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Andritz Hydro on the Rise in North Carolina - Expansion Plans Announced  

September 12, 2011

Austrian subsidiary of Andritz AG sees annual growth rate of 20 percent

Andritz Hydro Corp. is going to expand its headquaters in Charlotte, North Carolina, the Charlotte Chamber announced on Friday. The company, which has seen an annual growth rate of 20 percent over the last years, was able to obtain numerous multi-million Dollar contracts in 2011, even though it has not yet managed to get into business with the State of North Carolina, where it is based.

According to the Charlotte Business Journal, Andritz was able to secure a USD 104 million contract for renewing the Grand Coulee Dam generators, as well as a USD 25 million contract to rehabilitate turbines at the Palisades Dam in Idahoe.

Carlos Torres, co-president of the US subsidiary, makes increasing its share of the construction and reconditioning business for hydro-electric plants accountable for the company's success.