Driven by a high demand for filament and plant engineering solutions especially in China, the Polymer Processing Solutions Division of Oerlikon Management AG, Pfäffikon/Switzerland, delivered another strong quarter. Consequently, sales in H1/2021 increased by 26.4 % to CHF 572 million and order intake rose by 21.1 % to CHF 618 million. EBIT in Q2/2021 was CHF 38 million or 12.2% of sales (Q2/2020: CHF 30 million, 12.1%).
The good result was achieved in particular due to demand for filament and plant engineering solutions in China, including staple fibers and continuous polycondensation plants. The carpet yarn market in the U.S. noted initial signs of recovery in the 2nd quarter.
The acquisition of INglass SpA, San Polo Piave/Italy, completed in the beginning of June 2021, accelerated Oerlikon’s strategy of diversifying its polymer processing business into non-filament areas, such as hot runners and engineering and consultancy services for developing advanced polymer processing products.