Andritz reports good project investment in biomass pelleting

By Erin Voegele | May 11, 2016

Andritz recently released first quarter financial results, reporting sales of nearly €1.29 billion ($1.46 billion), down 8.5 percent from the same period of 2014. According to the company, all business areas recorded a decline in sales.

Order intake was at €1.25 billion, down 12.8 percent from the same period of the prior year. The order backlog as of March 31 amounted to €7.15 billion, down slightly from the end of last year. Despite declining sales, EBITA increased to €83.9 million, compared to €73.4 million in the first quarter of 2015. Net income without non-controlling interests increased to €52.5 million, up from €44 million during the same period of last year.

Information released by Andritz indicates there was good project and investment in the biomass pelleting sector during the first quarter. “Several orders for animal and aqua feed processing lines and pelleting equipment were received from customers in Europe, Asia, and South America. In the biomass pelleting sector, orders were received from customers in North America and Asia,” said the company in its first quarter report.

Also in its report, Andritz highlighted several bioenergy projects. “For Fortum Power and Heat’s Kivenlahti plant, the business area provided equipment and services (pellet handling, powder handling, burners, boiler modifications, and automation) to convert the boiler for firing biomass fuels,” said Andritz in the report.

During the quarter, Andritz also signed a contract with a customer in China to deliver all the major production technology and equipment for a new pulp mill. The scope of the order includes a biomass gasification plant.