Industry

Afreximbank To Build U$5 Bn Textile Hub In Nigeria

Textile Insights July 10, 2025

The African Export-Import Bank (Afreximbank) will begin construction of a U$ 5 billion integrated textile industrial facility in Nigeria this July, in partnership with Arise IIP and Swiss textile machinery firm Rieter, supported by the Swiss government. The move is part of a continent-wide

Corporates

Rieter To Acquire Barmag For CHF 713 Million

Textile Insights May 6, 2025

Rieter has signed a definitive agreement to acquire Barmag, a division of OC Oerlikon, for an upfront equity purchase price of CHF 713 million. This strategic acquisition will position Rieter as a global leader in both natural and manmade fiber technologies and significantly accelerate the company’s growth strategy. Barmag, a global market leader in equipment […]

Fibre

Tearfil Starts Spinnova’s R&D Spinning Line Supplied By Rieter

Textile Insights May 9, 2024

Tearfil mill in Portugal has inaugurated Spinnova’s R&D yarn spinning line under a yarn development agreement under which the two companies will share the capacity of the spinning line. The spinning line machinery was delivered by Rieter and the R&D spinning line will be used for product development and testing of Spinnova fibre. The aim […]

Machinery

Rieter Presenting Range Of Compelling Solutions At ITM 2024

Textile Insights May 8, 2024

Rieter is presenting a range of compelling solutions at ITM 2024 designed to automate, digitise and optimise operations, so that mill owners can successfully expand their competitive advantage. “Rieter’s digital spinning suite Essential plays a key role in helping mills realise their full potential,” Rieter said in a press release. “Each week in spinning mills […]

Corporates

CEO Thomas Oetterli Elected As Chairman Of Rieter BoD

Textile Insights April 18, 2024

CEO Thomas Oetterli was elected as Chairman of the board of directors (BoD) of Rieter Holding at the 133rd annual general meeting of the Swiss textile machinery manufacturing company. Additionally, 312 shareholders who attended the meeting and who represent 68.7 percent of the share capital approved the proposal to distribute a dividend of CHF 3.00 […]

Financial Results

EBIT Margin At Rieter Group Stands At 7.2% In 2023

Textile Insights March 13, 2024

Profit at the Rieter Group at the EBIT level in financial year 2023 was CHF 101.7 million vis-à-vis CHF 32.2 million in 2022, which represents an EBIT margin of 7.2 percent. Sales at the Swiss textile technologies manufacturer slipped 6 percent to CHF 1,418.6 million in 2023 as against CHF 1,510.9 million in its earlier […]

Machinery

Rieter Bags Big Order For Combers & Draw Frames From Chinese Mill

Textile Insights March 7, 2024

Rieter has received an order for the first batch of Rieter technologies amounting to around CHF 62 million from Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW). Rieter also signed a partnership with DIW to develop intelligent yarn manufacturing technology that utilises digitisation and automation to minimise conversion costs and maximise

Corporates

Rieter Wins Major Chinese Draw Frame Patent Dispute

Textile Insights February 8, 2024

In a judgment, the Supreme People’s Court of the People’s Republic of China ruled in favor of Rieter in a legal dispute concerning infringement of a Rieter patent by a competitor’s draw frame. “Rieter protects its innovations with patents and registered designs and consistently takes action against infringements of its intellectual property,” the Swiss company […]

Sustainability

Swiss Textile Recycling Ecosystem Launched To Pioneer Circular Economy

January 21, 2024

The Swiss Textile Recycling Ecosystem has been officially launched, uniting key players from the entire textile value chain to foster a circular economy. At the core of this initiative is an innovative recycling technology developed by Worn Again Technologies (WAT), based in the UK. WAT, which recently announced plans to construct a demonstration plant near […]

Corporates

Thomas Oetterli Proposed As New Chairman Of Rieter

December 13, 2023

Bernhard Jucker will not stand for re-election as Chairman of the Board of Directors at the next Annual General Meeting on April 17, 2024, having reached the age limit. The Board of Directors would like to thank Bernhard Jucker for his outstanding and valuable commitment. During his term of office, he has successfully developed the company […]