#Business

2013-04-05

Oerlikon Board of Directors nominates Mikhail Lifshitz as new Board member

Ahead of its upcoming Annual General Meeting of Shareholders to be held on April 30, 2013, Oerlikon’s Board of Directors today announces that they will propose to the General Meeting of Shareholders to reelect Kurt J. Hausheer, Gerhard Pegam, Carl Stadelhofer, Tim Summers and Hans Ziegler, and to elect Mikhail Lifshitz as a new member of the Board of Directors of OC Oerlikon Corporation AG, Pfäffikon.

Mr. Mikhail Lifshitz (born 1963, Russian citizen) is currently Director High-tech Assets Business Development of the Renova Group (since 2009), CEO of ROTEC, a company of the Renova Group which provides engineering services in the power sector (since 2010), and Chairman of the Board of Ural Turbine Works, a company of the Renova Group (since 2012). In addition Mikhail Lifshitz is Chairman of the Board of Technopark Skolkovo, Board member of DATADVANCE (an EADS company) and Owner of “Global Edge” Group of Companies, where he served as President from 2001 – 2009.

Mr. Lifshitz holds a graduate degree in Electronic Engineering from Moscow State Technical University.

As previously announced, Wolfgang Tölsner and Reyad Fezzani have decided not to stand for reelection. After the election of the proposed Board candidate, Oerlikon’s Board of Directors would comprise six members of whom three (Kurt J. Hausheer, Gerhard Pegam and Hans Ziegler) are not affiliated with the Renova Group, and three (Tim Summers, Carl Stadelhofer and Mikhail Lifshitz) are affiliated with Renova, currently Oerlikon’s largest shareholder.

Barmag and Hitech Automation enter into partnership for an auto-doff system for texturing machines

Barmag (Suzhou) Technology Co., Ltd. and Hitech Automation Solutions PVT LTD. of Surat, India, have agreed to an exclusive partnership to jointly market Hitech’s Doffmatic automation solution for Barmag’s proven manual eFK texturing machines. In many texturing facilities, manual doffing processes remain heavily operator-dependent – resulting in issues such as increased scrap, inconsistent quality, and limited productivity.

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.

BTMA backs global growth while investing in future UK leaders

As one of a number of new initiatives launched this year, the British Textile Machinery Association (BTMA) is launching the UK-India Textile Machinery Coalition. The UK-India Free Trade Agreement, signed in July 2025, has implications that extend across sourcing, competitiveness and long-term trade dynamics, believes BTMA CEO Jason Kent.

Sandler turns financial stability into a catalyst for shaping the future

The Sandler Group has presented its financial figures for the past fiscal year (01/01/2025-12/31/2025). Like previous years, the year 2025 was also marked by industry-wide structural challenges and geopolitical uncertainties. Turnover was virtually stable at EUR 321 million (2024: EUR 326 million). High energy costs continue to weigh heavily on profitability. The number of employees was 975 (2024: 980). The family-owned company, which was founded in 1879 and has been run by the fifth generation since August 2025, continues to invest millions in its Schwarzenbach site despite the high production costs in Germany. As part of the long-term corporate strategy, the management team is focusing on strict cost management, further development of the product portfolio, and greater efficiency in production and administrative processes. The company does not expect a market recovery in 2026 and 2027.

Rieter advances strategic repositioning amid market volatility

Rieter successfully completed the acquisition of Barmag on February 2, 2026, and reached an important milestone in the company’s repositioning. Barmag will be integrated into the Rieter Group as the “Man-Made Fiber” Division. With this strategically transformative acquisition, Rieter is expanding its core business beyond the short-staple fiber business in a targeted way. This positions Rieter as the global market leader along the entire value chain for natural and man-made fibers. In addition, as a complete systems supplier, Rieter is further strengthening its technological leadership in the areas of automation and digitization.

Huixing acquires insolvent Mayer & Cie.

Insolvency proceedings for the circular knitting and braiding machine manufacturer Mayer & Cie. were opened on December 1, 2025. Immediately following the opening of proceedings, the complete cessation of business operations was initiated. Most employees were subsequently given notice effective the end of February 2026. The production of the remaining orders in the circular knitting segment is expected to be completed by the end of the month. As early as December 2025, Mayer & Cie.’s braiding machine division was sold to an Italian investor.

Mario Jorge Machado re-elected President of EURATEX

The EURATEX General Assembly has re-elected Mario Jorge Machado as President of EURATEX, renewing its confidence in his leadership at a crucial moment for the European textile and clothing industry. The sector is facing rising costs, global competitive pressure and an increasingly challenging transition towards sustainability and digitalisation.

ITM 2026 makes happy participants with its international and qualified visitor profile

ITM 2026 International Textile Machinery Exhibition, one of the most prestigious meeting points of the textile machinery sector, attracted attention in its first three days, particularly with its diverse international visitor numbers. Industry professionals from all over the world had the opportunity to closely examine the latest technology machines and solutions displayed in operation. Thousands of visitors from approximately 100 countries, primarily Egypt, Pakistan, India, Uzbekistan, Syria, Turkmenistan, Tajikistan, Morocco, Algeria, and Tunisia, met at the Tüyap Fair and Congress Center for new investment and cooperation opportunities.

KARL MAYER presents a textile TEXTRONIC® innovation at ITM 2026

With highly efficient machines and continuous textile innovations, KARL MAYER underscores its role as a reliable partner for discerning top-tier customers. Just in time for ITM 2026 in Istanbul, the industry leader is introducing a true innovation: an eyelash lace with its characteristic fringed look – combined with a previously unattainable 4-way stretch. While the established fabric could until now only be produced as rigid version or with one-dimensional stretch, the new elasticity in both dimensions expands the possibilities for cross-band panel fabrics.