Zhengzhou Acquires Plant in Upper Austria

Companies › Technology ♦ 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…

or Log In

Fast News Search
Related News
Strong Results for Lenzing AG (May 11, 2011)
Rise in Sales and Profits for Linz Textil (May 1, 2011)
Optimism in Austria's Textile Industry (April 27, 2011)
Switzerland: Pecik and Stumpf Ransom Themselves (October 21, 2010)
Oerlikon: Acquittal for Stumpf, Vekselberg, Pecik (September 24, 2010)
Read More
Switzerland, China, M & A, Zhengzhou, Oerlikon, Textile Industry, Upper Austria
Featured
Coronavirus Situation at the Vienna International Centre (VIC): Live-Ticker - Three New Positive COVID-19 Cases, Total of 52 Cases
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter