#Spinning

2023-05-17

Oerlikon successfully placed CHF 340 million dual-tranche senior unsecured bonds

OC Oerlikon Corporation AG, Pfäffikon ("Oerlikon") announces the successful placement of two series of senior unsecured bonds: CHF 220 million due in June 2026 and CHF 120 million due in October 2029 (together, the "Bonds"). These bonds are to repay outstanding debt and ensure a continued strong financial foundation following the acquisition of Riri.

The coupons have been set at 2.875% per annum for the bonds due 2026 and 3.25% per annum for the bonds due 2029. The coupons for both tranches are payable annually, with the first coupon payable in June 2024 and October 2023 respectively.

An application for the Bonds to be admitted for listing and trading on the SIX Swiss Exchange will be filed, with provisional trading expected to commence on or around May 31, 2023. Settlement date of the Bonds is expected on June 02, 2023.

Commerzbank, Credit Suisse, Bank J. Safra Sarasin, UBS Investment Bank and Zürcher Kantonalbank acted as the Joint Lead Managers and Bookrunners on the offering.

Barmag and Neumag showcase innovations at ITMA Asia

With its product brands Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven, Barmag is presenting itself at this year's ITMA Asia + CITME with innovations in yarn production that are above all one thing: productive and sustainable. From 28 to 31 October this year, the Swiss-based Oerlikon Group company will be showcasing its technologies for the future of yarn production in Singapore in Hall 4, booth C 204.

With its DTY solutions, Barmag is focusing on sustainability

With a clear focus on sustainability, Barmag, a subsidiary of the Swiss Oerlikon Group, is presenting comprehensive solutions from its product brands Oerlikon Barmag and Oerlikon Neumag for DTY and carpet yarn production at the Morocco Stitch & Tex Expo in Casablanca. From May 13 to 15, trade visitors can talk to experts from Barmag and the joint venture BB Engineering (BBE) at the Unionmatex booth (booth B4) to get an idea of the portfolio of the chemical fiber machine manufacturer.

Heimtextil 2026 strengthens the global home textile industry with trends, designs and AI technologies

With an optimised hall layout, progressive design collaborations, inspiring trends and AI-driven innovations, Heimtextil 2026 reacts to the current market situation – and offers the industry a reliable constant in challenging times. Under the motto ‘Lead the Change’, the leading trade fair for home and contract textiles and textile design shows how challenges can be turned into opportunities. From 13 to 16 January, more than 3,100 exhibitors from 65 countries will provide a comprehensive market overview with new collections and textile solutions. As a knowledge hub, Heimtextil delivers new strategies and concrete solutions for future business success.

A circular European value chain turns post-consumer textile waste into new garments for Dutch retailer Zeeman

A closed-loop recycling project has successfully transformed 24 tons of post-consumer textiles into nearly 50,000 garments for Dutch retailer Zeeman, with each product containing a high-rate of 70% recycled content. This achievement represents a major milestone in accelerating textile-to-textile recycling in Europe.

Freudenberg accelerates local production for apparel market by expanding its site in India

Freudenberg Performance Materials Apparel (Freudenberg Apparel) celebrates the grand opening of a major expansion at its manufacturing facility in Chennai, India, on October 14, adding 20,000 square feet of production space and introducing new production lines tailored to the Indian apparel market. This strategic investment is aimed at significantly reducing lead times and enhancing the availability of high-quality, locally produced interlinings for the fast-evolving apparel sector in India and South Asia.