As a technology leader Voith Paper defended in a difficult climate. Mainly in Western sales markets, business in the paper industry was flat in the period under review. Papermakers in Europe and the Americas rolled back their investments as the economy plunged. Initial signs of a
market recovery came from Asia in the second half of 2009,
i.e. toward the end of fiscal 2008/09 at Voith.
Despite the pronounced decline in orders received, Voith Paper gained a reasonable share of the few major projects that were up for tender. Attractive, large-scale projects were acquired both in Europe and in emerging Asian markets such as China, India and South Korea.
Successful start-ups in Lynn/UK and Dunaújváros/Hungary were only two of many in the period under review that once again demonstrated the importance to customers of
keeping the entire spread of paper technology — from stock preparation to the finished roll — together under one roof.
The result: Start-ups ahead of schedule, steep start-up
curves with record speeds, high-quality paper and very satisfactory print results.
At the end of the fiscal year, Voith Paper employed about
9,500 persons worldwide.
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