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29 May 2013 year Oerlikon is expanding its stock of orders

Swiss company Oerlikon has increased its stock of orders by approximately $650mln. Oerlikon’s Drive Systems division of drives and transmissions has become the driver of such growth. The stock of orders has been growing alongside with the global slowdown of the industry growth, contraction of the international demand for the iron industry and machine building companies’ products.

“This notwithstanding, we managed to expand the stock of orders: based on the results for the first half of 2013, the amount of received orders exceeded $800 mln,” comments Mikhail Lifshits, Member of Oerlikon Board of Directors. “This indicator is above the market average. The company is optimistic about its development prospects, including, development in our country.”

Oerlikon commissioned a coating facility in Elektrostal (Russia, Moscow Region) in 2010.

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