The significant decline in sales in the machinery business resulted in an operating loss (EBIT) ofCHF -1.2 million in the first half of 2019 (first half year 2018: CHF +14.1 million).
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Grasim Industries has added Rieter’s latest air-jet spinning machine J 26 at Textile Research and Development Centre (TRADC) in Kharach, Gujarat (India).
The joint co-operation between Grasim and Rieter will provide benefits both in downstream processing and in the fabric.
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.
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.
The Rieter Group has completed the acquisition of a 25 percent stake in Electro-Jet S.L. on December 14, 2018 upon approval by the Spanish antitrust authority.
The Board of Directors of Rieter Holding AG has appointed Rico Randegger to the Group Management of the Rieter Group with effect from June 1, 2019. He will be responsible for the Business Group After Sales.