China-based Wanjie Group Co. Ltd. has placed a major order with Germany-based Oerlikon Neumag for a complete polyester staple fiber (PSF) spinning plant. Oerlikon Neumag will provide engineering services in addition to machinery. The plant will be constructed in Shandong Province at the end of 2011, with production expected to begin by mid-2012. According to Oerlikon Neumag, Wanjie Group holds the largest market share of staple fiber production for textile applications in Shandong Province.

"The Chinese market is highly competitive especially for us as plant manufacturers," said Georg Stausberg, head of Oerlikon Neumag.

"For the Oerlikon Textile Business Unit Oerlikon Neumag with an export share of nearly one hundred percent for synthetic staple fiber plants, we are extremely pleased about this order from China which is one of the fastest economically growing countries worldwide," said Thomas Babacan, CEO, Oerlikon Textile, and COO, OC Oerlikon. "With each new project from China, we can learn from our important trading partner in order to, in the future, also be able to act competitively in the global market."

February 16, 2011