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
Fedier.

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

andre.wissenberg@oerlikon.com

Disclaimer

OC Oerlikon Corporation AG, Pfäffikon (together with its affiliates
hereinafter referred to as "Oerlikon") has made great efforts to include
accurate and up-to-date information in this document. However, Oerlikon makes
no representation or warranties, expressed or implied, as to the truth,
accuracy or completeness of the information provided in this document and
Oerlikon disclaims any liability whatsoever for the use of it.

This document (including all statements made therein) is based on estimates,
assumptions and other information currently available to the management of
Oerlikon. This document contains certain statements related to the future
business and financial performance or future events involving Oerlikon that
may constitute forward-looking statements. The forward-looking statements
contained herein could be substantially impacted by risks, influences and
other factors (many of which are not foreseeable at present and/or are beyond
Oerlikon`s control), so that actual results, including Oerlikon's financial
results and results of operation, may vary materially from and be worse than
those (expressly or implicitly) anticipated, expected or projected in the
forward-looking statements. There can be no assurance and no representation or
warranty, express or implied, is given that such forward-looking statements
will be realized. Oerlikon is under no obligation to (and expressly disclaims
any obligation to) update or otherwise review its forward-looking statements,
whether as a result of new information, future events or otherwise.

This document, including any and all information contained therein, is not
intended as, and may not be construed as, an offer or solicitation by Oerlikon
for the purchase or disposal, trading or any transaction in any Oerlikon
securities. Investors must not rely on this information for investment
decisions and are solely responsible for forming their own investment
decisions.

Media release (pdf)

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