# Oerlikon secures two major contracts worth CHF 540 million for manmade fibers solutions in China

Oerlikon was awarded two large orders from two top 10 global manmade fibers manufacturers in China, with a total value of approximately CHF 540 million (EUR 460 million). The orders include Oerlikon Barmag's yarn spinning technology for polyester production, to be delivered in 2019 and 2020.

- Type: Contract
- Announced: 2018-01-19
- Where: Zhejiang province, China
- Value: $550.0M (540.0M CHF)
- Status: announced
- Products: yarn spinning technology, WINGS POY, WINGS FDY equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Oerlikon](https://endata.com/companies/7876.md)

## Sources

- [barmag.com](https://www.barmag.com/en/about-us/news/oerlikon-secures-two-major-contracts-worth-a-total-of-over-half-a-billion-swiss-francs-for-manmade-fibers-solutions/), 2018-01-19: "These orders confirm the strong recovery in the filament equipment market and the continued trust our market-leading customers have in us and our technologies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.