Strong market recovery boosts textile machinery sales for Rieter
Swiss specialist short-staple fibre spinning technology provider Rieter has reported sales of just over 400 million Swiss francs (CHF) for the first six months of this year. There was growth in every region except Europe and Africa.
Sales in China brought in CHF 68.5 million, an increase of 85% compared to the first six months of last year. The Turkish market accounted for CHF 59.8 million, up by 17% year on year, while India contributed CHF 51 million, an increase of 188%.
Sales revenues from the rest of Asia were CHF 137 million, up by 57%, while sales in the Americas reached CHF 59.8 million, an increase of 94%.
There were declines in sales of Rieter’s technology of 24% in Europe and of 11% in Africa, where revenues for the six-monht period were CHF 18 million and CHF 6.4 million respectively.
On reporting the results, Rieter said: “The first half of 2021 has been characterised by a strong market recovery, in combination with a regional shift in demand for new machinery and systems.” It said that if spinning mills “continue to work at high-capacity levels”, its sales for the full year are likely to be above CHF 900 million.
