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Oerlikon Textile Orders Rebound

Oerlikon Textile GmbH, Germany, has reported an uptick of more than 50 percent in orders and 20 percent in sales of textile machinery and components during the third quarter of 2009 compared to the second quarter, indicating an accelerating recovery from the drastic declines seen in the first half of 2009 (See " OC Oerlikon Names Ziegler Acting CEO," News, September/October 2009).  The increases are attributed primarily to the Oerlikon Barmag, Schlafhorst and Textile Components businesses. The company reported growth particularly in the Chinese market, as well as the Indian and Vietnamese markets; and expects continued growth in volume in the fourth quarter of 2009.

November/December 2009