22 November 2011, Pfäffikon
Switzerland headquartered Oerlikon Group has announced it will simplify its textile machinery businesses to further increase competitiveness and profitability. The three key elements of the change are the consolidation of the five textile machinery and components businesses into three Business Units (BUs), the relocation of the textile division’s headquarters to Shanghai, and increased R&D investment in both Germany and Asia to around CHF 80 million.
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