Despite the current pandemic scenario, long-term project planning for major customers in the man-made fibre industry has resulted in new major orders being placed with Oerlikon Barmag with a total value of over CHF 600 million
Oerlikon has received new large orders for man-made fibres production solutions from three of the world’s leading man-made fibre manufacturers. All three companies are based in China and have been key customers of Oerlikon for many years. The orders are for Oerlikon Barmag’s world-leading filament spinning technology for the highly efficient production of polyester fibres. The three projects have a total value of more than CHF 600 million (Euro 565 million). A very small proportion of these projects will be recognised 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.
The systems business in China remains largely unchanged despite the short-term interruption caused by the corona virus epidemic following the Chinese New Year celebrations. Long-term project planning for major customers in the man-made fibre 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 (Euro 282 million), is the largest order ever received by Oerlikon Barmag, based in Remscheid, Germany. The comprehensive man-made fibre technology solutions by Oerlikon are used along the entire value chain in polyester yarn manufacturing and contain cutting-edge automation and digitalization technologies.
Oerlikon’s innovative technologies will enable the three Chinese companies to increase their production capacities for polyester yarn and to remain competitive. Oerlikon Barmag will provide the entire system for Wings POY and Wings FDY, as well as the texturing machines from the eFK product family in phases over a period of slightly over two years. “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 man-made fibres segment are more robust than many people believe,” said Dr. Roland Fischer, CEO, Oerlikon Group.
Georg Stausberg, CEO of Oerlikon’s man-made fibres 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.”
Oerlikon engineers materials, equipment and surfaces and provides expert services to enable customers to have high-performance products and systems with extended life spans. A leading global technology and engineering group, Oerlikon operates its business in two segments – surface solutions and man-made fibres – and has a global footprint of more than 11,100 employees at 182 locations in 37 countries.
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