Chinese manmade fibres manufacturers turns to Oerlikon

The orders include Oerlikon Barmag’s leading yarn spinning technology for efficient and sustainable polyester production, and the solutions will be used along the polyester production value chain, writes Oerlikon in a statement.

Both Chinese companies will use the technology to upgrade their existing yarn manufacturing capacities for the production of polyester at their respective sites in Zhejiang province in China. The two contracts have a total value of around 540 million Swiss francs, and the solutions will be delivered in 2019 and 2020. 

According to Oerlikon CEO Roland Fischer, the new orders confirm the strong recovery in the filament equipment market.

“Given the size of these contracts and Oerlikon’s strong manmade fibres 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.”