On June 30, 2017, Rieter acquired the SSM Textile Machinery Division (SSM) from Schweiter Technologies AG, Horgen (Switzerland).
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Rieter’s RSB-D 50 Autoleveller Draw Frame has achieved a new dimension in productivity, quality and easy operation. The new single-head draw frame generation from Rieter offers an unprecedented level of productivity with the highest quality standards.
The new combing set achieves the greatest productivity worldwide. The technology advantage of Rieter combing is based on the optimal interaction between machine and technology components, thinks Yvan Schwartz. Confirmation of this strength, not only in the laboratory but especially under real production conditions with different cotton types, is Rieter s guarantee for the customers success.
Incorporated on August 1, 1995 as a wholly owned subsidiary of Rieter Group, Switzerland, Rieter India Private Limited is one of the leaders in the market for textile spinning machines, and is recognised as a supplier of entire spinning systems from a single source, complemented by its reliable and proficient customer service. Rieter India provides sales, service and technical support from the branch offices at Coimbatore, Chandigarh, Ahmedabad, Bhilwara and Guntur. Rieter India manufactures its spinning product range from its manufacturing facility at Wing, Satara.
The 2016 financial year was characterised by a significantly higher order intake, especially in the first half year, and lower sales compared to the previous year. Despite the decline in sales, Rieter achieved an EBIT margin of 6 per cent. Against the background of the solid financial and earnings position, the Board of Directors proposes to the shareholders to increase the dividend compared to the previous year.
Both in China and India, Rieter significantly increased sales, by 33 per cent to CHF 186.5 million and by 28 per cent to CHF 182.1 million, respectively. In the other Asian countries, sales declined by 12 per cent.
Both in China and India, Rieter significantly increased sales, by 33 per cent to CHF 186.5 million and by 28 per cent to CHF 182.1 million, respectively. In the other Asian countries, sales declined by 12 per cent.