News

Rieter warns of low orders but concentrates on upgrades for spinners

13/11/2015

Textile machinery maker Rieter has said orders for new machines are low due spinning mills’ low margins as well as uncertainty in the markets. The Swiss group says it is expecting sales of about 1 billion CHF ($1 billion) this year, as it presents its latest developments at the ITMA machinery fair. The Machines & Systems division will be...

To continue reading this story, please sign in or register.

Related stories:

US protects domestic polyester makers by raising import taxes 02/11/2017
Rieter moves into “adjacent fields” with new acquisition 03/07/2017
Sales dip as Rieter announces changes 02/02/2017
Rieter’s orders on the increase 21/07/2016
Job losses in Switzerland as Rieter cements position in Asia 16/03/2016
Textile companies ‘reluctant to invest’ in machinery 01/02/2016
ITMA under way in Milan after 20 year hiatus 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
Rieter makes director appointment to grow after-sales business 01/12/2014
Rieter still confident of growth this year despite Q3 slowdown 04/11/2014
Rieter reports “pleasingly high” level of demand for textile machinery 18/03/2014

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.