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Messe Frankfurt India announces entry in virtual space
Messe Frankfurt India together with the Indian Plumbing Association have mutually agreed to postpone the 2020 edition of ISH India powered by IPA and will be introducing ISH India Virtual powered by IPA - a new digital sourcing model for the industry.
Rieter 1H2020 severely impacted by Covid-19
Sales amounted to CHF 254.9 million (first half year 2019: CHF 416.1 million), which represents a decline of 39 per cent compared to the previous year period.
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).
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.
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