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.
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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.
The Rieter Group achieved an order intake of CHF 905.2 million in the 2016 financial year, which represents an increase of 13 per cent compared to the previous year (CHF +103.6 million).
Rieter is the leading supplier of installations for manufacturing yarns from short staple fibres. As a competent partner, Rieter makes customers‘ lives easier. It provides advice and support from the initial investment discussions to the successful operation of their spinning mills.
Rieter will exhibit a wide range of innovations at ITME 2016. As the world leader in compact technology, Rieter will show the K 42 compact spinning machine and the G 32 ring spinning machine with EliTe®. The learning system Rieter ´UPtime´ Solutions, which supports the preventive maintenance of plants, represents a further step towards the digitisation of spinning mills.