Oerlikon expects textile machinery sales hike in China
Switzerland-based textile machinery manufacturer Oerlikon says it is expecting sales in China to grow at a double-digit rate over the next few years.
The Asian market currently accounts for around 50% of the company’s sales, and with the Chinese textile industry continuing to rise, it believes machinery sales are likely to burgeon.
Sales to China grew 22% during the first quarter and Oerlikon
has already filled its order book for man-made fibre machinery through to 2015 in
China. Sales have been fuelled by the opening of a new office in Shanghai that
is overseeing its textiles business across China.