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Rieter warns of low orders but concentrates on upgrades for spinners

13/11/2015
Textile machinery maker Rieter has said orders for new machines are low due spinning mills’ low margins as well as uncertainty in the markets.

The Swiss group says it is expecting sales of about 1 billion CHF ($1 billion) this year, as it presents its latest developments at the ITMA machinery fair.

The Machines & Systems division will be displaying the new E 36/E 86 combing set, which offers a significant increase in productivity, according to the company. The enlarged R 66 rotor spinning machine with improved S 66 spin box and the optimized air-jet spinning machine with a polyester option P 26 will also be presented.

The extended SPIDERweb Mill Control System will all be highlighted; the first step towards using the “Internet of Things” for optimizing the spinning mill. (The Internet of Things (IoT) is the network of physical objects embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.)

ITMA is under way in Milan, Italy (November 12 to 19).

Related stories:

US protects domestic polyester makers by raising import taxes 02/11/2017
Rieter moves into “adjacent fields” with new acquisition 03/07/2017
Sales dip as Rieter announces changes 02/02/2017
Rieter’s orders on the increase 21/07/2016
Job losses in Switzerland as Rieter cements position in Asia 16/03/2016
Textile companies ‘reluctant to invest’ in machinery 01/02/2016
ITMA under way in Milan after 20 year hiatus 13/11/2015
Rieter to reduce production and employee numbers in Switzerland 22/10/2015
Rieter sales up, but points to “subdued” orders for new machines 24/07/2015
Rieter ups commitment to China with spinning research centre 29/04/2015
Record results for Rieter 23/03/2015
Turkey takes over as textile machinery maker’s biggest market 04/02/2015
Rieter puts emphasis on after-sales business 22/01/2015
Rieter makes director appointment to grow after-sales business 01/12/2014
Rieter still confident of growth this year despite Q3 slowdown 04/11/2014
Rieter reports “pleasingly high” level of demand for textile machinery 18/03/2014

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