Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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4.0 Sustainability 1. Oerlikon products help its customers and end consumers directly or indirectly reduce energy consumption and improve their carbon footprint. 2. Oerlikon is committed to creating sustainable value for all stakeholders. 3. Oerlikon supports and promotes the communities in which it does business.
Securing our future The company’s management views sustainability as a competitive advantage: the more sustainable the company, the more attractive it is to investors, customers, employees and prospective employees. For investors, sustainability is becoming an increasingly important consideration in making investment decisions. A growing number of institutional investors carefully review environmental data before committing investment capital. The company’s current level of sustainability data collection and reporting falls short of best practice. The continuation of the company having been in serious question just two years ago, management has focused its resources on restructuring the company and laying the foundation for sustainable growth. Now that profitability has been restored, Oerlikon is committed to improving and expanding sustainability reporting on all of its commercial activities, now and into the future. Improving the environmental footprint Many Oerlikon products are designed to directly or indirectly improve the environmental footprint of customers and end users. These products are frequently part of the production process for environmental technologies and energy conserving systems. Oerlikon thus produces two sets of benefits. First, customers benefit from business success afforded by higher quality products, increased productivity or lower energy costs. Second, society benefits from access to new technologies which better protect the environment and improve quality of life. In its Textile Segment, Oerlikon’s product development work is concentrated on lowering energy consumption and increasing machinery and systems efficiency. Other areas of focus are improved ergonomics, noise reduction and minimization of equipment footprints. Since 2005, machinery and systems that use at least 20 % less energy than the generally accepted market standard are awarded an “e-save” certification from the internal quality-control office. In 2011, Oerlikon Textile introduced seven newly developed textile machines to the market which use considerably less energy and have significantly higher productivity. 47 Oerlikon’s Drive Systems Segment is active in two environmental technologies. First, wind power: Oerlikon supplies a major American wind-energy company with components (ring gears, gear drives, etc.) that are assembled into complete gear transmissions and sold worldwide. Second, electric vehicles: Oerlikon equips electric vehicles with drive systems based on its sports-car expertise. These products deliver high torque at low speeds, good performance parameters when climbing steep grades, high top speeds and – thanks to high efficiency levels – improved range. A car-sharing program called “Autolib” launched in Paris at the end of 2011, uses electric vehicles equipped with Oerlikon Drive Systems transmissions. About 3 000 to 5 000 of these vehicles will be available for rent throughout the city. Many environmental technologies need to be manufactured in a vacuum. Making this possible is the job of the Vacuum Segment, which manufactures a variety of innovation vacuum systems and equipment. Without vacuum technology, there would be no solar modules, LEDs or insulated glass. Insulated glass, which is used to reduce energy costs in buildings, is created by covering plates of glass with a layer of metal, including silver, under vacuum or high-vacuum conditions. This transparent layer of metal, usually just 1/100 000 milli meter thick, prevents heat transfer from the building’s interior and improves the insulation value of glass alone by a factor of five. In wind power, vacuum technology is used extensively in the manufacture of turbine rotor blades, which are produced using a vacuum-infusion process. This process uses vacuums to create such a strong bond between the layers of fiber, that rotor blades of more than 50 meters in length can be produced. Oerlikon Coating, which specializes in coating high-performance parts and materials in its 87 centers around the world, is a key contributor to increased fuel economy in today’s cars and trucks. In diesel engines, for instance, the introduction of high-pressure injection has resulted in a 30 % reduction in fuel consumption. High-pressure injection was made possible by the development of a coating for those engine components operating under severe conditions, such as fuel-injection pumps.
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on a new level Annual Report 2011
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Vision Oerlikon creates innovative
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Oerlikon’s Segments in brief Text
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On a new level 2011 was a year of s
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I. Operational review We achieved a
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Dear Shareholders, 2011 was a break
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Page 15 and 16: Remuneration Report Risk Management
Page 19 and 20: Achieving a new level of profitabil
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Page 31 and 32: Turnaround time reduced by 40 % The
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Page 66 and 67: 48 When a fine spray of fuel is fir
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Key Figures Group Notes OC Oerlikon
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102 Expenses included in EBIT Key F
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104 Deferred taxes Key Figures Grou
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106 Financial investments Key Figur
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108 Property, plant and equipment i
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110 Key Figures Group Notes OC Oerl
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112 Intangible assets Previous year
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114 Post-employment benefit provisi
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116 Provisions in CHF million Key F
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118 Liquidity risk Key Figures Grou
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120 Credit risk Key Figures Group N
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122 Market risk Key Figures Group N
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124 Capital management Key Figures
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126 Related Party transactions Key
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128 Related Party transactions Memb
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130 Segment information Key Figures
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132 Companies by country Country Pr
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134 Report of the Statutory Auditor
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Contents I. Operational review 1.0
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9.0 Outlook for global markets Tren
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Remuneration Report Risk Management
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10.0 Research and development In 20
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166 Innovation highlights Oerlikon
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168 Oerlikon Vacuum MAGiNTEGRA: rob
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170 Oerlikon Coating INGENIA: the q
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11.0 Expanding the global footprint
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174 Oerlikon further expands in gro
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176 the greater the opportunity for
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Financial calendar March 5, 2012 An
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AB Applied Biosystems ∙ ABB ∙ A
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Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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