Turkey takes over as textile machinery maker’s biggest market
04/02/2015
Sales increased by a total of 11% to
more than 1.1 billion Swiss francs. The Swiss company said it improved its market share thanks to successful products and an extended presence in Asia.
It said the market for short-staple fibre machinery and components continued a positive trend that began in 2013. Overall, demand was above the average of previous years, although momentum slowed in “some important markets” in the second half of the year.
In fact, Rieter’s sales in China declined by 22% in 2014, with compensation coming from a 21% increase in sales of textile machinery to India and an increase of 33% in Turkey. Turkey became a bigger market than China for Rieter in 2014, with sales of 264.4 million and 173.7 million Swiss francs respectively. The company also experienced a large increase, 78%, in the Americas.
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