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.
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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.
In the third quarter of 2018, order intake was CHF 66 million (Q3 2017: CHF 66.8 million).
The new machines produce at a delivery speed of up to 1,200 m/min per head.
Customised system solutions for every customer need: Rieter enables spinning mills to achieve extremely high efficiency rates and a competitive advantage over the entire life cycle of a spinning mill.
With the new Digital Spinning Suite platform, Rieter writes a new chapter in the digitisation of spinning mills.
Rieter achieved a strong increase in sales of 80 per cent to CHF 200.1 million in the Asian countries not including China, India and Turkey.