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: © Vindobona.org

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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Zhengzhou Acquires Plant in Upper Austria

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.