In 2018 the Manmade Fibers Segment of technology group Oerlikon Management AG, Pfäffikon/Switzerland, posted record-level sales and operating profitability improvement. Segment order intake increased by 44.8% to CHF1.16 billion. Sales jumped 57.3% in 2018 to CHF1.1 billion.
These results reflected a healthy demand in the segment’s core filament equipment market for fibers, which consequently boosted orders and sales for texturing systems. The EBIT stood at CHF106 million in 2018 (2017: CHF33 million).
In the USA, the robust demand for carpet yarn equipment also contributed to the strong performance. Additionally, the segment’s nonwovens business posted an impressive increase in sales in 2018, underlining its initial success in establishing a foothold in this market.
The segment experienced growth across all its key regional markets, most notably in China, the USA and Latin America. The segment continued to gain market share and generated a robust order pipeline with deliveries into 2021, laying the groundwork for sustaining a high level of top-line results over the next few years.