Oerlikon completes sale of its natural fibers businesses

Oerlikon completes sale of its natural fibers businesses

Focus on growing and less cyclical manmade fibers market

  *Transaction net cash impact of around CHF 470 million expected
  *Oerlikon's remaining textile business renamed the Manmade Fibers Segment
  *Stefan Kross appointed CEO of Manmade Fibers Segment

Pfäffikon SZ, Switzerland - July 4, 2013 - Oerlikon announces the closing of
the sale of its natural fibers businesses to the Jinsheng Group of China. The
agreement to divest the Natural Fibers and Textile Components Business Units
was signed on December 3, 2012. Oerlikon expects from the transaction a net
cash impact of around CHF 470 million after transaction and tax costs.
Oerlikon will focus on the manmade fiber business and has renamed the Textile
Segment the Manmade Fibers Segment. Oerlikon CEO Jürg Fedier commented: "The
closing of this transaction marks an important milestone in the reshaping of
our portfolio, and it further strengthens our financial profile for
investments in organic and inorganic growth opportunities. The new Manmade
Fibers Segment is the global leader in an attractive, growing and less
cyclical market."

Oerlikon's Natural Fibers and Textile Components Business Units had sales of
around CHF 1.0 billion in 2012 and some 3 800 employees. The closing of the
transaction marks the latest strategic milestone in shaping Oerlikon's
portfolio by significantly reducing the Group's overall exposure to the
textile industry. The deconsolidation of the divested Business Units will be
recognized in Q3 2013. Oerlikon will continue to report the Natural Fibers and
Textile Components Business Units under "Discontinued Operations" in the Q2/HY
2013 accounts.

Textile Segment renamed Manmade Fibers Segment

With this exit from the natural fibers business, Oerlikon's Textile Segment is
renamed the Manmade Fibers Segment. Marketed under the Oerlikon Barmag and
Oerlikon Neumag brands, Oerlikon provides comprehensive solutions and services
for the production of manmade fibers, nonwovens, carpet yarns and synthetic
staple fibers and is the global market and technology leader in this market.

Stefan Kross (57, German citizen) is appointed CEO of the Manmade Fibers
Segment with immediate effect. Mr. Kross started his Oerlikon career in 1990
and has held a number of senior management positions in the Textile Segment.
His latest position was Head of the Manmade Fibers Business Unit. "Stefan and
his team will build on their successes in the manmade fibers business with a
focus on innovation, customer satisfaction and value creation", said Jürg

Clement Woon, CEO of the former Textile Segment, will leave the Oerlikon
Group. "We sincerely thank Clement for his contribution and effort to
strategically develop Oerlikon's textile business and we wish him all the best
for the future", said Jürg Fedier.

About Oerlikon:

Oerlikon (SIX: OERL) is a leading high-tech industrial group specializing in
machine and plant engineering. The Company is a provider of innovative
industrial solutions and cutting-edge technologies for textile manufacturing,
drive, vacuum, coating, and advanced nanotechnology. A Swiss company with a
tradition going back over 100 years, Oerlikon is a global player with around
12 700 employees at around 160 locations in 34 countries and sales of CHF 2.9
billion in 2012. The Company invested in 2012 CHF 106 million in R&D, with
over 1 000 specialists working on future products and services. In most areas,
the operative businesses rank either first or second in their respective
global markets.

For further information please contact:

Burkhard Boendel                                  Andreas Schwarzwälder

Head of Group Communications & IR                 Head of Investor Relations

T +41 58 360 96 02                                T +41 58 360 96 22

F +41 58 360 98 02                                F +41 58 360 98 22

pr@oerlikon.com                                   ir@oerlikon.com
André Wissenberg

Oerlikon Textile GmbH & Co. KG

Head of Marketing & Corporate Communications

T +49 2191 67 2331

F +49 2191 28447 2331



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Media release (pdf)

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