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 Remscheid, Germany.


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."

 

 
Copyright 2020 Ptj.com.pk   Design: PTJ Graphics