MasterJet 4Tec: New Voith headbox ensures the highest paper quality and enables significant improvements in operating and energy efficiency also in news 2023/24 fiscal year: Voith feels the impact of the challenging environment, but showed a solid performance.
MasterJet 4Tec: New Voith headbox ensures the highest paper quality and enables significant improvements in operating and energy efficiency
- Improved jet homogeneity and a 30 percent reduction in streaking in the formation for the highest paper quality
- Optimizations at the headbox reduce the pump’s energy consumption and result in high cost savings
- Clean and user-friendly operation for efficient operation and minimal cleaning and maintenance
- First customers Khanna Paper and Brigl & Bergmeister are fully convinced by the performance of the headbox
Voith’s fourth-generation MasterJet headbox technology, the MasterJet 4Tec, is now available and has already impressed the first customers with its positive effects on operating efficiency and paper quality. The innovations result in improved jet quality and thus flawless, streak-free sheet formation, as well as a reduction in energy consumption. The measures to further improve cleanliness and the resulting increase in machine efficiency have also proven to be very convincing.
Improved formation ensures outstanding paper quality
The headbox makes a decisive contribution to sheet formation, one of the most important quality parameters for most papers.
“Our MasterJet 4Tec sets new standards in jet homogeneity,” reports Markus Haeussler, Product Manager Headbox at Voith Paper. The improved fiber distribution and more than 30 percent streak reduction in the jet ensure the best formation values and a perfect visual appearance of the paper.
Annual energy savings in the six figures
Significantly improved energy efficiency further ensures considerable savings in operating costs. “The fan pump contributes significantly to the electrical energy consumption of a paper machine, and this depends a lot on the headbox,” says Haeussler. “This is why we have put a high priority on reducing the energy consumption of the MasterJet 4Tec.” On a six-meter-wide paper machine that produces at 1,000 m/min and 80,000 l/min, and with a kWh price of €0.12, these measures can lead to annual savings of around €103,000.
Brigl & Bergmeister, a leading manufacturer of label papers, is convinced of the performance of the headbox: “The team from B&B and Voith did an excellent job throughout the entire project,” says Josef Goessnitzer, Production Manager at Brigl & Bergmeister in Niklasdorf. “The result was an impressive start-up of the new MasterJet 4Tec. It took less than two and a half hours from stock on wire to achieving saleable paper quality. Right from the start, we had very good cross profiles, and the exceptionally smooth jet was impressive.”
With the EdgeMaster, the MasterJet 4Tec has an edge control on the fourdrinier wire that is easy and intuitive to adjust and can simply be swiveled upwards for a wire change. An innovative Teflon seal ensures a fiber-free wire edge and clean surfaces around the headbox.
“The headbox and surrounding area are very clean thanks to the new EdgeMaster from Voith, which further reduces our number of sheet breaks. Immediately, we had 50 hours without a sheet break,” says Goessnitzer. “We are really impressed with the new MasterJet 4Tec and are glad we chose this headbox.”
Khanna Paper Mills, a leading Indian papermaker and longstanding partner of Voith, is already profiting from the advantages of the new MasterJet 4Tec, too. “From the beginning, the performance of the MasterJet 4Tec on our PM 4 has been impressive. The headbox delivers superior results after fast stabilization on the PM 4,” reports Rahul Khanna, Managing Director & Promoter at Khanna Paper Mills, which has already announced a second order. “This cutting-edge technology from Voith and the positive experience by the whole team have encouraged us to place a repeat order with Voith for another MasterJet 4Tec for our PM 5, one of the widest and fastest paper machines in India to date,” says Khanna.
The MasterJet 4Tec is the successor to Voith’s proven MasterJet Pro technology. The headboxes deliver the highest quality, outstanding efficiency and optimal operation.
2023/24 fiscal year: Voith feels the impact of the challenging environment, but showed a solid performance
- Another slight increase in orders received
- Significant increase in cash flow
- Slight decline in Group sales, as expected; all three Group Divisions achieve their sales targets
- Group EBIT declined; net result negatively affected by non-recurring effects
- Outlook: Appreciable decline in orders received; slight increase in sales; significant improvement in profitability
The Voith Group showed a solid performance in the 2023/24 fiscal year (October 1, 2023, to September 30, 2024) in a challenging market environment with weak economic activity and ongoing geopolitical uncertainty. Both in terms of operating business and financially, Voith remains in robust condition. The Company achieved its sales targets in all three Group Divisions in the reporting period and managed to slightly increase the volume of orders received. Nevertheless, the operating result (EBIT) was lower than in the previous year. In addition, the net result was negatively affected by non-recurring effects. The broad sectoral and geographical diversification and the established market position in all three Group Divisions paid off.
“The past fiscal year was very challenging and marked by weak economic activity. Nevertheless, Voith managed to achieve its sales targets. We still believe that the clear focus on sustainable technologies is the way to achieve profitable growth,” explains Andreas Endters, Voith’s acting President and CEO.
2023/24 fiscal year: positive development in orders received and cash flow
Voith’s business performance was solid despite the challenging markets. The Company managed to achieve its targets with respect to orders received and sales.
The volume of orders received rose slightly to € 6.34 billion and increased by 3% compared to the previous-year figure. One of the reasons for this result was a major contract at the Group Division Hydro with a volume in the upper three-digit million euro range. As of September 30, 2024, orders on hand stood at € 7.99 billion. Group sales decreased slightly to € 5.23 billion (previous year: € 5.51 billion), as expected.
The operating result (EBIT) was slightly below the previous-year figure as of the reporting date. This decline in the operating result was due to the creation of additional provisions and allowances for expected increases in the cost of individual customer projects in the Group Division Hydro. The net result was also negatively affected by non-recurring effects, for example, due to a planned reclassification of a company into the Group.
Voith made further investments for the future in the reporting year. The investments for research and development amounted to more than € 200 million. The Company managed to significantly increase cash flow from operating activities compared to the previous year. In addition, Voith was able to considerably reduce its net debt. Consequently, the Group’s financial position remains sound.
Andreas Endters: “Voith benefits from liquidity secured over the long term and its good market position in the three Group Divisions. In a year with very good cash performance, we created significant provisions and allowances to protect against risk. We will work hard to improve our competitiveness and prepare for a market environment that will remain volatile. This will further improve our profitability.”
Industrial sustainability as a business model
As part of its growth strategy, Voith is focusing on the megatrends of decarbonization and digitalization. The transformation towards sustainability is fully underway and offers the Company huge opportunities for growth by further expanding its core business and by opening up new business segments and markets.
Voith has been intensifying its activities in the area of hydrogen for years. The Company is focusing on the development of hydrogen storage systems for heavy duty vehicles, which are considered key technologies for a sustainable energy transition. In order to strengthen its position in this growing market, Voith established an independent unit, Voith HySTech GmbH, in the 2023/24 fiscal year.
To expand the position in the Chinese market, Voith signed a strategic cooperation agreement with the Chinese Weifu High Technology Group. The cooperation involves the operation of two joint ventures and collaboration in the research, development, production, and application of hydrogen storage systems.
To further advance the reduction of greenhouse gas emissions, Voith joined the Science Based Targets initiative (SBTi) at the beginning of 2024. This entails the definition of science-based climate targets in accordance with the Paris climate accord. In January, Voith also joined the UN Global Compact, the largest initiative for sustainable and responsible business management worldwide. By joining the Global Compact, Voith committed to complying with the ten principles of the Global Compact that apply globally which, among others, cover the areas of human and labor rights; diversity; and anti-corruption. Voith once again was awarded the Silver medal by EcoVadis, a globally recognized provider of sustainability ratings, for its sustainability performance at its own global locations. This award places Voith among the best 15% of all companies rated worldwide.
2023/24 fiscal year: All Group Divisions achieve their sales targets
The Group Division Hydro looks back on a difficult 2023/24 fiscal year. Its volume of orders received increased once again compared to the already high previous-year figure, due to an exceptional major project, and stood at € 2.11 billion (previous year: € 1.92 billion). As expected, sales appreciably declined and stood at € 1.05 billion (previous year: € 1.19 billion). Contrary to the forecast, EBIT decreased considerably. This was due to the creation of additional provisions and allowances for existing projects. A considerable improvement in profitability remains the most important objective for the Group Division.
The Group Division Paper achieved its targets with respect to orders received, sales and operating result. At € 2.19 billion (previous year: € 2.10 billion), the volume of orders received was slightly above the previous-year figure despite the expected cooling of the market in the paper industry. Sales dropped to € 2.14 billion (previous year: € 2.24 billion). EBIT increased appreciably due to the systematic implementation of the strategy.
The Group Division Turbo also managed to considerably improve its earnings. The volume of orders received slightly decreased to € 1.99 billion (previous year: € 2.05 billion). Sales were in line with expectations and remained stable compared to the previous year at € 1.98 billion (previous year: € 1.99 billion).
Outlook for the 2024/25 fiscal year: Appreciable decline in orders received, slight increase in sales, improved profitability
The current 2024/25 fiscal year will continue to be marked by economic and geopolitical uncertainties. Alongside the war in Ukraine and the conflict in the Middle East, these include economic stress factors. Under these circumstances, we can expect weak global economic activity.
Thanks to its broad sectoral and geographical diversification; the established market position in all Group Divisions; and the sound financial position, Voith feels well positioned to continue investing in its future viability and to achieve profitable growth.
For the 2024/25 fiscal year, Voith expects a slight increase in sales. The volume of orders received will decrease appreciably given that it is not likely that the Company will be able to again achieve the exceptionally high values seen in previous years, which were due to two major contracts of the Group Division Hydro. Profitability is expected to improve significantly: firstly, the non-recurring effects that had a negative impact in the past fiscal year will not apply. Secondly, the success of the ongoing strategic programs is becoming more and more apparent. These programs include, for example, the targeted expansion of activities with strong margins; differentiated contractual arrangements that address the risk of an increase in costs in long-term projects; and efficiency gains through optimized structures and processes. They correlate with a significant improvement in the operating result (EBIT); the Group net result; and the return on capital employed (ROCE).
About the Voith Group
The Voith Group is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, paper, raw materials and transport & automotive. Founded in 1867, the company today has around 21,000 employees, sales of € 4.9 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.
The Group Division Voith Paper is part of the Voith Group. As the full-line supplier to the paper industry, it provides the largest range of technologies, services and products on the market and offers paper manufacturers holistic solutions from a single source. The company’s continuous stream of innovations facilitates resource-conserving production and helps customers minimize their carbon footprint. With its leading automation products and digitalization solutions from the Papermaking 4.0 portfolio, Voith offers its customers state-of-the-art digital technologies to improve plant availability and efficiency for all sections of the production process.
Contact: Anna Dennerlein – Vice President Global Communication Voith Paper – Tel. +49 7321 37 9055
Anna.Dennerlein@voith.com – www.voith.com
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