Swiss textiele machinery maker Rieter expects financial year 2013 to give better results with its spun yarn systems and premium textile components. The company is expecting a net profit of around 3.5 per cent of sales. Rieter is a leading world supplier of textile machinery and components used in short staple fiber spinning. Based in Switzerland, the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns. It is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established in the market.

Rieter received 50 per cent improvement in orders for its spun yarn systems and a 21 per cent improvement in orders for premium textile components. Short staple fiber machinery and components gained momentum during 2013. There was notable growth in Rieter’s business in the second semester, especially for rotor spinning machines. The first half year showed strong demand in China and because of Rieter’s local presence in the market. There was healthy demand from Pakistan, Uzbekistan, South Korea, Bangladesh, Indonesia and Vietnam. Order level from India rose in the second half of the year at a modest level.

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