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WOODTECH EGYPT 16-18th of February 2018, C.I.C.C. Exhibition Centre, CAIRO
21/06/2017 - 07:31 AM
Following the great success of the 1st WOODTECH FORUM in Damietta on November 2016, MEDEXPO EGYPT JSC in co-operation with the Chamber of Commerce Damietta - Furniture sector, decided to expand their activities by organizing in Cairo the biggest International Exhibition for timber,
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LIGNA: Innovative technologies accelerate the sawmill industry's growth
19/06/2017 - 05:02 PM
Self-optimisation is trend. Not only for the human body but also for the sawmill industry. One trend in that is the search for higher speed, a second the minimisation of noiseThe sawmill and a third one the increas of efficieny by using special products or processes. Fordaq talked to peaople of the sawmill industry on LIGNA. The fair took place between 22 and 26 May in Hannover, Germany. ...
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UK elections to impact Germany's engineering sector, VDMA says
15/06/2017 - 12:53 PM
After the UK elections, the German Mechanical Engineering Industry Association (VDMA) expressed concerns about its effects on the upcoming Brexit negotiations
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France: Forest equipment auction on June 28, 2017
15/06/2017 - 09:46 AM
French court bailiffs, SCP PIERRE & SANCESARIO, will organise an auction following a judicial liquidation...
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Andritz to acquire Paperchine, USA

02/06/2017 - 10:18 AM

International technology Group Andritz has signed a contract for acquisition of Paperchine, Inc., owned by AstenJohnson Holdings Ltd., headquartered in Charleston, South Carolina. The purchase is subject to approval by the antitrust authorities and is expected to be closed by the end of June 2017.

Paperchine is a global supplier of highly engineered equipment and services to the paper industry’s leading manufacturers. For Andritz, the acquisition of Paperchine strengthens its presence in North America and adds new products, such as the horizontal GapFormer, SigmaPro headbox, dewatering elements (former Johnson Foils), moisturizer (former VIB), and related service to its offerings for international clients.

 “We are very excited about this complementary acquisition that extends the Andritz product range for paper and board machines,” says Michael Pichler, SVP Andritz Global Pulp Drying and Paper Division Manager.

AstenJohnson CEO, Kevin Frank, comments: “The sale of Paperchine fits with our strategy to focus on growth in technical textiles, including paper machine clothing, advanced fabric, and nonwovens. Our friends and associates at Paperchine have successfully positioned the company as a leading global brand. They will have the opportunity to continue to grow with the support of Andritz, while building on the strong foundation they have established as a part of the AstenJohnson family.”



(Andritz/Fordaq)
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