ANDRITZ AG Secures Major Pumped‑Storage Projects in South Korea
ANDRITZ AG, a leading supplier of plants, equipment and services for hydropower stations, has won a significant pumped‑storage contract in South Korea. The order, announced on 20 January 2026 by renews.biz, confirms that the company will supply turbines for the Yeongdong pumped‑storage plant, a project managed by Doosan. The announcement was corroborated by ee‑news.ch and marketscreener.com on the same day, both reporting that Doosan has selected ANDRITZ as the turbine supplier for the new plant.
Contract Scope and Technical Details
While the public releases do not disclose the full technical specifications, the contract is understood to involve the installation of high‑efficiency turbines for a large‑scale pumped‑storage power station. The project is part of South Korea’s strategy to expand its renewable energy capacity and to enhance grid stability through energy storage solutions. The selection of ANDRITZ reflects the company’s expertise in hydropower technology and its global reputation for delivering reliable, high‑performance turbine systems.
Impact on ANDRITZ’s Financial Position
The new order aligns with ANDRITZ’s core business in the hydropower sector and is likely to contribute positively to the company’s revenue streams in the coming years. The firm’s market cap, standing at €7.108 billion as of 18 January 2026, and a price‑earnings ratio of 15.43 indicate a healthy valuation relative to its earnings. The close price of €71.45 on 18 January 2026 is within a few days of the 52‑week high of €72.60, suggesting that the market has already priced in optimism around the company’s performance.
Investor Perspective
Financial analysis from finanzen.net on 19 January 2026 highlighted the substantial long‑term appreciation of ANDRITZ shares. A €10 000 investment five years ago, when the share price was €39.20, would have grown to €18 278.06 based on the current price of €71.65. This represents an 82.78 % increase, underscoring the company’s attractive track record for shareholders. The investment growth, however, does not account for dividends or potential share‑splits.
Broader Market Context
During the same week, the Austrian Stock Index (ATX) opened in a loss zone, registering a 0.70 % decline to 5 403.32 points. Despite this overall market weakness, ANDRITZ’s share performance remained resilient, reflecting its status as a defensive industrial play within the index. The ATX’s year‑to‑date gain of 0.964 % and the current index high of 5 477.42 points suggest that the market environment is volatile but not detrimental to companies with strong fundamentals such as ANDRITZ.
Strategic Significance
The Yeongdong project reinforces ANDRITZ’s positioning as a key player in the global hydropower and energy‑storage markets. It also complements the company’s broader strategy of expanding its portfolio across pulp and paper, metalworking, steel, and solid‑liquid separation sectors. The successful bid in South Korea signals the firm’s capability to secure large‑scale international contracts, which can drive revenue growth and enhance its competitive advantage.
Conclusion
ANDRITZ AG’s recent procurement of turbine technology for the Yeongdong pumped‑storage plant in South Korea demonstrates the company’s continued strength in the hydropower sector and its ability to secure high‑profile international contracts. Combined with a solid financial base and a history of shareholder returns, the contract is poised to contribute to ANDRITZ’s long‑term growth trajectory.
