Manmade Fibers Segment
Oerlikon wins three large manmade fibers orders in China
Oerlikon has received new large orders for
manmade fibers production solutions from three of the leading
manmade fibers manufacturers. These three companies are based in
China and have been key customers of Oerlikon for many years.
The orders are for Oerlikon Barmag’s filament-spinning
technology for the highly efficient production of polyester
fibers. The three projects have a total value of more than CHF
600 million (EUR 565 million). A very small proportion of these
projects will be recognized in Oerlikon Group’s order intake in
2020, and the majority will be accounted for in 2021 and 2022.
On-site delivery and installation of these systems is planned
for the period from 2021 to early 2023.
Georg Stausberg, CEO of Oerlikon’s
Manmade Fibers Segment.
The systems business in China remains
largely unchanged despite the short-term interruption caused by
the coronavirus epidemic following the Chinese New Year
celebrations. Long-term project planning for major customers in
the manmade fibers industry has resulted in new major orders
being placed with Oerlikon Barmag. One of the three new orders,
valued at more than CHF 300 million (EUR 282 million), is the
largest order ever received by Oerlikon Barmag, based in
Dr. Roland Fischer, CEO Oerlikon Group.
“These three orders show that the Chinese
textile industry continues to place its trust in the world
market – and in Oerlikon. They make it clear that globally
interconnected industries such as the textiles industry and
business models like that employed by the Manmade Fibers Segment
are more robust than many people believe,” said Dr. Roland
Fischer, CEO Oerlikon Group. Georg Stausberg, CEO of Oerlikon’s
Manmade Fibers Segment, added: “That these customers repeatedly
select Oerlikon is primarily linked to our innovative
technologies, but also due to the fact that we have been
handling these extensive projects flexibly and reliably for
decades and also mastering challenges that, like today, arise
from global epidemics causing temporarily interruptions for
production sites and logistics."