Textile companies ‘reluctant to invest’ in machi - sportstextiles: Lea SportsTextiles

News

Textile companies ‘reluctant to invest’ in machinery

01/02/2016
A Chinese government programme to invest in textile making in Xinjiang province created a demand for machines and helped offset a reluctance to invest in other areas, according to Swiss machinery maker Rieter.

It earned CHF 139.8 million ($137 million) from China in 2015, 20% lower than its sales for 2014.

The Indian market was stable with sales up sales were 9% to $139 million; sales in Turkey were flat at $140 million but was showing “signs of recovery” while sales of $195 million in North and South America in 2015 were at the same level as in the preceding year.

The bright spot came in Asia excluding China, where sales rose 19%.

The company said: “The overall trend in demand in 2015 was characterised by positive developments in the After Sales and Components business groups and a cyclical reluctance to invest in the Machines & Systems business. Following a low point in the third quarter, demand in the machinery business recovered toward the end of the year.”

Related stories:

Sales dip as Rieter announces changes 02/02/2017
Rieter’s orders on the increase 21/07/2016
South Asia apparel exports to US on the rise 09/05/2016
Job losses in Switzerland as Rieter cements position in Asia 16/03/2016
Rieter to choose new directors in April 01/12/2015
Rieter warns of low orders but concentrates on upgrades for spinners 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

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.