Oerlikon has received new large orders for manmade fibers production solutions for three of the world’s largest manmade fiber manufacturers, all based in China. The orders are for Oerlikon Barmag’s world leading filament spinning technology for the efficient production of polyester fibers. Together the projects have a value of more than $550 million. The majority of the projects will impact Oerlion’s 2021 and 2022 results but a small percentage will affect 2020’s order intake.

The systems business has remained largely unchanged despite the short-term interruption caused by the coronavirus epidemic following the Chinese New Year celebrations. Long term project planning has resulted in new orders.

“These three orders show that the Chinese textile industry continues to place its trust in the world market – and in Oerlikon. They make it clear that globally interconnected industries such as the textiles industry and business models like that employed by the Manmade Fibers Segment are more robust than many people believe,” says Dr. Roland Fischer, CEO Oerlikon Group. Georg Stausberg, CEO of Oerlikon’s Manmade Fibers Segment, adds, “That these customers repeatedly select Oerlikon is primarily linked to our innovative technologies but also due to the fact that we have been handling these extensive projects flexibly and reliably for decades and also mastering challenges that, like today, arise from global epidemics causing temporarily interruptions for production sites and logistics.”