Home / Knowledge / News / Textiles / New chapter opens in history of 160-year old Saurer Group
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


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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

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

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