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.
In the current times, the world market leader for manmade fiber systems for manufacturing polyester, poly-propylene and nylon however believes itself to still be well positioned thanks to long-term stra-tegic customer investments, simultaneously also exploiting numerous opportunities for change arising from the coronavirus pandemic.
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 divi-dends 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 in creasing consistently.
New projects are being discussed.
As a result of Oerlikon Manmade Fibers delving into the digital age years ago, the segment has expe-rienced the intensive and short-term benefit from all the measures, in part also in its processing of customer projects. “Admittedly, the coronavirus situation has accelerated this digital transformation to an extreme extent. But it is working and the coronavirus crisis will also allow us to take many positive experiences we have made in our digitally-networked world with us moving forward”, concludes Stausberg.
