At the Swiss-Egyptian Investment Forum which took place in Cairo (Egypt), the Cotton & Textiles Holding Company and Rieter signed additional contracts related to the modernisation programme for the Egyptian textile industry.
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The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30 per cent compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238 million).
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.
The all-in-one spinning mill management system: ESSENTIAL – Rieter Digital Spinning Suite integrates all digital applications. The system connects all machines and auxiliaries that influence the production of yarn and provides user-defined interfaces for third-party systems such as enterprise resource planning (ERP).
At ITMA 2019, Rieter showcased innovations for all four spinning processes that are established on the market.
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).