Machinery

Almost 90 Exhibitors From Germany Participating At ITM 2024

Textile Insights May 24, 2024

Almost 90 exhibitors from Germany will exhibit at ITM 2024 exhibition, most of whom are members of the VDMA. ‘In addition to VDMA member companies exhibiting in their own booth, numerous VDMA members will be represented in Istanbul via their agents,” VDMA said in a press release. They cover

Event

ITM 2024 To See Record Exhibition Space & Exhibitor Numbers

Textile Insights May 22, 2024

ITM 2024 exhibition which will be held from June 4-8, 2024 will break new records in terms of exhibition space and also exhibitor numbers The exhibition is seeing a significant increase in number of new exhibition companies due to which their numbers have reached more than 1,300 companies from more than 70 countries. The exhibition […]

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 […]

Event

ITM 2024 Exhibition Will Be Held From June 4-8 In Istanbul

Textile Insights February 21, 2024

ITM 2024 exhibition will be held from June 4-8, 2024 in Istanbul where visitors will have the opportunity to discover the technologies that will shape the future of textile. ‘ITM 2024 will be organised this year with the motto ‘Discover the Future’ and will offer an unmissable opportunity for those who want to discover the […]

Machinery

Italian Textile Machinery Order Index Stable In Q4 Of 2023

Textile Insights February 20, 2024

In the fourth quarter of 2023, the Italian textile machinery orders index remained stable compared to data recorded for the same period in 2022 and stood at 82.4 points. “This is the result of an upswing in orders from foreign markets, counterbalanced by declining orders on the domestic front,” the Association of Italian Textile Machinery […]

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 […]

Machinery

Global Textile Machinery Market To Grow At CAGR Of 6.1% Till 2033

Textile Insights January 29, 2024

The global textile machinery market which was valued at US $29 billion in 2023 is expected to grow at a CAGR of 6.1 percent and touch $52 billion by 2033. According to a Fact.MR report, among all textile machinery sales, those of spinning machines are projected to grow at a CAGR of 4.6 percent from […]

Financial Results

Rieter Group Sales Drop 6% To CHF 1,418.6 Million In 2023

Textile Insights January 24, 2024

The Rieter Group released its unaudited figures for financial year 2023 in which its sales dropped around 6 percent to CHF 1,418.6 million as against CHF 1,510.9 million in 2022. The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7 percent year on year, while sales at the Business […]

Event

ITMA Asia Opens Its Doors On Nov 19 With 1,500 Exhibitors

Textile Insights November 20, 2023

The eighth edition of ITMA ASIA + CITME exhibition, opened its doors on November 19 at the National Exhibition and Convention Centre in Shanghai. The exhibition is being held on 160,000 square metres space and occupies six halls at the venue and features exhibits from 18 product sectors of the entire textile manufacturing value chain. […]

Financial Results

Rieter Sales Increase 11% In First Nine Months Of 2023

Textile Insights October 20, 2023

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1092.9 million, up 11 percent, as compared to CHF 987.4 million in the same period of 2022. “In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year,” Rieter observed in the press […]