#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.

Seamless Splicer to headline Mesdan S.p.A. presentation at ITM 2026

MESDAN S.p.A. will once again participate in ITM 2026, Turkey’s most important textile trade fair. The Italy-based leading manufacturer of yarn joining solutions and textile testing equipment,will be exhibiting at the booth of their local agent for the spinning, SARTEKS MAKINA at Hall 7, Stand 701A.

BB Engineering unveils new, patented “Val-uePack” spin pack at ITM

At the upcoming ITM in Istanbul, taking place June 9–13 at the Tüyap Fair Convention and Congress Center in Hall 7, Booth 702B, BB Engineering will once again be represented at a joint booth with its parent company, Barmag, and its representative, Tekstil Servis. The German machine manufacturer will show-case its expertise in man-made fiber and recycling technology, presenting its entire product portfolio, which includes compo-nents such as extruders and filters, as well as complete sys-tems for spinning synthetic fibers, air-texturing, and PET recy-cling.

FET’s revolutionary gel spinning system wins Techtextil Innovation Award

FET has received the prestigious Techtextil Innovation Award 2026 in the New Production Technology category. The Techtextil Innovation Award honours outstanding ideas in textile technology, sustainability, AI and the creation of technical textiles, selected by an international jury of experts. Ranging from new materials to new production technologies, this award recognises progressive ideas that are driving forces for numerous industries, such as automotive, medical and construction.

Elastic yarns to become more recyclable and environmentally friendly in future

On 29 April 2026, ITA student Tobias Dickmeiß was awarded a sponsorship prize by the Wilhelm Lorch-Stiftung for his innovative approach, to replacing conventional elastane with elastic yarns made from thermoplastic copolyester elastomers (TPC). Thanks to their thermoplastic nature and compatibility with typical polyesters used in the textile industry, elastic TPC yarns offer improved recyclability. Furthermore, the use of the melt-spinning process in yarn production eliminates the need for solvents that are harmful to the environment and human health.

HIGHTEX 2026 technical textile and nonwoven industry to gather in Istanbul

Between 9–13 June 2026, the HIGHTEX 2026 exhibition, held at the Tüyap Fair and Congress Center in Istanbul and organized concurrently with ITM 2026, is preparing to become one of the most significant global gatherings of the technical textiles and nonwoven industry. Bringing together more than 1,000 companies and agency representatives from 55 countries, the event will unite the latest technologies, innovative solutions, and investment opportunities within a single platform.

The most comprehensive platform bringing together global textile investors: ITM 2026

ITM 2026, the world's second-largest exhibition in textile technologies, is preparing to open its doors in Istanbul as the 'most comprehensive', 'most accessible', and 'most secure' international platform for global textile investors. With over 1000 companies and company representatives from 55 countries, ITM 2026 will transform into a hub for global trade, attracting thousands of professional visitors, generating machinery sales, and fostering new business collaborations.