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Oerlikon strengthens its presence in China
16 Nov '07
3 min read
With the opening of the new coating center in the Suzhou Industrial Park near Shanghai and the expansion of the existing textile machine factory, Oerlikon is strengthening its presence in the Chinese market.
The company is ensuring that profitable growth will continue in that region and in Asia as a whole. „We are extending our presence in the Chinese growth market with targeted investments and with state of the art cost efficient production plants“, said Dr. Uwe Krüger, Oerlikon's CEO.
The synergies with the textile machine business can be fully utilized by collocating the new coating center on the same campus.
China's share of sales in the Oerlikon Group lies at 17 percent in the first nine months of 2007 (Asia: 37 percent) and is approaching CHF 1 billion for the whole year (Asia: over CHF 2 billion).
Both Oerlikon's textile and coating sectors can look back on a success story of about 20 years in Asia and China. Already in 1984 Oerlikon Textile closed first cooperationcontracts with Chinese machine construction companies and became a favored partner by delivering machines for the uprising Chinese manmade fiber industry.
In 1997, Oerlikon Balzers opened the first coating center in the Far East – in the meanwhile Oerlikon has a total of 18 coating centers in Asia, three of which are in China.
After the foundation of several Joint Ventures with Chinese partners in the early nineties, Oerlikon Textile opened 2001 its first own factory in Suzhou, China, and in 2006 one of the largest and most modern production plants for textile machines with 70,000 square meters of floor space was finished.
The company is ensuring that profitable growth will continue in that region and in Asia as a whole. „We are extending our presence in the Chinese growth market with targeted investments and with state of the art cost efficient production plants“, said Dr. Uwe Krüger, Oerlikon's CEO.
The synergies with the textile machine business can be fully utilized by collocating the new coating center on the same campus.
China's share of sales in the Oerlikon Group lies at 17 percent in the first nine months of 2007 (Asia: 37 percent) and is approaching CHF 1 billion for the whole year (Asia: over CHF 2 billion).
Both Oerlikon's textile and coating sectors can look back on a success story of about 20 years in Asia and China. Already in 1984 Oerlikon Textile closed first cooperationcontracts with Chinese machine construction companies and became a favored partner by delivering machines for the uprising Chinese manmade fiber industry.
In 1997, Oerlikon Balzers opened the first coating center in the Far East – in the meanwhile Oerlikon has a total of 18 coating centers in Asia, three of which are in China.
After the foundation of several Joint Ventures with Chinese partners in the early nineties, Oerlikon Textile opened 2001 its first own factory in Suzhou, China, and in 2006 one of the largest and most modern production plants for textile machines with 70,000 square meters of floor space was finished.
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