00 ItMa 2011 (exclusive Feature) - Textile Magazine

itMA 2011 [exclusive feature]
ChtC emerging strong global
leader in textile machinery
Autefa take-over follows that of Fong’s
By Ganesh Kalidas
China hi-tech Group will
take over Autefa solutions
Germany, Autefa
Austria and Autefa italy
to strengthen the nonwoven
business of the
group, in addition to the
non-woven equipment
that the group already
has, such as spunbond,
melt-blowing, needle
punching and spunlace
as the core for future
non-woven business.
98 | ThE TEXTILE MAGAZINE OCTOBER 2011
Mr. zhAnG jIE, Chairman, ChTC
Since September 1, the former
Oerlikon Carding Division operates
under a new ownership, and
the shares of the three companies
are held by Hi Tech Textile Holding
GmbH in Austria.
Dr. Stefan Schlichter, Managing
Director (CEO) of Autefa Solutions,
said: “We are now linked to the network
of the globally operating China
Hi Tech Corporation (CHTC),
one of the leading state-run technology
companies in China with
its focus areas such
as textile machinery
(No.1 in China, No.2
worldwide), utility
vehicles, textiles and
trading. CHTC has a
remarkable access to
the Asian, especially
the Chinese market,
as well as a strong
infrastructure and
excellent financial
power.”
CHTC is committed
to continuing the
existing activities and
employment in Europe
and will make
more investments into
European locations to
enrich the R&D ability
and to reduce costs by optimizing
resource allocation worldwide.
The new group will be an independent
business division and will continue
its dedication to the traditional
markets as a base for high technology
products. In addition, it ensures
serving the existing and future customers
in the same manner, with
quality products still being made in
Europe, he added.
Mr. Maoxin Ye, Vice President,
CHTC, observed: “We are manufac-