Corporates

Rieter Announces Leadership Change As Thomas Oetterli Steps Down As CEO

Textile Insights September 30, 2026

Rieter has announced a change in its leadership, with Thomas Oetterli stepping down as CEO effective October 31, 2026, and handing over the Chairmanship of the Board of Directors. Daniel Lippuner will take over as CEO from November 1, 2026. Oetterli said the decision follows the successful

Technology

Coarser Spinning’s Successful Entry Into Coarse-Count Segment With Rieter’s Autoconer X6

Textile Insights September 9, 2026

To strengthen its market position and diversify beyond commodity yarns, Coarser Spinning invested in an integrated Rieter ring spinning and winding solution. The combination of ring spinning machines G 38 and Autoconer X6 winding technology enables efficient coarse-count yarn production with outstanding quality, productivity, and cost efficiency. Phenix Spinning Pvt Ltd

Corporates

Rieter Announces Change In Group Executive Committee

Textile Insights August 25, 2026

Roger Albrecht to Leave Rieter in Q1 2027 Rieter has announced a change in its Group Executive Committee, with Roger Albrecht, Head of the Components & Technology Division, set to leave the company to pursue a new opportunity outside the Rieter Group. Albrecht has been with Rieter for 11 years and has played a key […]

Corporates

Rieter H1 Sales Rise 72% As Barmag Integration Advances

Textile Insights July 17, 2026

Rieter reported a strong increase in order intake and sales for the first half of 2026, driven primarily by the first-time consolidation of Barmag following the completion of the largest acquisition in the company’s history. Order intake rose 56% year-on-year to CHF 554.1 million, compared with CHF 355.4 million in the first half of 2025. […]

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 industrialisation strategy, outgoing President Benedict Oramah announced at the

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 […]