Barmag takes over Neumag

100 % of Neumag (Neumünstersche Maschinen und Anlagen GmbH), which is domiciled in Neumünster. The take-over still needs approval by the supervisory bodies as well as the Cartel authorities. No details will be published about the terms of the contract.By extending its product range to include staple fibre technology, the Saurer Group has succeeded in completing the range of machines processing man-made fibres within Barmag AG.Neumag, world market leader in the synthetic staple fibre segment, with approximately 500 employees and a turnover of some DM 195 million, recorded a net income for 1998/99 of DM 9 million. Staple fibres are used to manufacture non-woven fabrics, home textiles and textile clothing.Through the close cooperation between the two companies, Saurer Group hopes to gain in particular synergies in technological developments, in worldwide marketing as well as sharing mutual production platforms.Further questions may be addressed to:SaurerGroup Management AGDr. Carole AckermannPhone +41-71-447 52 72 or +41-79-358 87 57 ded a net income for 1998/99 of DM 9 million. Staple fibres are used to manufacture non-woven fabrics, home textiles and textile clothing.Through the close cooperation between the two companies, Saurer Group hopes to gain in particular synergies in technological developments, in worldwide marketing as well as sharing mutual production platforms.Further questions may be addressed to:SaurerGroup Management AGDr. Carole AckermannPhone +41-71-447 52 72 or +41-79-358 87 57