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Oerlikon’s sales rise by 3%
Oerlikon Group’s EBITDA was sustained at a high level at CHF 93 million and a margin of 15.0 per cent. EBIT for Q1 2019 stood at CHF 44 million, or 7.1 per cent of sales.
Oerlikon Records Q1 Top-Line Results
Bolstered by the exceptional top-line performance and reinforced by disciplined cost management, the Group’s year-on-year EBITDA increased to CHF 123 million, yielding a high EBITDA margin of 15.1 per cent.
Big recovery for Oerlikon MMF Segment
In 2017, Oerlikon delivered on its targets and recorded top-line growth as well as improved operating profitability across all Segments.
Double-digit profitability in Oerlikon's MMF segment
The Manmade Fibres Segment of Oerlikon captured a significant share of the business in the filament equipment market, where a high level of demand prevailed, particularly in China.
“We are pleased to announce another quarter of profitable growth”, said Dr Roland Fischer, CEO of Oerlikon Group. “Our positive performance confirms that our strategy addresses attractive markets, our initiatives and activities are delivering positive results, and we are able to take advantage of the growth momentum and opportunities in our end markets. Consequently, we are in a position to increase our full-year expectations for the second time this year.”
Big potential for Indo-Bangla ties
The Indian High Commissioner to Bangladesh, Harsh Vardhan Shringla has said that both countries need to work together to tap the benefits of global textile industry changes.
AD duty on NFY extended
The Finance Ministry in India has extended by one year the validity of anti-dumping duty on nylon filament yarn from China, Chinese Taipei, Malaysia, Indonesia, Thailand and South Korea. The revenue department has also extended by one year the validity of anti dumping duty on Saccharin imports from China.
Chinese fabrics import destroying India´s powerloom industry
Imports of fabrics by China in 2013-14 is Rs 5,500 crore, which is grossly undervalued to the extent of at least 50 per cent. Therefore, actual value will be over Rs 8,000 crore. Imports of fabrics consist of manmade (polyester, viscose and nylon) fibres and yarns as India is the net exporter of cotton yarn and raw cotton to China.