Wanjie Group from China concludes major order with Oerlikon Neumag

Neumünster, (PresseBox) - During the visit of the vice prime minister of China, Li Keqiang to Berlin, Germany, on January 7th 2011, the company Wanjie Group signed a major order with Oerlikon Neumag for the supply of machines and plants for the production of polyester staple fibers in the presence of Germany's foreign minister Mr. Guido Westerwelle.

Together with another five German companies, amongst others Volkswagen AG and Daimler AG, contracts amounting to approximately 4.6 billion Euro were concluded with Chinese representatives, during a meeting at the Foreign Office.

Apart from the supply of machines and plants for the production of polyester staple fibers, the order amounting to tens of millions, also includes all the necessary engineering services under Oerlikon Neumag's supervision and coordination. The plant will be erected in Zibo City, Shandong Province, at the end of 2011 and should be starting with the production of fibers for the textile industry in the first half of 2012.

In Shandong Province, which is the main region for cotton cultivation and processing in China the Wanjie Group has the largest market share of the staple fiber production for textile applications. "We have great confidence in companies like Oerlikon Neumag", emphasised the Chairman of the Wanjie Group Sun Qiyu. "From past orders, we know the smooth project procedure, the high-performance machines and the unproblematic production of high-quality fibers which is guaranteed when purchasing an Oerlikon Neumag plant".

"The Chinese market is highly competitive especially for us as plant manufacturers", said the Business Unit Head of Oerlikon Neumag, Georg Stausberg. "For the Oerlikon Textile Business Unit Oerlikon Neumag with an export share of nearly one hundred per cent for synthetic staple fiber plants, we are extremely pleased about this order from China which is one of the fastest economically growing country worldwide. With each new project from China, we can learn from our important trading partner in order to, in future, also be able to act competitive in the global market", said Thomas Babacan, CEO of Oerlikon Textile and COO of OC Oerlikon.

The segment for staple fiber equipment of Oerlikon Neumag had a successful year 2010 with projects like the worldwide first plant with a daily capacity of 300 tons or compact machines for the production of specialty fibers (bicomponents). All in all, in 2010, staple fiber plants with more than half a million tons annual capacity were sold worldwide by Oerlikon Neumag.

OC Oerlikon Management AG, Pfäffikon

Oerlikon (SIX: OERL) is a leading high-tech industrial group specializing in machine and plant engineering. The Company is a provider of innovative industrial solutions and cutting-edge technologies for textile manufacturing, thin film coating, drive, vacuum, solar energy systems and advanced nanotechnology. A Swiss company with a tradition going back 150 years, Oerlikon is a global player with around 16,000 employees at over 150 locations in 36 countries and sales of CHF 2.9 billion in 2009. The Company invests more than CHF 200 million annually in R&D, with over 1,200 specialists working on future products and services. The operative businesses rank either first or second in their respective global markets.

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