#Spinning

2013-05-27

Oerlikon, Jinsheng Group and China Development Bank sign agreement in Berlin to support financing

Representatives from Oerlikon, the Jinsheng Group and the China Development Bank (CDB) yesterday signed a Cooperation Framework Agreement (CFA). With this agreement, CDB will provide the financing to the Jinsheng Group for the acquisition of the Natural Fibers and Textile Components Businesses from Oerlikon.

Divestment of the Natural Fibers and Textile Components Business Units

The ceremony took place in the German Chancellery in Berlin in the presence of Angela Merkel, Chancellor of Germany, and Li Keqiang, Premier of the People's Republic of China. Other companies attending the ceremony were Siemens, VW, BMW and BASF.

The agreement to divest Oerlikon Textile’s Natural Fibers and Textile Components Business Units to the Jinsheng Group of China was signed on December 3, 2012: ”I am very pleased that with this agreement we made another major step forward towards the closing of this strategic transaction”, said Oerlikon CEO Jürg Fedier.

Closing is expected in Q2 2013 subject to the merger control approval by the Chinese Ministry of Commerce (MOFCOM). This strategic divestment will allow Oerlikon to focus on its manmade fiber business.

In 2012, the Group recorded sales of approximately CHF 1.1 billion in China which accounted for 28 % of total sales. Oerlikon currently employs more than 2 800 people in China and operates ten Coating Centers and manufacturing plants in five locations serviced by a sales network covering all major cities. “China is one of our most important markets today and we will continue to invest and expand our footprint in this country”, Oerlikon CEO Fedier said.

Oerlikon Manmade Fibers Solutions hosted successful Technology Day 2025 in India

Oerlikon Manmade Fibers Solutions recently hosted its highly anticipated Innovation and Technology Day at the Deltin Hotel in Daman by end of January 2025. The event attracted over 300 participants, including industry experts, partners, and stakeholders, who gathered to explore the latest advancements and trends in the manmade fibers industry in India.

Oerlikon reports third quarter 2024 results, highlights strong execution in a challenging market landscape

In the third quarter of 2024, Oerlikon reported a stable operational Group EBITDA margin, despite challenging market conditions, thanks to a focus on pricing, cost management, and efficiency across both divisions. Group order intake saw a 4% year-over-year decline at constant FX, attributed to temporary market softness in Surface Solutions, while orders in Polymer Processing Solutions showed signs of stabilization.

Nico Pedretti appointed as Managing Director Graf Group

As of June 1, 2026, Nico Pedretti has assumed the role of Managing Director Graf Group. With more than 20 years of international industrial experience and extensive expertise in Operations, Supply Chain Management, Finance and Controlling, he brings a broad range of leadership and business experience to support Graf’s continued success.

Trützschler’s Integrated Draw Frame IDF 3: Unlocking the full potential of short fiber processing

Spinning mills worldwide are looking for solutions that combine higher productivity, stable quality and shorter processes, especially when processing short fibers. Trützschler’s integrated draw frame IDF 3 has proven to be a powerful answer to these requirements. Evaluations from several customer trials in Türkiye under real production conditions highlight the strong performance of the IDF 3, particularly when combined with the next-generation card TC 30i.

Uster FiberQ excels for recycled raw materials too

Uster FiberQ is a complete solution for raw material utilization, supporting spinners to achieve consistent quality and profitability every day, building further growth for the future. The Turkish company ORTA relies on FiberQ with recycled yarn for its denim production. Data-driven knowledge puts the producer in control of raw material utilization – ready to make the correct decisions for process efficiency, quality and productivity.

The heart of the technical textiles and nonwovens world will beat in Istanbul

Only 1 day remains until HIGHTEX 2026 International Technical Textiles and Nonwovens Exhibition opens its doors. Bringing together manufacturers, technology developers, investors, and industry professionals from around the world, HIGHTEX 2026 is preparing to showcase the innovations shaping the future of the industry. As the countdown to this major event continues, Istanbul is once again getting ready to become the meeting point of the global technical textiles industry.

Grasim Industries announces fresh investment of ₹3094 Crore to expand Lyocell capacity

Grasim Industries Limited, the flagship company of the Aditya Birla Group and a global leader in cellulosic fibres, today announced an investment of ₹3,094 crore, for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka. This expansion will consist of 2 lines of 55K TPA (150 Tons per day) each. The first line is expected to be commissioned by 2028, and the second line is expected to be commissioned by 2030.

The future of textiles, the power of trade, and the summit of technology come together at ITM 2026

ITM 2026 International Textile Machinery Exhibition, one of the most prestigious organizations in the textile technologies sector, opens its doors to visitors between June 9-13. Expected to break records in terms of both exhibitor and visitor numbers, as well as the technological vision it presents, ITM 2026 will transform into a global trade hub with machine sales, and new business collaborations.

ATCO Hygienics, Uzbekistan, orders baby diaper production line from ANDRITZ

International technology group ANDRITZ has received an order from ATCO Hygienics to supply a new baby diaper production line for its plant in Tashkent, Uzbekistan. The order is included in ANDRITZ’s order intake for the first quarter of 2026. Commissioning of the production line is scheduled for the end of 2026.