Sales surge makes Turkey Rieter’s largest single market
31/01/2019
The Swiss company, which specialises in systems for spinning short-staple fibres, said sales of its technology fell year on year in China and India, by 19% and 16%, reaching CHF 148.6 million and CHF 146.2 million, respectively.
On the other hand, the company saw a surge in sales in Turkey. Sales there grew by 55% there in 2018, reaching CHF 154.8 million, making Turkey its largest single market.
Rieter said the introduction of the new ring and compact spinning machines had helped it achieve growth in Turkey, which it described, nevertheless, as “a difficult market”. In contrast, it said its sales in China had been affected by the end of subsidies to help textile manufacturers invest in new technology.
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