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23.04.2021

Oerlikon: Creating a new growth platform

Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market

  • INglass and its HRSflow Division is a market leader spezialized in hot runner sytems
  • Technology is highly complementary to Oerlikon’s existing capabilities in polymer flow control and will expand Oerlikon’s market access
  • Acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
  • Oerlikon renames ‘Manmade Fibers’ Division to ‘Polymer Processing Solutions’
  • Acquisition is expected to be completed in the second quarter of 2021

Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, announced today that it has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.

Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market

  • INglass and its HRSflow Division is a market leader spezialized in hot runner sytems
  • Technology is highly complementary to Oerlikon’s existing capabilities in polymer flow control and will expand Oerlikon’s market access
  • Acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
  • Oerlikon renames ‘Manmade Fibers’ Division to ‘Polymer Processing Solutions’
  • Acquisition is expected to be completed in the second quarter of 2021

Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, announced today that it has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.

The strategic acquisition is a significant step in expanding Oerlikon’s current manmade fibers business into the larger polymer processing market. The acquisition accelerates and enhances existing organic initiatives to diversify and strengthen the company’s core high-precision polymer flow control capabilities, products and services. The completion of the transaction is subject to customary regulatory approvals and is expected by the second quarter of 2021.

To reflect Oerlikon’s expansion into a larger high-growth market, the Manmade Fibers Division will be renamed as Polymer Processing Solutions Division. This division will have two business units: Flow Control Solutions and Manmade Fibers Solutions. The busines unit Flow Control Solutions will combine the expertise of Oerlikon Barmag’s existing gear metering pumps business line and INglass’ HRSflow operations. The business unit Manmade Fibers Solutions will continue to focus on growing the existing chemical fiber machinery and plant engineering business, offering plant solutions for the production of polyester, polypropylene and polyamide.

“Our new Polymer Processing Solutions Division and the acquisition of INglass S.p.A. and its HRSflow business are critical components of Oerlikon Group’s growth strategy. We are accelerating our efforts to drive sustainable organic and inorganic growth in all of our businesses. The acquisition enables new synergy opportunities between both Oerlikon divisions in specific end markets such as automotive. With INglass and its HRSflow operations, we acquire leading suppliers in their markets with proven success of their technologies and services,” said Dr. Roland Fischer, CEO Oerlikon Group.

“We firmly believe that within the Oerlikon Group we can further exploit the potential of our hot runner systems technology and, when combined with the capabilities of Oerlikon Barmag gear metering pumps and their melt distribution engineering competence, will position our business as one of the leading precision flow control specialists for multiple applications in a global growth market”, said Antonio Bortuzzo, CEO of INglass S.p.A.

New business unit offers great growth potential

The Oerlikon Barmag competence brand already offers high precision flow control related components, including a large selection of gear metering pumps for textile and non-textile markets. These highly efficient pumps are used in silicone casting, dynamic mixing and oil spraying for the chemical, paint, polymer processing and automotive industries. This double-digit million CHF business, which has grown in recent years, will be merged with INglass’ HRSflow hot runner technologies under the new business unit Flow Control Solutions. HRSflow’s excellent market access to many OEMs in and outside the automotive industry brings significant growth opportunities.

INglass is a leader in automotive and expanding in other sectors

INglass S.p.A. is an internationally operating successful company established in 1987. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. INglass’ HRSflow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation.

INglass is headquartered in San Polo di Piave, Italy, near Venice. 2020 revenues of INglass were approximately CHF 135 million and the acquisition is expected to be immediately accretive to Oerlikon’s margins and cash flows. INglass has more than 1 000 employees and 55 sites worldwide, including production plants in Italy, China and the US. Among these sites are INglass’ newly renovated headquarters and production at its primary location in San Polo di Piave near Venice, Italy. The investment modernized the facilities with automated production, underlining the company’s commitment to sustainability and the environment. The other two modern production sites are in Zhejiang (Hangzhou Province) in China and Michigan (Grand Rapids) in the USA.

Following the integration with Oerlikon Barmag’s gear metering pumps business of about 200 employees in Remscheid, Germany, the new Flow Control Solutions business unit will have round about 1 200 employees.

"We see great potential for growth in our new Flow Control Solutions business unit,” said Georg Stausberg, Polymer Processing Solutions Division CEO and Member of the Executive Committee of the Oerlikon Group. “The businesses form the two core growth pillars and benefit from each other in global market development, in modern and digitized production, and in customer services. We also see potential synergies in R&D by combining existing know-how in the field of polymer processing. New technological solutions between hot runner systems and gear metering pumps are conceivable. We also anticipate collaborating more closely with the Oerlikon Surface Solutions Division, particularly in future mobility applications and functional polymer component solutions for the automotive industry. All in all, we will offer our customers innovative and attractive solutions in the field of polymer processing and high precision flow control components.”

Next steps for further diversification of the division product portfolio are already ongoing

Combining the divisions plant engineering and process know how with expertise on high precision flow control components technologies has a significant impact on product quality in nearly all applications, which opens up a platform for further organic and inorganic growth. "We are closely observing the megatrends in the markets and developing new business models to match. In the area of sustainability, covering topics such as circular economy, the recycling of materials using mechanical and chemical recycling solutions, as well as the handling of new, more environmentally friendly and biodegradable materials, we are on the verge of a breakthrough. We are ready to actively participate in these growth areas,” added Georg Stausberg.

“In realigning the Polymer Processing Solutions Division, Oerlikon will continue to apply our successful recipe of a lean organizational structure to efficiently manage the business. This means clear processes, short decision-making paths and competent teams in a diverse and multicultural organization in which everyone can contribute innovatively to create customer value,” said Georg Stausberg.

Oerlikon (c) Oerlikon
29.10.2020

Oerlikon: Less waste with the Smart Factory

A typical manmade fiber system produces well over 600 tons of yarn a day. This equals in around 700 winders in filament yarn production or 3 systems in staple fiber production. These figures show just how important smooth production processes are.

If an error creeps into the process at any point, the daily waste increases dramatically. It is obvious that all yarn manufacturers want to prevent this happening to ensure their production facilities operate efficiently. Here, digitalization provides invaluable support. A Smart Factory that networks all steps within the production chain – including all auxiliary processes – identifies and reports quality deviations at an early stage. Yarn manufacturers can quickly intervene in the production process and hence avoid generating waste.

A typical manmade fiber system produces well over 600 tons of yarn a day. This equals in around 700 winders in filament yarn production or 3 systems in staple fiber production. These figures show just how important smooth production processes are.

If an error creeps into the process at any point, the daily waste increases dramatically. It is obvious that all yarn manufacturers want to prevent this happening to ensure their production facilities operate efficiently. Here, digitalization provides invaluable support. A Smart Factory that networks all steps within the production chain – including all auxiliary processes – identifies and reports quality deviations at an early stage. Yarn manufacturers can quickly intervene in the production process and hence avoid generating waste.

Digital solutions ensures process reliability
And the Smart Factory is also the focus of Oerlikon Manmade Fibers. Here, it comprises considerably more than the Plant Operation Center, a system that has been well-established within the market for many years now. “This is about absolute transparency and traceability. At the end of the process, yarn manufacturers are able to track at which position its finished textured yarn packages were spun and even have information on the processed granulate and the specific production conditions”, comments Ivan Gallo, responsible for digital products at Oerlikon Manmade Fiber. In this way, the Smart Factory ensures process reliability, above all. The data are automatically entered into the system and the product assessed at each stage of yarn production at which values and data are recorded – such as during visual inspection and when weighing. In the event of anomalies in the intermediate laboratory and quality checks, this allows yarn producers to intervene in the production process and correct these anomalies.

Information on the chip feeding, on the drying and on the masterbatch are available, as are data on the climate control, on the compressed air supply and on further auxiliary systems. With this, yarn manufacturers have at all times a complete overview of the ongoing production process, including comprehensive information on quality and production costs.

Source:

Oerlikon

27.07.2020

Chemiefaserindustrie braucht „Luft zum Atmen“

Auf der diesjährigen Mitgliederversammlung der Industrievereinigung Chemiefaser e. V. (IVC) standen insbesondere die Auswirkungen der Sars-CoV-2-Pandemie im Vordergrund.

Mit einem Durchmesser von nur 125 nm veränderte das aus der Volkrepublik China stammende Sars-CoV-2 Virus („Corona“) die Welt. Wertschöpfungsketten rissen, Produkte auch für den alltäglichen medizinischen Bedarf wurden Mangelware. Dabei handelte es sich nicht um teure Produkte der sog. Apparatemedizin, sondern um textile Schutzmasken im Wert von weniger als einem Euro. Die gegenseitige Abhängigkeit und auch der Wettbewerb verschiedener Staaten untereinander wurden deutlich, insbesondere auch die Abhängigkeit von chinesischer Produktion. Obwohl eine globale Arbeitsteilung ökonomisch sinnvoll sei, werde offensichtlich, wie fragil wirtschaftliche Abhängigkeiten in Krisenzeiten sein könnten und wie schnell Volkswirtschaften in eine Rezession gerieten, wenn Produkte aus systemrelevanten Bereichen nicht mehr vor Ort hergestellt würden, stellte die IVC fest.

Auf der diesjährigen Mitgliederversammlung der Industrievereinigung Chemiefaser e. V. (IVC) standen insbesondere die Auswirkungen der Sars-CoV-2-Pandemie im Vordergrund.

Mit einem Durchmesser von nur 125 nm veränderte das aus der Volkrepublik China stammende Sars-CoV-2 Virus („Corona“) die Welt. Wertschöpfungsketten rissen, Produkte auch für den alltäglichen medizinischen Bedarf wurden Mangelware. Dabei handelte es sich nicht um teure Produkte der sog. Apparatemedizin, sondern um textile Schutzmasken im Wert von weniger als einem Euro. Die gegenseitige Abhängigkeit und auch der Wettbewerb verschiedener Staaten untereinander wurden deutlich, insbesondere auch die Abhängigkeit von chinesischer Produktion. Obwohl eine globale Arbeitsteilung ökonomisch sinnvoll sei, werde offensichtlich, wie fragil wirtschaftliche Abhängigkeiten in Krisenzeiten sein könnten und wie schnell Volkswirtschaften in eine Rezession gerieten, wenn Produkte aus systemrelevanten Bereichen nicht mehr vor Ort hergestellt würden, stellte die IVC fest.

Auch die Chemiefaserindustrie gehört zu den Branchen, die entlang vieler Wertschöpfungsketten systemrelevante Produkte herstellt. Im Zeichen der Corona-Pandemie stehen hier vor allem Chemiefasern im Vordergrund, die zur Herstellung von Desinfektionstüchern, Inkontinenzprodukten, Luftfiltern, Atemschutzmasken und dazu passenden Abdeckvliesen sowie Verbandsstoffen und sonstigen medizinischen Produkte eingesetzt werden.

Mitgliedsbetriebe der IVC, die vor der Corona-Pandemie noch kurz vor der Insolvenz standen, hätten nun volle Auftragsbücher. Gäbe es diese Produktionsstätten nicht mehr, würde die bundesweite Tragepflicht von Mund-Nasenschutzmasken mangels Menge an dafür notwendigen Chemiefasern auf dünnem Eis stehen.

Die Erkenntnis über die Notwendigkeit einer europäischen Produktion scheine bei den europäischen Institutionen, speziell der European Chemicals Agency (ECHA), noch nicht angekommen zu sein, bemängelt die IVC. Man ignoriere Aussagen internationaler Experten und riskiere bewusst eine Schließung oder Abwanderung der Produktionsstätten aus Europa. Dabei habe schon die Finanzkrise in den Jahren 2008 und 2009 den positiven Beitrag einer industriellen europäischen Produktion zum Erhalt der wirtschaftlichen Stabilität aufgezeigt.

Die wirtschaftliche Situation der gesamten Chemiefaserindustrie werde trotz der Systemrelevanz auch in Corona-Zeiten bis aufs Äußerste strapaziert. Die Chemiefaserindustrie braucht „Luft zum Atmen“, die ihr jedoch durch die Zunahme an wettbewerbsverzerrenden europäischen Regularien genommen werde, beklagt der Verband. Zum Patienten dürfe sie aber nicht werden. Die europäische Bevölkerung habe den Wert einer vor Ort produzierenden Branche erkannt. Nun hoffe die Chemiefaserbranche auf rechtzeitigen Erkenntnisgewinn auch in der europäischen Bürokratie.

 

 

Source:

Industrievereinigung Chemiefaser e.V.

Logo oerlikon
Oerlikon blickt positiv in die Zukunft
23.04.2020

Oerlikon Manmade Fibers segment looking positively towards the future during the coronavirus pandemic

Staggered in terms of timing and with varying magnitude, the global spread of coronavirus is impacting the development of the regional economies in the core markets of the Manmade Fibers segment of the Swiss Oerlikon Group.
The sales markets for manmade fiber systems and equipment have been primarily located in China, India and Turkey for many years now. Together, these markets – above all China – make up the lion’s share of the project landscape at Oerlikon Manmade Fibers. And this is paying positive dividends at the moment. Because the production facilities of the major manmade fiber manufacturers in
China have been systematically fired up again over the past few weeks, with capacity utilization increasing consistently.

Staggered in terms of timing and with varying magnitude, the global spread of coronavirus is impacting the development of the regional economies in the core markets of the Manmade Fibers segment of the Swiss Oerlikon Group.
The sales markets for manmade fiber systems and equipment have been primarily located in China, India and Turkey for many years now. Together, these markets – above all China – make up the lion’s share of the project landscape at Oerlikon Manmade Fibers. And this is paying positive dividends at the moment. Because the production facilities of the major manmade fiber manufacturers in
China have been systematically fired up again over the past few weeks, with capacity utilization increasing consistently.

Going against the flow
The Segment CEO, Georg Stausberg explains the reason: “Long before the coronavirus situation developed, the major manmade fiber manufacturers in China had decided to reverse-integrate their production chains to include petrochemicals in order to expand their portfolios with targeted investments, to reduce their dependence on a ,single product’, to optimize their costs and ultimately to acquire greater control over margins in a global volume business”.
Similar processes and decisions – albeit not on the same scale as in China – have also
been detected at the large manmade fiber manufacturers in India and Turkey. Even though businesses in India and Turkey are presently still temporarily severely impacted by the coronavirus situation, their long-term commitment cannot however be questioned, as the company-internally-agreed plans will be systematically implemented moving forward.

Long-term investments of global market players
All this has recently resulted in increased demand for spinning and texturing systems – just like those supplied by total solutions provider Oerlikon Manmade Fibers with its
Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven product brands.
“The investments in petrochemical systems are based on long-term strategic considerations and are resulting – even during the coronavirus pandemic – neither in short- and medium-term economic dips, nor in changed customer behavior. (...)”, states Segment-CEO Georg Stausberg.
As a result of Oerlikon Manmade Fibers delving into the digital age years ago, the segment has experienced the intensive and short-term benefit from all the measures, in part also in its processing of customer projects.

Source:

Marketing, Corporate Communications
& Public Affairs

05.08.2019

Chemiefaserindustrie sagt Ja zu einem starken, geeinten und demokratischen Europa

Auf der am 28. Juni 2019 in Emmersdorf an der Donau stattgefundenen Mitgliederversammlung der Industrievereinigung Chemiefaser e. V. (IVC) stand vor dem Hintergrund der gerade stattgefundenen Wahlen zum Europäischen Parlament vor allem die Rolle Europas zwischen den Wirtschaftszentren USA und China im Vordergrund.

Es sei offensichtlich, dass die Europäische Union (EU) in einer tiefen Krise stehe. Die Europawahl vom 26. Mai 2019 kam einer Schicksalswahl gleich, und die unwürdige Art der sich daran anschließenden politischen Suche nach einem/einer EUKommissionspräsidenten/in, der/die von allen EU-Mitgliedstaaten gleichermaßen getragen wird, vertiefte diesen Eindruck, so die IVC.

Auf der am 28. Juni 2019 in Emmersdorf an der Donau stattgefundenen Mitgliederversammlung der Industrievereinigung Chemiefaser e. V. (IVC) stand vor dem Hintergrund der gerade stattgefundenen Wahlen zum Europäischen Parlament vor allem die Rolle Europas zwischen den Wirtschaftszentren USA und China im Vordergrund.

Es sei offensichtlich, dass die Europäische Union (EU) in einer tiefen Krise stehe. Die Europawahl vom 26. Mai 2019 kam einer Schicksalswahl gleich, und die unwürdige Art der sich daran anschließenden politischen Suche nach einem/einer EUKommissionspräsidenten/in, der/die von allen EU-Mitgliedstaaten gleichermaßen getragen wird, vertiefte diesen Eindruck, so die IVC.

Für die Chemiefaserindustrie ist der europäische Binnenmarkt noch vor Ex- und Importen nach bzw. aus Asien der wichtigste Handelsraum. Mehr als die Hälfte der mengenbezogenen Warenströme an Chemiefasern wird in der EU umgesetzt, gefolgt von Asien mit ca. 40 % Handelsquote. Im Außenverhältnis der EU profitiert die Chemiefaserindustrie von Handelsabkommen, die nicht einzeln national verhandelt werden müssen, sondern für den gemeinsamen Markt auf europäischer Ebene geschlossen wurden und werden.

Der gesamte Welthandel findet heutzutage vornehmlich zwischen den drei großen Blöcken USA, China und EU statt.
Details entnehmen Sie der beigefügten Pressemitteilung.

Zusätzlich finden Sie hier die aktuelle IVC-Broschüre zum Download.

Source:

Industrievereinigung Chemiefaser e. V. (IVC)