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Zhengzhou Acquires Plant in Upper Austria

Published: August 9, 2011; 01:55 · (Vindobona)

The Chinese state-owned company takes over a textile machine factory in Linz from Swiss Oerlikon.

Zhengzhou Acquires Plant in Upper Austria / Picture: © Flickr

Chinese Zhengzhou Hi-Tech Non-woven Technology announced the acquisition of three plants in Austria, Germany and Italy from Oerlikon Neumag, a subsidiary of the Swiss Oerlikon Group.

The three factories with a total headcount of 250 will be sold in the course of a strategic realignment. Oerlikon Neumag sells its carding business and will in the future focus on its main business…

This article includes a total of 198 words.

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