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Moelven Group orders again chamber kilns from Heinola
21/08/2017 - 10:28 AM
Kilns will be taken into production in the first half of year 2018
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Andritz to start up key production technologies for Metsä Group’s new mill in Finland
18/08/2017 - 10:13 AM
Andritz has successfully completed start-up of the key production technologies for Metsä Group’s new bioproduct pulp mill with an annual capacity of 1.3 million tons of pulp in Äänekoski, Finland
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Homag reports 33% increase in orders
11/08/2017 - 12:23 PM
The HOMAG Group saw incoming order increase by 33 percent to EUR734 Mn in the first half of 2017, suggesting strong demand for its products and solutions
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Kronospan orders additional OSB plant core package from Dieffenbacher
09/08/2017 - 02:06 PM
Before Kronospan builds its new particleboard plant at its Sanem site in Luxembourg, it will refurbish and modernise its existing OSB plant. The project is estimated to cost EUR330 Mn over the next four years
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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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