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The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government´s recent Rs.6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.
AE retrofits at par with latest cards
Amarnaathh Enterprises, Coimbatore has been receiving extremely good response to its successful innovations in carding. The successful performance of its retrofits has earned it repeat orders. The C1/3 and LC 100 cards, the most successful cards in the world, meet any challenges of different types of raw material.
Rieter makes 32% jump in order intake
Rieter’s order intake increased by 32 per cent to CHF 510.7 million in the first half of 2016 (CHF 388.3 million in the first half of 2015), thanks in particular to stronger demand in the machinery business. As expected, order intake was thus significantly higher than sales of CHF 436.9 million (CHF 553.9 million in the first half of 2015). Rieter achieved EBITDA of CHF 34.4 million or 7.9 per cent of sales (CHF 66.0 million or 11.9 per cent of sales in the first half of 2015) due to good results of the Components and After Sales business groups. EBIT amounted to CHF 15.7 million while the EBIT margin was 3.6 per cent (CHF 46.1 million and 8.3 per cent respectively in the first half of 2015).
Rieter delivers C 70 Card No. 3333 to Chinese firm
The C 70 card is one of Rieter’s most successful products. On April 28, 2016, Rieter presented a crystal cube of the C 70 card No. 3333 to the Chinese customer Kashi Xinyue Textile Co Ltd. Rieter launched the C 70 card in 2010.
A grand fete for Rieter's saga of success in India
The year of Swiss innovation in India is an initiative by the Embassy of Switzerland, which brought together the scientific communities, researchers and entrepreneurs of India and Switzerland.
Siebert gets a new role at Rieter
The Board of Directors of Rieter Holding AG has appointed Jan Siebert to Rieter’s Group Executive Committee, effective April 1, 2016
Jan Siebert brings expertise to Rieter R&D
The Board of Directors of Rieter Holding AG has appointed Jan Siebert to Rieter's Group Executive Committee, effective April 1, 2016. Jan Siebert will be in charge of the Machines & Systems Business Group.
Rieter posts strong results
Rieter’s sales in 2015 amounted to CHF 1,036.8 million; in comparison to 2014; a significant increase in sales was recorded by the Components and After Sales business groups.
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