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

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