#Spinning

2020-04-08

Oerlikon shareholders approved all resolutions via the Independent Proxy

A total of 71.95% of share capital were represented at the 47. Annual General Meeting of Shareholders (AGM) via the authority that was granted by shareholders to the Independent Proxy, Proxy Voting Services GmbH. Shareholders did not attend the AGM in person in line with the ordinance from the Federal Council of Switzerland in the fight against the coronavirus.

Dividend payout of CHF 1.00 per share approved
Prof. Dr. Michael Süss was reelected as Chairman of the Board
Irina Matveeva was elected as a new Board Member
All Board Members who stood for reelection were voted in
All members of the Human Resources Committee (HRC) were reelected

Following the instructions given to the Independent Proxy, all resolutions were approved by a large majority, including the maximum aggregate total compensation of the Board for their term of office (AGM 2020 to AGM 2021), the maximum aggregate fixed compensation of the Executive Committee (EC) for the period July 1, 2020 through June 30, 2021 and the retrospective variable compensation of the EC for 2019, as well as the dividend payout of CHF 1.00 per share for 2019.

Prof. Dr. Michael Süss was reelected as the Chairman of the Board of Directors. Mrs. Irina Matveeva was elected as a new member of the Board, while Paul Adams, Geoffery Merszei, Alexey V. Moskov, Gerhard Pegam and Dr. Suzanne Thoma were all reelected as members of the Board. Furthermore, shareholders approved the reelection of Prof. Dr. Michael Süss, Geoffery Merszei, Alexey V. Moskov, Gerhard Pegam und Dr. Suzanne Thoma as members of the Human Resource Committee. All elected Board members will serve a one-year term.

“I would like to sincerely thank all our shareholders for their understanding that we hosted this year’s AGM without any shareholders attending in person. We held today a highly unusual AGM in the history of Oerlikon,” said Prof. Dr. Michael Süss. “As a team, we are working on strengthening Oerlikon, enabling us to weather the current global challenges and to further seize opportunities in attractive markets. Our goal is to create more value for all stakeholders, including shareholders, over the medium to long term. We are looking forward to things returning to normal and to welcoming our shareholders again at our AGM in 2021.”

Barmag and Hitech Automation enter into partnership for an auto-doff system for texturing machines

Barmag (Suzhou) Technology Co., Ltd. and Hitech Automation Solutions PVT LTD. of Surat, India, have agreed to an exclusive partnership to jointly market Hitech’s Doffmatic automation solution for Barmag’s proven manual eFK texturing machines. In many texturing facilities, manual doffing processes remain heavily operator-dependent – resulting in issues such as increased scrap, inconsistent quality, and limited productivity.

Oerlikon Manmade Fibers Solutions hosted successful Technology Day 2025 in India

Oerlikon Manmade Fibers Solutions recently hosted its highly anticipated Innovation and Technology Day at the Deltin Hotel in Daman by end of January 2025. The event attracted over 300 participants, including industry experts, partners, and stakeholders, who gathered to explore the latest advancements and trends in the manmade fibers industry in India.

GenuTrace client advisory: Is your cotton supply chain UFLPA ready?

U.S. Customs and Border Protection has released updated operational guidance (CBP Publication No. 5560-0526) expanding its forced labor enforcement framework. The guidance supersedes the original 2022 UFLPA Operational Guidance and now covers all forced labor enforcement authorities — UFLPA, CAATSA, and WROs/Findings — in a single unified document. For cotton importers, the enforcement posture has not softened. It has become more structured, more documented, and more demanding. Learn more about UFLPA.

"We will become a recycling powerhouse"

The textile industry is now in its fourth consecutive year of crisis, while automation, artificial intelligence and recycling are reshaping the rules of the game. In this interview, Rieter CEO Thomas Oetterli discusses the first signs of a market recovery, reflects on his first three years at the helm of the company, explains the integration of Barmag, outlines Rieter’s vision of the fully automated spinning mill and highlights the strategic importance of recycling. In doing so, he explains why the new Rieter Group aims to play a leading role in transforming the textile value chain into a circular economy.

Uster’s new Recycling Opening Index guides spinners to the perfect blend

Uster AFIS 6 now offers the key data for better decisions when blending recycled fibers. Process control is decisive in determining the quality and economic outcome. The new R Recycling Module of AFIS 6 introduces the Recycling Opening Index (ROI), so spinners can optimize their circularity credentials. It was officially launched at ITM 2026 in Istanbul, Türkiye.

Nico Pedretti appointed as Managing Director Graf Group

As of June 1, 2026, Nico Pedretti has assumed the role of Managing Director Graf Group. With more than 20 years of international industrial experience and extensive expertise in Operations, Supply Chain Management, Finance and Controlling, he brings a broad range of leadership and business experience to support Graf’s continued success.

STOLL: Agreement signed for the divestiture of selected assets

In early 2025, KARL MAYER announced its strategic decision to focus on its core business areas of WARP KNITTING, WARP PREPARATION, and TECHNICAL TEXTILES. As part of this move, the flat knitting machine business under the STOLL brand was discontinued and the production site in Reutlingen was closed in October 2025.

TERNAfil wins first place at PitchMiUp Night 2026 in Minden

The RWTH spin-off TERNAfil has developed MAXCarbon, a new high-performance hybrid fibre that combines the mechanical performance of carbon with the temperature and corrosion resistance of ceramic materials. For this development, TERNAfil was awarded first prize at the PitchMiUp Night in Minden on 21 May 2026.