Letter from publisher

摘要

Mr Clement Woon will take over as Chief Executive Officer of Oerlikon Textile from Mr Thomas Babacan on 1 January, 2012. Mr Clement Woon, an Executive with extensively international experience, particularly in Asia, has a strong background in both the technology and service industries. He will be Oerlikon's first segment CEO based in Asia. The position of Oerlikon Group COO will be eliminated. The Oerlikon Group will also simplify its Textile Segment to further increase competitiveness and profitability. Textile India Progress is pleased to publish the key elements of change of Oerlikon Textile.