Zhengzhou Acquires Plant in Upper Austria

CompaniesTechnology ♦ 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…