#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.

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.

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.

Measure and control the fiber – optimize yarn quality

Producing consistent yarn quality is an everyday challenge – and a very difficult one. Detailed knowledge and understanding of the fiber raw material is absolutely critical to achieving the best possible quality in the yarn. To help spinners, Uster experts have put together guidelines for avoiding yarn irregularity claims, in a special edition of the Uster News Bulletin.

Rieter responds to higher raw material prices

Global political and economic developments have been leading to rising raw material and energy costs for some time. The textile machinery industry is also affected by this trend. Rieter machines and components consist to a large extent of steel, copper, aluminum and electronics. These materials in particular have seen higher demand and higher prices in recent months.

Selenis to double capacity in Portugal by Q3 2027 - Accelerating the Global transition to circular and low-carbon polyesters

Selenis, a global leader in high-performance specialty polyesters and part of the IMG Group, has announced a transformational expansion of its industrial headquarters in Portalegre, Portugal. This strategic investment is set to double the site’s production capacity by the third quarter of 2027, significantly accelerating the industrial scale-up of bio-based, medical-grade, and circular co-polyesters.

Independent testing confirms no detectable PFAS in Milliken firefighter turnout gear fabrics

Independent laboratory testing has confirmed that Milliken fabrics used in the manufacturing of firefighter turnout gear contain no detectable PFAS, based on third-party analysis conducted by Forever Analytical, an independent laboratory specializing in screening products and environmental samples for the presence of per- and polyfluoroalkyl substances (PFAS).

Intertextile Shanghai Home Textiles returns in August as global sourcing hub and trend barometer for home textiles industry

Following the conclusion of Heimtextil last month, the flagship fair in Messe Frankfurt’s global home and contract textiles portfolio, Intertextile Shanghai Home Textiles – Autumn Edition will return 18 – 20 August 2026 at the National Exhibition and Convention Center (Shanghai). Building on the momentum generated in Frankfurt, the Shanghai fair will reinforce its position as the foremost home and contract textile platform in Asia – successfully bridging the gap between East and West, and connecting global product trends, supply-chain shifts, and buyer demand in one marketplace.

Express Print boosts production using an expanded fleet of Mimaki technologies

Express Print, a fast-growing Bulgarian provider of visual communication and soft signage solutions, has significantly enhanced its production workflow with a comprehensive portfolio of Mimaki digital printing systems. Based in Varna and active for more than 10 years, the company maintains a strong focus on the advertising sector. Over the years, it has steadily expanded its operations, driven by a clear vision to bring the full spectrum of large-format printing services in-house, avoiding outsourcing and ensuring complete control over production quality.