Rieter Textile Systems records significant growth in 2007
31 Jan '08
3 min read
Textile Systems: striking increase in sales due to record deliveries to Turkey and India For textile machinery producers the investment climate on the world market was generally favorable in 2007. The strongest demand for spinning machinery came from Turkey and from the Asian countries India and China. Demand was especially strong in the first six months.
As a leading systems supplier, Rieter was able to take full advantage of the positive market environment in 2007 and posted a record level of orders received. This was due to systematic renewal of the product offering, an efficient global sales and service organization and increasing value added in India and China. Rieter Textile Systems helps customers to reinforce their market position and cut costs with innovative product and system solutions.
The Rieter Group's final results and the Annual Report for 2007 will be published at the presentation to financial analysts and the results press conference scheduled for March 20, 2008. Annual General Meeting on May 8, 2008 The 2008 Annual General Meeting will be held in Winterthur on May 8, 2008.