Oerlikon has received new large orders for manmade
fibers production solutions from three of the world’s leading manmade fibers 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 fibers. The three projects have a total value of more than CHF 600
million (€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.
The largest order ever received by Oerlikon
Barmag
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 (€282 million), is the largest order ever received by Oerlikon Barmag,
based in Remscheid, Germany.
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.
Georg Stausberg, CEO of Oerlikon’s Manmade
Fibers Segment, said: “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.”