Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5 per cent block of shares to the Picanol Group.
Browsing: spinning machines
The increase in awareness of the damage caused by synthetic materials on the environment has led to the development of eco-friendly materials. ITJ reports on various natural fibres available.
The Autoairo air-spinning machine, which the innovation pioneer Saurer launched at ITMA 2019, is a sensation, because it defines new benchmarks in productivity, efficiency and especially automation in the lucrative air-spinning market. The interest from visitors and the spinning industry in general has been overwhelming.
Grasim Industries has added Rieter’s latest air-jet spinning machine J 26 at Textile Research and Development Centre (TRADC) in Kharach, Gujarat (India).
The group posted sales revenue amounting to RMB 9 220 million, a year-on-year (YoY) increase of 5.8 percent (2017: RMB 8,713 million). Saurer’s sales in its biggest market, China, rose by 11.2 percent.
In the Asian countries (excluding China, India and Turkey), Rieter increased sales in the reporting year by 36 per cent to CHF 433.9 million, of which Uzbekistan made a significant contribution of CHF 144.1 million.
The G 37 and K 47 were developed for markets where there is not a shortage of available personnel and the requirements for flexibility and yarn quality are high.