Strong H1 growth at Rieter - sportstextiles: Lea SportsTextiles

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Strong H1 growth at Rieter

11/08/2010
Textile and automotive machinery supplier Rieter managed to exploit better market conditions, particularly within the textile machinery industry, during the first half of 2010 to generate organic growth. Its order intake increased by 92% to CHF 1.6 billion ($1.5 billion) compared with CHF 840 million during the first half of 2009. Sales grew 34% to CHF 1.2 billion compared with 899.8 million.
Orders received by Rieter Textile Systems during the first six months were up 290% to CHF 738.6 million compared with CHF 189.6 million in the 2009 period. The upswing was most pronounced for staple fibre machinery, but demand for technology components was also strong. The largest volume of orders came from Turkey, India and China. Other Asian markets such as Indonesia, South Korea, Bangladesh and Pakistan also recorded very strong growth.

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