Rieter reports textile machinery order increase - sportstextiles: Lea SportsTextiles

News

Rieter reports textile machinery order increase of almost 50%

28/10/2016
Swiss textile machinery manufacturer Rieter has reported a 22% increase in the volume of orders it received in the first nine months of 2016 compared to the same period last year. With regard to orders that relate specifically to machines and systems (the company also includes after-sales services and components in its revenue calculations), the increase is substantially higher at 47%.

The overall value of orders in the first nine months of this year was CHF 718.4 million, with machines and systems orders accounting for CHF 477.6 million of that total.

Orders from Chinese textile manufacturers “continued to be below average”, Rieter said on announcing the figures and orders from Turkish textile firms in the third quarter were “ considerably below the level achieved in the first months of 2016”. But the company said it was very pleased with “major orders” received from India, with its K42 compact spinning machine range proving particularly popular there.



Related stories:

Dip in sales and orders for Rieter 20/07/2017
Rieter moves into “adjacent fields” with new acquisition 03/07/2017
Sales dip as Rieter announces changes 02/02/2017

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.