Oerlikon will separate Polymer Processing Solutions business

As part of a strategy to consolidate its position in the Surface Solutions sector, Oerlikon has announced that it will separate its Polymer Processing Solutions business. “In 2023, we managed short-term market headwinds and adverse currency effects and executed on our strategy”, said Michael Süss (picture above), Executive Chairman, Oerlikon. “Our swift and decisive strategic actions, particularly in Q4, streamlined our existing business and strengthened our foundation for growth and profitability”.

“Now, we announce our final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities. We will further leverage our technology leadership to drive growth and profitability by expanding regionally and into new applications and end markets. The board and management will evaluate options for the separation of Polymer Processing Solutions with the aim of optimizing value for all stakeholders”, Süss added.

Oerlikon began executing its strategy in 2014 to become a pure-play Surface Solutions leader. From five divisions, the group has streamlined to its current two divisions. Both divisions occupy “sweet spots” in their respective markets, delivering leading technologies that act as high barriers to entry. The synergies between the divisions though are limited. The company announced its intent to take the final step in becoming a pure-play Surface Solutions leader. It will implement this step over the next 12-36 months as Polymer Processing Solutions’ filament cycle recovers. The group will look for the best value creative option for Polymer Processing Solutions, where it can better leverage its distinct brands and leading technologies in its end markets, which are driven by long-term growth trends, such as population expansion and increasing demand in specific sectors.

With the final step, Oerlikon will become a pure-play leader in the Surface Solutions’ attractive end markets. The division serves a broad base of customers in diverse industries - from automotive, aerospace and energy to luxury, medical and semiconductors. Oerlikon will drive profitable growth by delivering innovative technologies that help customers achieve greater efficiency and productivity, while using less energy and producing less waste and fewer emissions.