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New chapter opens in history of 160-year old Saurer Group
05
Jul '13
The sale of OC Oerlikon’s Natural Fibre and Components businesses to the Chinese Jinsheng Group, as announced on December 3, 2012 was closed on July 3, 2013. This opens yet another chapter in the 160-year old history of the Saurer Group.

The new Saurer consolidates leading textile brands for both machinery - Schlafhorst, Zinser, Allma, Volkmann, Jinsheng and Saurer Embroidery - and components - Accotex, Daytex, Fibrevision, Heberlein, Temco und Texparts.

The new Saurer Group is one of the world’s largest textile machinery and component manufacturers, with sales around 1 billion Swiss francs and 3‘800 employees. The group has nine locations in Germany, two in Switzerland and six in Asia, close to the main textile markets of the world. The employees will all remain with the group and look forward to starting into the new Saurer era.

“We are proud to continue the long and successful story of Saurer. The brands within the Saurer Group stand for innovation and highest product quality in the Chinese market”, says Mr. Pan with a hint of pride in his voice.

As the long-term co-operation partner of the Saurer Group and owner of several textile businesses, he has extensive knowledge of the textile industry. Mr. Pan sees himself as a strategic investor, and his view is to further strengthen the market position for the sustainable future of the group. “We will increase our investments in R&D in Germany and Switzerland. This know-how is the base for our technology leadership today and we intend to stay ahead”.

Heinrich Fischer, Swiss citizen, and former CEO of the Saurer Group, is heading the new Saurer as the chairman of the board. Further notable personalities who will join the board are Hans-Georg Härter, former CEO of ZF, Rudolf Huber, former CFO of Geberit and Guido Spix, CTO of Multivac.

Next to Xueping Pan, main investor, and Jesse Guan, CEO of the machinery business unit of Jinsheng Group, the board will be extended by two to three Chinese personalities. Daniel Lippuner, Swiss citizen, and former CEO of Oerlikon Textile Components, has been appointed CEO of the Saurer Group.

Saurer will be managed from two locations; operationally from the headquarters in Wattwil, Switzerland and financially from the second headquarters in Shanghai, China. The group will have a strong de-central organization, allowing decisions to be made close to customer with minimal implementation time. The five business units are the back bone of the Saurer Group.

The employees of all the business units are doing their utmost to further strengthen the position of Saurer as a leading textile machinery manufacturer, exceed the expectation of the customers with excellent service and innovative products – we live textile.

About Saurer Group:

The Saurer Group is a leading textile industry group mainly specializing in machinery and components for yarn processing. The Group unites the brands Schlafhorst, Zinser, Allma, Volkmann, Saurer Embroidery, Accotex, Daytex, Fibrevision, Heberlein, Temco and Texparts. With around 1 billion CHF annual sales and 3.800 employees and locations in Switzerland, Germany, Turkey, Brazil, Mexico, USA, China, India and Singapore, the group is well positioned to serve world’s textile industry centres.

Saurer Group

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