At present, it is not possible to predict how the global Covid-19 pandemic will affect Rieter’s sales and earnings in the first and second half of 2020, and thus also for 2020 as a whole.
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The focus is on the reintegration of affected employees with the support of the Regional Employment Centre (RAV) as well as a job centre and the avoidance of hardship cases.
The total volume of the contracts sums up to around 210 million Swiss Francs, including the contracts which had been signed at ITMA 2019 in Barcelona and which represent a volume of around 180 million Swiss Francs.
The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30 per cent compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238 million).
Kanish Spinning Mill produces with its rotor spinning machines R 36 consistently high-quality yarn from regenerated raw material at 98.5 per cent machine efficiency.
The high-quality technology components of the G 32 ensure consistent yarn quality, even when the machine is operated at high speed. The excellent, CVb value contributes significantly to the machine’s simple maintenance.
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.