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Editorial: How leadership in textile machinery has passed from Switzerland to China
published in Issue 170, July 2014
Until a few years ago, the dominant force in the world textile machinery market was the Switzerland-based company Oerlikon Textile. The company rose to a peak after orchestrating a series of acquisitions from the late 1990s until 2007. But when it was hit by the global recession, its parent company, Oerlikon Group, put the Oerlikon Textile business up for sale and sold it in several parts. One of the companies which acquired parts of the business was China Hi-Tech Group Corporation (CHTC) and the purchase of those parts has helped CHTC to become a leader in the global textile machinery industry in 2014. In this report, Robin Anson discusses the rise and fall of Oerlikon, and how CHTC has grown to become the world's biggest textile machinery company. He provides an overview of CHTC's structure, its development, its operations and its recent achievements. Furthermore, he provides an outlook for the future geographical location of the textile machinery industry.
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