Germany : Oerlikon Neumag adjusts its product portfolio

Oerlikon Neumag will in the future focus on its main business activities like BCF, Staple Fiber and selected Nonwoven Equipment. On August 5, 2011 Oerlikon Neumag signed all necessary documents to sell its Carding business (retroactive with effect from April 1, 2011) to the Zhengzhou Hi-Tech Non-woven Technology Co., Ltd, China, a subsidiary company of the Chinese Hi-Tech Group Corporation (formerly China Hengtian Group Co., Ltd.)., one of the leading textile technology groups in China.