First-half growth for Rieter
24/07/2014
Sales revenues during the first half of 2014 reached 5221.1 million CHF, an increase of 9% year on year, and earnings were up by almost 60% at 48.4 million CHF.
Rieter established additional capacity in China and India during an investment programme in 2012 and 2013 investment program and this extra capacity contributed substantially to the company’s development in the first half of 2014, it said.
It said that in China the market for staple fibre machinery was tight owing to the credit situation for spinning mills and the high cost of raw materials. The market for viscose yarns, for which it supplies semi-automatic rotor spinning machines, also remained subdued. On the other hand, it said demand for ring spinning machines was good.
The company also highlighted Vietnam, the US and Turkey as markets in which customers had invested heavily in new technology in the six-month period.
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