Large manmade fibers orders in China
All 3 companies are based in China and have been key customers of Oerlikon for many years. The orders are for Oerlikon Barmag’s world leading filament-spinning technology for the highly efficient production of polyester fibers. The 3 projects have a total value of more than CHF 600 million (€ 565 million). A very small proportion of these projects will be recognized in Oerlikon Group’s order intake in 2020, and the majority will be accounted for in 2021 and 2022. On-site delivery and installation of these systems is planned for the period from 2021 to early 2023.
The systems business in China remains largely unchanged despite the short-term interruption caused by the corona virus epidemic following the Chinese New Year celebrations.