RIETER Media Release

Rieter is the world’s leading supplier of systems for short-staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four end spinning processes currently established on the market. With 18 manufacturing locations in ten countries, the company employs a global workforce of some 5 230, about 20% of whom are based in Switzerland.

The amount of orders received by the Rieter Group in the first nine months of 2017 was higher than for the same period of the previous year. Cumulative order intake amounted to CHF 765.0 million and was thus up by 6% on the said prior year period. Order intake in the third quarter was CHF 269.7 million.

The market environment in the third quarter of 2017 was characterized by differing dynamics in the individual countries as well as with regard to the product categories. While Rieter achieved a high order intake in Asia (excluding China, India and Turkey), demand in China, and particularly India, was restrained. In Turkey, demand for new machines revived in the third quarter.