Oerlikon Reports Large Man-made Fiber Contracts

Switzerland-based  Oerlikon reports it has received two large orders totaling approximately $562 million from two of the top 10 global man-made fiber manufacturers both located in China.

The orders, for Barmag’s WINGS POY and Wings FDY polyester yarn spinning technology, will be delivered in 2019 and 2020 as part of a two-year delivery plan.

“These orders confirm the strong recovery in the filament equipment market and the continued trust our market-leading customers have in us and our technologies,” said Dr. Roland Fischer, CEO, Oerlikon Group. “Given the size of these contracts and Oerlikon’s strong manmade fibers project pipeline, we expect the Segment’s business to continue developing well and the mid-term prospects to remain positive, with the opportunity to structurally converge the Segment’s business toward mid-teens EBITDA margin again.”

January/February 2018