Oerlikon Signs Joint Venture to Support Polycondensation Business

Pfäffikon SZ, CH, July 9, 2015—Oerlikon’ s Manmade Fibers Segment has signed a joint venture agreement with the Chinese company Huitong Chemical Engineering Technique Co., Ltd that supports Oerlikon’s position in the business of designing, setting up and servicing polycondensation plants.

The agreement will enable the company to offer customers a complete solution and an entirely integrated process, from the monomer all the way through to the textured yarn and the production of bottle-grade polymers.

The joint venture, in which Oerlikon will hold 60% of the equity, leverages the engineering and service capabilities of Oerlikon’s Manmade Fibers Segment, and allows the segment to accelerate the development of its polycondensation plant businesses in China and on a global scale.

Huitong is China's first polyester engineering company and provides technologies and engineering solutions to customers in the polyester, hydrogen peroxide and nylon businesses. The combination of Oerlikon’s technologies, engineering and service capabilities with Huitong’s engineering and polymer technologies leads to a fully integrated engineering concept for the manmade fibers market and adjacent polycondensation markets for the production of packaging bottles or films.