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Filc is part of Freudenberg Group
Effective December 31, 2019, Freudenberg, the global technology group acquired 100 percent of Filc shares. The purchase agreement was signed in November.
Rieter investor update 2019
The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30 per cent compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238 million).
TAI appoints Vikas Gharat as President of Mumbai unit
Vilas Gharat has been appointed as President of The Textile Association (India), Mumbai Unit. Gharat is working as a Managing Director, having over 50 years’ experience in manufacturing function in all composite sectors of textile industry.
Rieter’s sales in Asia up 38%
In the Asian countries (excluding China, India and Turkey), Rieter increased sales in the reporting year by 36 per cent to CHF 433.9 million, of which Uzbekistan made a significant contribution of CHF 144.1 million.
Sales rise, order intake falls for Rieter
In the Asian countries (excluding China, India and Turkey), Rieter increased sales in the reporting year by 36 per cent to CHF 433.9 million, of which Uzbekistan contributed CHF 144.1 million.
SERVOlap E 26 automatises combing installations
Thanks to the SERVOlap E 26, a reduction in labour costs of up to 30 per cent can be achieved. The flexible and efficient transportation of laps allow for carefree machine operation in combing installations; and smooth machine operation can be continued even through the night shift.
R Albrecht is new MD of Suessen
With effect from January 1, 2018, Roger Albrecht was appointed Managing Director by the Board of Directors of Spindelfabrik Suessen GmbH, Germany.