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ANDRITZ Acquires Majority Stake in Shanghai Shende Machinery, China - International technology Group ANDRITZ has acquired an 80% stake in Shanghai Shende Machinery Co. Ltd., a renowned supplier of technologies and systems for feed and biomass pelleting - ANDRITZ.com
ANDRITZ Acquires Majority Stake in Shanghai Shende Machinery, China

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2013/01/28 - International technology Group ANDRITZ has acquired an 80% stake in Shanghai Shende Machinery Co. Ltd., a renowned supplier of technologies and systems for feed and biomass pelleting - ANDRITZ.com. Reuters: ANDR.VI

   
 
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The company generates annual sales of approximately 20 million euros.

Shanghai Shende Machinery supplies process technologies including the entire equipment and service portfolio for mid-size capacity animal/aquatic feed and biomass pelleting plants. With this acquisition, the ANDRITZ FEED & BIOFUEL business area is strengthening its product and service portfolio and further enhancing its position in the growth markets of China and other Asian countries.

ANDRITZ FEED & BIOFUEL is one of the world market leaders in the supply of plants, equipment, and services for the industrial production of feed pellets (for the pet food, fish, and shrimp feed industries) and biofuel pellets for the renewable energy area (wood pelleting and pelleting of agricultural and industrial by-products, such as straw).

The ANDRITZ GROUP

International technology Group ANDRITZ (andritz.com) is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, solid-liquid separation in the municipal and industrial sectors, the steel industry, and the production of animal feed and biomass pellets. In addition, ANDRITZ offers technologies for certain other sectors including automation, pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue gas cleaning plants, plants for the production of panelboards (MDF), thermal sludge utilization, and torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz, Austria and has a staff of around 17,700 employees worldwide. ANDRITZ operates over 180 production sites as well as service and sales companies all around the world.

 
 
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Written by / Agency / Source: ANDRITZ AG

 
 

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ANDRITZ Acquires Majority Stake in Shanghai Shende Machinery, China

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Publisher Contact: Oliver Pokorny - ANDRITZ.com 
+43(316) 6902 1332 oliver.pokorny[.]andritz.com
 
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