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Major order for Oerlikon Neumag from Korea

Neumünster, March 09, 2010 - With a major order in the range of tens of millions of Euros for the manufacturer of textile machinery and plant engineering, the company closed the business year 2009. The orderer of the new staple fiber production plant is the well-known Korean company Hyundai Engineering that is responsible for an overall project for which Oerlikon Neumag will deliver the plants.

Exactly at the end of 2009 the business year could be concluded with a major order in the range of tens of millions of Euros. The order comprises of two production lines for the staple fiber production, each with a capacity of 200 tons per day. Here Oerlikon Neumag supplies the fiber spinning plant and the entire fiber line equipment. In addition, the company carries out the supervision of erection works and the commissioning. In future, the plants will produce staple fibers from polyester that are also known as „cotton type“. In the following manufacturing process, the polyester fibers will normally be blended with cotton and then spun as textile yarns.

„For this important project, we opted for Oerlikon Neumag as this company offers large technology know-how and the expertise for our high demands. In addition, Oerlikon Neumag often showed that this company is a reliable and competent partner for the development, production and installation of major staple fiber plants“, says Beom Seob Sim, General Manager of Hyundai Engineering.

With more than 50 production lines of this plant type sold since 2002 and with a 25% share in the worldwide market in polyester staple fiber, Oerlikon Neumag again underlines with this major order its leading position in this market segment. The manufacture of the plant is planned for 2010 and the commissioning for mid 2011.

„We are very pleased that Hyundai Engineering decided for a plant from Oerlikon Neumag. The high production efficiency combined with an excellent quality of the end product are the best pre-conditions for our customers to make their way in the hard-fought staple fiber market “, says Georg Stausberg, head of Oerlikon Neumag.

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