Home / Knowledge / News / Textiles / Oerlikon opens office in Moscow for better prospects
Oerlikon opens office in Moscow for better prospects
Apr '08
With official opening of their office in Moscow, the Oerlikon Group is underlining their intention to target the Russian market in the future.

Business relationships have already been initiated with a current turnover of approx. CHF 50 million. "Russia and the Commonwealth of Independent States offer great potential for us in the medium and long-term.

Our portfolio of industrial high-tech solutions, the dynamics of the Russian national economy plus a close partnership with our investor Renova provide optimal pre-requisites for rapid expansion into this important economic zone", says Dr. Uwe Krüger, CEO of Oerlikon.

"Oerlikon is an important partner in the development of a Russian high tech industry", says the Chief Investment Officer of the Renova Group and Vice-President of the Board of Directors of OC Oerlikon, Vladimir Kuznetsov.

With 170 locations in 35 countries, Oerlikon is very well represented globally. The company has grown strongly in the past few years especially in the Asian region, almost 40 per cent of its turnover being produced in the Far East.

Eastern Europe and Russia in particular still have a great deal of development potential. "The Russian national economy finds itself in a fundamental change with the high tech sector gaining more and more importance", states Kuznetsov.

The Russian national economy has been growing in the last few years at a rate of 6 - 7 per cent per year. In 2007, foreign investment in the Russian economy amounted to USD 82.3 billion.

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Veronique Lee

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

Ashok Desai
Bombay Textile Research Association

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

Sonam & Paras Modi

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search