Swiss multi-national high-tech group Oerlikon announced the official opening of its new headquarters in Shanghai. The Chinese headquarters will consolidate the Company’s eight offices currently in operation in Shanghai and unite all five business Segments under one roof.
Oerlikon’s global CEO, Michael Buscher, who attended the opening, said, “China has become Oerlikon’s most important market. The opening of our new Chinese headquarters marks another milestone in the Group’s successful expansion strategy in Asia and is designed to spur further growth in the country. We have a strong commitment to China and we have demonstrated this through our investment of more than CHF 38 million (RMB 254 million) in China over the last three years,” Mr. Buscher said.
Significantly, the new Shanghai building will be the global headquarters of Oerlikon Textile, the largest Segment of the Company. This will allow the global textile business to be directly led from Shanghai and for innovation created originating in China to be rolled out into other important markets. As announced in November last year, the Segment’s activities will be directly led from the largest and most important textile market in the world by Clement Woon, a Singapore native. By the end of 2012, 40 % of Textile’s senior management will be based at the new headquarters in Shanghai.
The Company’s systematic focus on the growth markets of Asia has made a significant contribution to Oerlikon’s positive business development in recent years. In 2011, the Group generated 28 % of its total sales, or CHF 1.2 billion (RMB 7.9 million), in China, a growth rate of 32 % compared to 2010 and 138 % compared to 2009. In 2011, Asia overall was responsible for 49 % of Oerlikon’s total sales. In Q1 2012, the Group’s growth rate of 6 % was significantly supported by China – with sales up 22 % compared to Q1 2011.
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