvanizingline in a cold rolling mill. The linehad been supplied by the business area andstarted operation in June 2000 with a productioncapacity of 263,000 t/y, which hasnow been raised to 310,000 t/y.A 20-high rolling mill supplied to Jindal StainlessSteel Ltd. successfully started operationduring the reporting period. The scope ofsupply also included the complete automationand electric drive technology.Jiuquan Iron & Steel Co. (JISCO), Jiuquan,China started the annealing and picklingline for cold-rolled strip, two 20-high rollingmills, a skin-pass mill, the grinding and polishingline, and two trimming lines supplied byANDRITZ METALS. The stainless steel millin Jiuquan processes hot-rolled strip of upto 6 m thickness and a maximum strip widthof 1,600 mm into cold strip of 0.3 mm minimumthickness.Arinox S.p.A., Italy successfully started upa 20-high rolling mill for 1,350 mm stripwidth and a slitting line for precision stainlesssteels in the thickness range between0.1 and 1.5 mm and with a strip width of1,260 mm maximum.Lianzhong Stainless Steel, China successfullystarted up its new annealing and picklingline for cold-rolled strip with integratedskin-pass mill. The plant can produce stripbetween 800 and 1,600 mm wide and 0.3 to3.0 mm thick.Taiyuan Iron and Steel, China took over a20-high rolling mill, an S6-highrolling mill,and a skin-pass mill. The 20-high rolling millplant is designed for strip thicknesses of 10to 0.15 mm and strip widths of up to 1,625mm. The S6-high rolling mill can handle stripup to 2,100 mm wide and up to 14 mm thickat the inlet, with a finished thickness of up to0.8 mm. The offline skin-pass mill rolls thestrips that have been reduced on the aforementionedrolling mills.A chamber furnace annealing plant was handedover to Böhler Edelstahl GmbH, Austria. Itconsisted of a high-temperature furnace withrecuperative burners , two low-temperatureannealing furnaces, cooling chamber, manipulationmachine, and quenching basin.Special technical and financial terms are marked attheir first occurrence in a chapter. They are explained inthe glossary starting on page 104. If you have any queries,please do not hesitate to contact us atwelcome@andritz.comKey figures (Meur) 2008 2007* 2006* 2005 2004Order intake 611.5 636.4 401.9 444.8 266.7Order backlog as of December 31 736.2 631.5 403.7 458.9 293.1Sales 566.2 408.0 450.5 275.9 235.4EBITDA 42.6 33.1 33.4 18.2 14.3EBITDA margin 7.5% 8.1% 7.4% 6.6% 6.1%EBITA 40.1 30.6 31.1 15.9 12.1EBITA margin 7.1% 7.5% 6.9% 5.8% 5.1%Capital investments 4.3 3.2 2.3 2.2 3.2Employees as of December 31 996 880 819 749 736* restated