Big boost for Rieter with orders up 50%
31/01/2014
“Spinning mills in all major markets are increasingly placing their confidence in machinery and components which enable a high degree of automation to be achieved in conjunction with higher productivity and yarn quality with lower energy consumption,” said Rieter in a statement.
Government backing in Turkey drove increased orders from the country, with “healthy demand” also coming from Pakistan, Uzbekistan, South Korea, Bangladesh, Indonesia and Vietnam.
“Spinning mills in the US are renewing capacity as the industry benefits from a competitive cost structure,” it added.
However, investments by Chinese spinning mills waned towards the end of the year due to large raw material inventories and growing difficulties with financing investment projects.
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