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Oerlikon MMF order intake up 43.5% in Q1 2017
May '17
Leading global technology group Oerlikon Group has announced that its order intake for man-made fibre (MMF) increased from CHF 124 million in Q1 2016 to CHF 178 million (approx. $179 million) in Q1 2017, recording an increase of 43.5 per cent. The recovery of the filament equipment market was the main driver for the segment's significant growth in orders.

The over 40 per cent increase in order intake was also fortified with positive demand in the staple fibres market, for bulked continuous filaments systems (BCF – carpet yarn) including strong after-sales activities, and for texturing technologies for installed partially oriented yarn (POY) systems.

Sales came in lower year-on-year at CHF 106 million as a number of projects are still ongoing. Due to the lower year-on-year sales, EBITDA was around 100 per cent lower than in the previous year.

"We have begun the year on a strong note with all our segments and businesses realising good results. In our man-made fibers business, orders increased significantly, confirming the reviving investment climate in the filament equipment market," said Dr Roland Fischer, CEO of the Oerlikon Group.

The segment expects to see ongoing positive development in the filament equipment market as well as in its other end markets. The segment is ramping up its capacity to meet increasing demand while still maintaining flexibility and cost discipline.

In the first quarter, the segment entered into a strategic partnership with the Italian company Teknoweb Materials, aimed at extending its nonwovens production systems portfolio to include the attractive high-growth market for disposable nonwovens. (KD)

Fibre2Fashion News Desk – India

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