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'We regularly review strategies' – Mr Gradel, Rieter Management
13
Jun '09
Mr Hartmut Reuter, Chief Executive Officer of the Switzerland based Rieter Management AG and a manufacturer of advanced textile machinery and auto parts manufacturer was quoted as saying that Rieter could consider breaking its business in to separate parts.

Fibre2fashion spoke exclusively to Mr Peter Gradel, Head of Corporate Communications at Rieter Management who said that “It is role of the 'Board of Directors' to regularly review strategies, but the restructuring will take priority and rest is speculation”.

Since the outbreak of the financial crisis and recessionary trends which have enveloped the global economy, Rieter has come under pressure due to the slump in sales in both the businesses, textile machinery and auto parts.

Fibre2fashion News Desk - India

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