Oerlikon Has Now Become The Leader In Staple Fibres Market
Oerlikon has signed an agreement to acquire the entire staple fibers technology portfolio of Truetzschler Nonwovens & Man-Made Fibers GmbH, Egelsbach, Germany, which is a specialist in fiber preparation for the yarn spinning and nonwovens industries. The acquisition expands the Manmade Fibers Segment’s technology portfolio and opens up access to new customers in the market for synthetic staple fibers. Oerlikon is strengthening its technology and market position in its core business areas by taking advantage of the ongoing consolidation in the chemical fibers market, which was triggered by the market downturn in China. With the acquisition of the former Fleissner staple fibers technology portfolio and the intellectual property (IP) of Truetzschler Nonwovens & Man-Made Fibers GmbH, the segment becomes the leading technology and equipment provider in the global staple fibers market. The acquisition expands the Manmade Fibers Segment’s staple fibers technology expertise and broadens the segment’s customer base and service business in the respective areas. Both parties have agreed not to disclose details of the transaction. Dr. Roland Fischer, CEO of the Oerlikon Group said, “The acquisition of the staple fibers technology portfolio of Truetzschler is another important step in line with our strategy to strengthen our position outside the filament business, where we occupy a leading technology and market position.
The ongoing consolidation in the chemical fibers market presents interesting opportunities and we are taking this step to ensure that the Manmade Fibers Segment will merge stronger from the current market weakness and profit from the positive long-term market perspectives.” Georg Stausberg, CEO of Oerlikon’s Manmade Fibers Segment said, “The former Fleissner staple fibers technology portfolio of Truetzschler Nonwovens & Man-Made Fibers GmbH is an ideal fit for our business. It enhances our existing technology offering and broadens our service business. Furthermore, it opens up attractive business opportunities with key customers in that field. Combining the staple fibers process solutions and key components of both companies will enable us to increase customer value through developing further innovations. In addition, we will be able to offer the entire range of customer services for all installed machines and plants of the former Fleissner staple fibers technologies.”