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Banks should lower interest rates: G Muralikrishna
In this interview, G Muralikrishna, Director, Fiberplus Tex Products, speaks on the company’s journey over the years, and some of the major products offered by them for the textile industry.
Rieter order intake up 7% in 2019
Net profit rose to CHF 52.4 million (6.9 per cent of sales) and thus was significantly higher than in the previous year (2018: CHF 32.0 million or 3.0 per cent of sales).
Rieter sales down 29%
According to the first, unaudited figures, total sales of CHF 760 million were achieved, which is 29 per cent down on the previous year (2018: CHF 1 075.2 million).
Roman Haefeli heads Sales of SSM
Increasing customer demands require increasing sales service responsibilities. To strengthen the worldwide team and to achieve complete customer satisfaction, SSM Schärer Schweiter Mettler AG is pleased to announce the appointment of Roman Haefeli as Head of Sales.
Switzerland: The cradle of innovation
Switzerland, the largest producer of textile machinery, is recognised worldwide for its outstanding quality and innovative products in textile machines.
SSM to premiere drum winder
Last but not least SSM is exhibiting the winding machine for the preparation of low-density muffs made of high-elastic yarns, which enables to preserve the highest possible residual elasticity of the yarn throughout the dyeing process.
SSM - combined power of 300 years of experience
SSM Textile Machinery, Horgen (Switzerland), is a subsidiary of the Rieter Group based in Winterthur (Switzerland). It is the one brand and trendsetter that drives the global market in winding technologies and machines.
Rieter posts strong FY2017 results
Rieter posted an order intake of CHF 1,051.5 million in FY2017. This represents an increase of 16% compared to the previous year (increase of CHF 146.3 million).
A significant increase in order intake and order backlog at the end of the year marked the 2017 financial year. In terms of sales, Rieter posted a slight increase. The EBIT margin before restructuring charges was 5.4 per cent. Despite special effects, the company’s dividend policy and solid financial position allow the payment of an attractive dividend. Therefore, the Board of Directors proposes to the shareholders to leave the dividend unchanged at CHF 5.00.
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