Demand grows for Rieter textile machinery
31/01/2018
Orders for new machines and systems contributed 63.5% of the total, with revenues of CHF 668.2 million, which represents an increase of 13% compared to the previous year; after sales and components accounted for the rest.
Rieter said growth in orders from most Asian countries was “pleasing”. It said Uzbekistan, Bangladesh and Indonesia in particular contributed to this growth, with its classic ring-spinning systems proving especially popular in these countries.
Orders from China were up on the previous year, thanks also to initial orders for the J26 air-jet spinning machine. In India, the company said investment restraint owing to the introduction of a harmonised sales tax (GST) led to a decline in orders compared to the previous year, although it said demand picked up again slightly towards the end of the year.
After a hesitant first half of the year, demand from another key market, Turkey, gained in momentum in the second half of the year. There were also what Rieter referred to as major projects in the US and in Brazil.
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