One of the world's largest builders of textile machinery, Oerlikon Textile, which specializes in technology for making fibres, yarns, tyre cords and non-wovens, is to restructure its business and move its headquarters from Pfaffikon, Switzerland, to Shanghai, China. The restructuring will result in the consolidation of the five existing businesses - Oerlikon Neumag of Neumuenster, Germany; Oerlikon Barmag of Rem-scheid, Germany; Oerlikon Schlafhorst of Ubach-Palenberg, Germany; Oerlikon Saurer of Krefeld, Germany;
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