strong growth in Q2/2018
EBIT stood at CHF 26 million (Q2/2017: CHF -2 million). The filament equipment market, led primarily by China, was the main contributor to the very good top-line improvement, and was strongly supported by business wins for texturing, carpet yarn (BCF) and polymer processing equipment and systems. In the Q2/2018, segment sales doubled in China, and tripled in India and North America as compared to Q2/2017.
In the 2nd quarter of 2018 the Manmade Fibers Segment acquired engineering company AC-Automation GmbH & Co. KG, Bernkastel-Kues/Germany, enabling the segment to integrate additional large-scale plant automation solutions for customers in the textile industry. The segment also announced the divestment of its technology solutions for tape and monofilament plants to the Starlinger Group, Vienna/ Austria, allowing the segment to focus on its filament, staple fiber and nonwovens businesses. For its nonwovens business, the segment has received a new order from Germany and foresees a promising pipeline, especially in Europe and Asia.