Rieter reports “pleasingly high” level of demand for textile machinery
18/03/2014
“After a subdued start to the year, the market for short-staple fibre machinery and components gained momentum in the course of 2013,” the Swiss company said in a statement on March 18. “Spinning mills’ margins continued to develop favourably, and this stimulated customers’ willingness to invest. This positive trend was broad-based in regional terms and apparent in a large number of national markets. Following a strong initial six months, demand stabilised in the second half of the year, but remained at a pleasingly high level.”
Rieter said its order backlog already reaches into 2015 and that it expects full-year sales for this year to show high single-digit growth compared to 2013.
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