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Rieter’s orders down 17 per cent in 2018

In 2018 Rieter’s orders were down 17 per cent compared to previous year while sales were up 11 per cent. Rieter achieved higher sales thanks to organic growth in the Business Group Machines and Systems. In addition, the acquisition of SSM Textile Machinery in the Business Group Components supported this positive development.

The Business Groups After Sales and Components were able to maintain the previous year’s levels of sales despite weaker market dynamics during the second semester of 2018.

In Asia, excluding China, India and Turkey, Rieter increased sales by 36 per cent. Sales in China fell by 19 per cent. With the phasing out of the subsidy program in the western province of Xinjiang, the demand for machinery declined. Sales in India fell by 16 per cent. In Turkey, Rieter achieved sales in a difficult market environment, thanks to the introduction of the new ring and compact spinning machines.

In Europe, Rieter increased sales by three per cent. Rieter is the world’s leading supplier of systems for short-staple fiber spinning. Based in 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 for end spinning technologies.