Oerlikon divests natural fibers and textile components business units to Jinsheng Group, China

摘要

The Oerlikon Group has signed an agreement with the Jinsheng Group of China to divest the Natural Fibers and Textile Components Business Units from its Textile Segment. "This transaction is a further milestone in balancing the Oerlikon portfolio. It significantly reduces our overall exposure to the textile industry and allows us to focus on the less cyclical, higher margin manmade fibers business, which will deliver sustainable benefit to our shareholders, customers and employees," said Michael Buscher, CEO of Oerlikon.