Home / Knowledge / News / Textiles / Rieter sells sheet metal parts manufacturing facility in Ingolstadt
Rieter sells sheet metal parts manufacturing facility in Ingolstadt
01
Oct '08
Rieter is to sell BO-Systems GmbH & Co. KG in Ingolstadt (Germany), a wholly-owned subsidiary of the Rieter Group, to Swiss Global Investment Group (SGIG), based in Rotkreuz (Switzerland). This sale is being made in the context of the current restructuring program.

The company in Ingolstadt manufactures sheet metal parts and modules for the spinning machinery (rotor spinning machines and drawframes) developed and produced by Rieter Textile Systems in Ingolstadt. It employs a workforce of 135 and generated sales of some 20 million euros in 2007. To cushion the effects of the cyclical textile machinery business and to better utilize the capacities, a significant proportion of BO-Systems' sales are already made to external customers.

There is still considerable potential for increasing this share of revenues at the Ingolstadt site. Since sheet metal processing is not a core activity for Rieter, the group has concluded that this company can be focused more effectively on the new strategy with additional external customers by its new owner. SGIG will take over the sheet metal parts production in Ingolstadt with the existing management and workforce and also the supply contracts with Rieter.

Swiss Global Investment Group focuses on acquiring and pursuing the further development of industrial companies engaged primarily in machinery manufacturing and systems engineering. Swiss Global Investment Group pursues a long-term holding strategy in relation to the companies it acquires and is thus ideally suited to ensuring the sustained business development of BO-Systems in Ingolstadt.

The Rieter Group operates internationally, developing and producing sophisticated systems solutions for the textile and automotive industries. Rieter generated sales of 3 930 million CHF with some 15 000 employees worldwide in the 2007 financial year. The Textile Systems Division accounted for 1 567 million CHF, the Automotive Systems Division for 2 363 million CHF of this total.

Rieter Holding Ltd


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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