Rieter posted an order intake of CHF 975.3 million in the first half of 2021, an increase of 289% compared to the previous year period. The global recovery is based on a catch-up effect relating to 2019 and 2020 and a regional shift in demand.
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Rieter presented technologies in the physical and virtual booth that ensure customers’ competitiveness covering automation, fiber yield, energy cost, productivity, flexibility, and intelligence at ITMA Asia + CITME 2021.
The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India. Order intake in the first half of 2021 is expected to be around CHF 800 million.
Rieter, the world’s leading supplier of systems for short-staple fiber spinning, received orders of around CHF 300 million in April 2021. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.
Minimum environmental pollution, maximum power consumption savings, optimum use of resources: These are just some of the factors that Rieter has considered for decades when developing new products. The spinning systems offer customers sustainable yarn production and long-term profitability.
Picanol Group has today acquired a minority stake in Rieter Holding AG , amounting to
a total of 467,236 shares for a price of 45.4 million EUR.
Order intake of CHF 640.2 million in the 2020 financial year was 31 per cent down on the previous year. Following the significant slump in demand in the second quarter of 2020, order intake recovered in the third quarter and improved further in the fourth quarter.