Xinjiang Kangruixin Textile Co Ltd is a fully invested subsidiary of Henan Shenqiu Sanzha Textile Co Ltd. The company operates 50,000 ring spindles, 640 semi-automated rotor units and 260 sets of high-speed rapier looms.
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As a new player in the airjet yarn market, Rieter customer Suzhou Sishon Biofibre Co Ltd aims to become one of the largest producers in China.
Rieter is the world’s leading supplier of systems for short-staple fibre spinning. Based in Switzerland, the company develops and manufactures machinery, systems and components used to convert natural and manmade fibres and their blends into yarns.
As a new player in the airjet yarn market, Rieter customer – Suzhou Sishon Biofibre Co Ltd – aims to become one of the largest producers in China. Despite increasing energy and personnel costs, the company’s goal is to market a yarn with a high level of quality and consistency.
Rieter’s customer Honghai Hangzhou Textile Co Ltd is very successful on the market with its viscose yarns. Increased demand meant the company was looking for ways to increase production and was able to achieve this with new technological parts.
Nearly 85 top executives of leading spinning mills of India followed the Nitin Spinners Ltd and Rieter invitation to have a close impression of complete system installation of Rieter compact spinning machine. This two-day event the participants had the opportunity to have deep interactions on advantages of Rieter Systems.
Rieter posted an order intake of CHF 1,051.5 million in FY2017. This represents an increase of 16% compared to the previous year (increase of CHF 146.3 million).
A significant increase in order intake and order backlog at the end of the year marked the 2017 financial year. In terms of sales, Rieter posted a slight increase. The EBIT margin before restructuring charges was 5.4 per cent. Despite special effects, the company’s dividend policy and solid financial position allow the payment of an attractive dividend. Therefore, the Board of Directors proposes to the shareholders to leave the dividend unchanged at CHF 5.00.