Austrian firm Starlinger is taking over Oerlikon’s German business unit of tape and monofilament technologies, under the brand name ‘Barmag Spinnzwirn’. The final closing of the purchase contract is planned for the end of the third quarter of this year. Starlinger is a leading engineering company and a supplier of textile machinery and complete lines.
Oerlikon has announced that the company will continue to align their manmade fibres segment product portfolio with the future of innovative Industry 4.0 plant solutions, putting greater focus on their core business of filament, staple fibre, and nonwovens. The Oerlikon Manmade Fibres Segment unit provides their extrusion plants for the production of tape and monofilaments for polypropylene (PP), polyethylene (PE), polyamides (PA), and polyester (PET) as turnkey plant-design solutions.Austrian firm Starlinger is taking over Oerlikon's German business unit of tape and monofilament technologies, under the brand name 'Barmag Spinnzwirn'. The final closing of the purchase contract is planned for the end of the third quarter of this year. Starlinger is a leading engineering company and a supplier of textile machinery and complete lines.#
Another market success for the Chemnitz branch of the German parent company Oerlikon Textile GmbH & Co. KG, Remscheid, were the recently launched automatic winders, WinTape and WinTape XXL as well as the EvoTape process for film extrusion lines. The technologies for selected high speed winders and precision winders for special applications like aramid or carbon will be sold to Starlinger as well. The business unit has a very solid international customer base with long-standing successful relationships. In 2015, a new, innovative technology centre for R&D and the performance of customer experiments was put into operation. The Chemnitz site currently employs about 160 members of staff.
Georg Stausberg, CEO of the manmade fibres segment said, “We are divesting our tape and monofilament technologies as well as our site in Chemnitz as we are convinced that ‘Barmag Spinnzwirn’ will be developed even better through a broader market access and through more synergies under the new owner.”
“In the Austrian company Starlinger, we have found a buyer for our business unit in Chemnitz, who – as a worldwide leading supplier of plants for the production of woven plastic sacks, plastic recycling and refinement – has excellent access to the market and can thus continue to successfully develop the ‘Barmag Spinnzwirn‘ business. We have decided, to also hand over the brand name to guarantee a smooth transition,” he added.
Angelika Huemer, managing partner of Starlinger & Co. GmbH said, “We are pleased to be able to make a promising and attractive addition to our product portfolio with ‘Barmag Spinnzwirn’, a very interesting and attractive option for the customers of the Starlinger Group. The resulting synergies in technical as well as commercial terms will underpin our leading position in the world of textile packaging and its applications and lead to new, innovative and customer oriented solutions in the medium-term.” (GK)
Fibre2Fashion News Desk – India
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