Home / Knowledge / News / Textiles / Oerlikon opens Chinese headquarters in Shanghai
Oerlikon opens Chinese headquarters in Shanghai
19
Jun '12
Swiss multi-national high-tech group Oerlikon announced the official opening of its new headquarters in Shanghai. The Chinese headquarters will consolidate the Company’s eight offices currently in operation in Shanghai and unite all five business Segments under one roof.

Oerlikon’s global CEO, Michael Buscher, who attended the opening, said, “China has become Oerlikon’s most important market. The opening of our new Chinese headquarters marks another milestone in the Group’s successful expansion strategy in Asia and is designed to spur further growth in the country. We have a strong commitment to China and we have demonstrated this through our investment of more than CHF 38 million (RMB 254 million) in China over the last three years,” Mr. Buscher said.

Significantly, the new Shanghai building will be the global headquarters of Oerlikon Textile, the largest Segment of the Company. This will allow the global textile business to be directly led from Shanghai and for innovation created originating in China to be rolled out into other important markets. As announced in November last year, the Segment’s activities will be directly led from the largest and most important textile market in the world by Clement Woon, a Singapore native. By the end of 2012, 40 % of Textile’s senior management will be based at the new headquarters in Shanghai.

The Company’s systematic focus on the growth markets of Asia has made a significant contribution to Oerlikon’s positive business development in recent years. In 2011, the Group generated 28 % of its total sales, or CHF 1.2 billion (RMB 7.9 million), in China, a growth rate of 32 % compared to 2010 and 138 % compared to 2009. In 2011, Asia overall was responsible for 49 % of Oerlikon’s total sales. In Q1 2012, the Group’s growth rate of 6 % was significantly supported by China – with sales up 22 % compared to Q1 2011.

Oerlikon has a long history of successful operation in China. Oerlikon Textile has been present in China since the 1960s. Some of the long term investments in China in recent years have been: the textile Segment’s opening of its Suzhou production site in 2005, Oerlikon’s largest production facility in China; Oerlikon Coating’s opening of two new coating centers in Jinan and Chongqing in 2011 bringing the total number to nine; and the more recent tripling of capacity at the Suzhou site. In 2012, Oerlikon Drive Systems began production operations at its first factory in Suzhou and Oerlikon Vacuum boosted capacity at its production site in Tianjin by about 30 %. As it stands today, Oerlikon employs approx. 2 500 people throughout China.

“Oerlikon’s new headquarters in Shanghai also reflects how the Chinese economy has developed from a source of low cost production to a market with more developed and technology driven industries. To benefit from this trend, Oerlikon is not only enhancing its production capabilities in China step by step with engineering know how but is also developing China as a source of new technologies to benefit its business globally,” said Mr. Buscher. “There is still huge potential in the Chinese market which we have not developed yet. The new headquarters gives us an additional push to take advantage of this very significant opportunity”, Mr. Buscher said.

Oerlikon


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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