Home / Knowledge / News / Textiles / Oerlikon Textile up for sale

Oerlikon Textile up for sale

17
Jul '09
Oerlikon Textile, which is one of the leading suppliers of textile and nonwovens production machinery, has been put up for sale by its owners. Oerlikon Textile is a division of the Switzerland based, Oerlikon Group.

Fibre2fashion spoke to Mr Andre Wissenberg in the Corporate Communications Department of Oerlikon Group, who confirmed the news. Oerlikon Textile has interests in many textile machinery segments, like ring spinning, nonwovens, embroidery, etc.

The main reason for the sale of its textile division is to concentrate and focus on its other divisions that manufacture machinery for making thin-film silicon solar modules and coatings and industrial vacuum systems, which are small but profitable.

Neumag, the nonwovens business unit of the company is a one stop shop for all nonwoven machinery and processes and its unique portfolio of key technologies, enables it to provide turnkey Airlaid, Carding and Spunbond lines.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Aug 2019

US firms told to leave PRC after tariff hike announcement

China on August 23 announced tariff hikes on $75 billion worth US...

Finance minister Nirmala Sitharaman addressing a press conference. Pic: PIB

Textiles | On 24th Aug 2019

Pending GST refunds for MSMEs within 30 days: Indian FM

All pending goods and services tax (GST) refunds that are due to...

Pic: Shutterstock

Retail | On 24th Aug 2019

Amazon to acquire 49% stake in India’s Future Coupons

US e-commerce company Amazon has agreed to make an equity investment...

Interviews View All

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

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


August 2019

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

news category


Related Categories:

Advanced Search