Amarnaathh Enterprises, Coimbatore has been receiving extremely good response to its successful innovations in carding. The successful performance of its retrofits has earned it repeat orders. The C1/3 and LC 100 cards, the most successful cards in the world, meet any challenges of different types of raw material.
Browsing: Rieter
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.
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.
Rieter is presenting new machine generations for preparation and end spinning as well as appropriate spare parts, is showing components for the economical manufacture of high quality yarns in addition to aftersales services and is demonstrating optimisation possibilities for spinning mills with the assistance of so-called ‘Internet of Things’.
The Board of Directors of Rieter Holding AG has appointed Jan Siebert to Rieter?s Group Executive Committee, effective April 1, 2016
The Board of Directors of Rieter Holding AG has appointed Jan Siebert to Rieter?s Group Executive Committee, effective April 1, 2016