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.
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In India, major orders were placed for the Rieter’s K 42 compact system, while in China order intake continued to be below average, despite a slight revival. The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey.
The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey. The market environment in the third quarter was characterised by differing dynamics in the individual countries as well as with regard to the product categories.
The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey. The market environment in the third quarter was characterized by differing dynamics in the individual countries as well as with regard to the product categories.
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, avers 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. The technological resp. qualitative and economical benefits are illustrated as follows.
Rieter’s order intake increased by 32 per cent to CHF 510.7 million in the first half of 2016 (CHF 388.3 million in the first half of 2015), thanks in particular to stronger demand in the machinery business. As expected, order intake was thus significantly higher than sales of CHF 436.9 million (CHF 553.9 million in the first half of 2015). Rieter achieved EBITDA of CHF 34.4 million or 7.9 per cent of sales (CHF 66.0 million or 11.9 per cent of sales in the first half of 2015) due to good results of the Components and After Sales business groups. EBIT amounted to CHF 15.7 million while the EBIT margin was 3.6 per cent (CHF 46.1 million and 8.3 per cent respectively in the first half of 2015).
The C 70 card is one of Rieter’s most successful products. On April 28, 2016, Rieter presented a crystal cube of the C 70 card No. 3333 to the Chinese customer Kashi Xinyue Textile Co Ltd. Rieter launched the C 70 card in 2010.