Home / Knowledge / News / Textiles / Textile machine maker Rieter hits global realignment goal
Textile machine maker Rieter hits global realignment goal
30
Oct '13
On October 30, 2013 the global market leader in textile machinery and components holds its annual investor day at the Winterthur headquarters.

Main subject is the investment program 2012 / 2013, which will be largely completed by the end of the year. Executive Chairman Erwin Stoller announces that the company has already reached its global realignment goal, and he also sees appreciably better prospects for the year as a whole.

The investment program 2012 / 2013 has clearly improved Rieter´s Asian market positioning. By being both globally and locally present, a wider diversification of country sales is now possible. Moreover the global footprint enables a better estimation of market trends and speeds up communications. Thanks to these advances, Rieter can profit more from market trends and take full advantage of sales potential in China, its biggest market.

The investment program has also revitalized Rieter´s traditionally high innovation performance. New products such as the K 46 compact spinning machine and semiautomatic R 35 rotor spinning machine, as well as high-performance components including the LENA spindle, have made the company more competitive.

The improved version of the J 20 airjet spinning machine has also brought selective sales successes. Erwin Stoller is convinced that Rieter will achieve a breakthrough with the airjet spinning machine for other applications as well, thus taking advantage of additional market potential in the medium term.

Production process improvements in particular have significantly increased competitiveness, and the standardization of global IT-supported business processes will also remain in focus during 2014. According to Executive Chairman Erwin Stoller, the investment program 2012 / 2013 has now laid the groundwork for ongoing success in future.

Markets remain lively; order intake on high level Market conditions are still favourable, although with wide regional diversification. Demand in Turkey and China weakened compared with the strong order intake in the first half year, and in India improved only slightly.

Thanks to strong market posi tioning, Rieter was able however to take full advantage of the gratifying demand particularly in other Asian markets and North America. Accumulated order intake per end of the third quarter 2013 totalled just over one billion Swiss francs. At the same time Rieter has managed to uphold margins in a challenging competitive environment.

Appreciably better outlook for 2013 as a whole

Rieter continues to focus on lowering the break-even threshold, and in this connection is continuing with the workforce adjustments announced in spring 2013. At the same time, Rieter also seeks to improve profit margins by reducing production costs, through optimal allocation of capacities and price discipline.

With broadly based business worldwide, Rieter still expects a good but slightly declining demand for textile machinery and components during the last few months of 2013. Demand depends among other factors on the development of yarn and raw materials prices, currency exchange rates, financing costs, and global consumer sentiment.

Based on the current order backlog – already reaching well into 2014 – full year sales for 2013 are expected to show low double digit growth compared to 2012.

Against 2012 levels before disposal gains, operating result (EBIT) is expected to profit from volume growth. This includes strategic project costs of about 25 million CHF for the 2012 / 2013 investment program.

Rieter


Must ReadView All

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Apparel/Garments | On 18th Aug 2017

Papua New Guinea govt to help set up garment industry

The government of Papua New Guinea (PNG) plans to focus and fund...

Courtesy: FineLine Technologies

Apparel/Garments | On 18th Aug 2017

FineLine Technologies acquires RER International

FineLine Technologies Inc., industry’s fastest supplier of retail...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X