Oerlikon expects textile machinery sales hike in China

21/06/2012

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.