Home / Knowledge / News / Oerlikon divests natural fibre & components business
Oerlikon divests natural fibre & components business
04
Dec '12
The Oerlikon Group has signed an agreement with the Jinsheng Group of China to divest the Natural Fibers and Textile Components Business Units from its Textile Segment. The divestment is an important strategic step to optimize and balance Oerlikon’s portfolio by significantly reducing the Group’s overall exposure to the textile industry. 
 
Oerlikon’s Textile Segment will focus on the manmade fiber business, a high performing segment with less cyclicality. The transaction is based on an enterprise value of around CHF 650 million and is expected to close in Q3 2013.
 
Oerlikon CEO Michael Buscher said: ”This transaction is a further milestone in balancing the Oerlikon portfolio. It significantly reduces our overall exposure to the textile industry and allows us to focus on the less cyclical, higher margin manmade fibers business, which will deliver sustainable benefit to our shareholders, customers and employees." 
 
The divestment of the Natural Fibers and Textile Components Business Units considerably reduces Oerlikon Group’s exposure to the global textile business, whilst retaining and building on its position as a world leader in the manmade fibers segment. 
 
With sales of CHF 2.0 billion in 2011, the Textile Segment represented 53 % of total restated Group sales (excluding the recently divested Solar business). The Business Units being sold accounted for sales of CHF 1.1 billion in 2011 and employ around 3 800 employees. After the divestment, the restated share of revenues from the textile sector will be around 33 % of total Group sales.
 
Oerlikon is a leading high-tech industrial group specializing in machine and plant engineering. The Company is a provider of innovative industrial solutions and cutting-edge technologies for textile manufacturing, drive, vacuum, coating, and advanced nanotechnology. 
 
A Swiss company with a tradition going back over 100 years, Oerlikon is a global player with nearly 17 000 employees at over 150 locations in 38 countries and reported sales of CHF 4.2 billion in 2011. The Company invested in 2011 CHF 213 million (reported) in R&D, with over 1 200 specialists working on future products and services. In most areas, the operative businesses rank either first or second in their respective global markets.
 
Oerlikon’s Manmade Fibers Business Unit with its brands Oerlikon Barmag and Oerlikon Neumag is the
worldwide leading supplier for innovative solutions for chemical fiber production that meets requirements for productivity, quality and lower conversion costs. 
 
In addition to filaments and staples solutions it also offers solutions for Nonwoven and BCF carpet yarn technology. Its technological leadership and strong market position have resulted in an exceptionally strong order book which already contains orders for equipment delivery in 2015.
 
The Jiangsu Jinsheng Group was established in the year 2000 in the Jintan Economic Development Zone
of Jiangsu Province. The Jinsheng Group is now a leading manufacturer of high-end CNC machines &
tools, regenerated cotton fiber as well as saliva based test technologies. 
 

The Oerlikon Group


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search