Home / Knowledge / News / Textiles / Rieter updates progress of business groups at ITMA 2015
Rieter updates progress of business groups at ITMA 2015
25
Nov '15
Rieter, a leading supplier of systems for short-staple fibre spinning, conducted “investors' day” at the recently concluded ITMA 2015 in Milan, describing the progress made by its three business groups, as per a company press release.

 Rieter provided details of the progress made in terms of innovativeness, the expansion of services, and the increase in profitability of the three groups.

Under innovations, the Machines & Systems business group displayed the new E 36/ E 86 combing set, enlarged R 66 rotor spinning machine with improved S 66 spin box, and SPIDERweb Mill Control System. Components, Rieter's another business group displayed the EliteAdvanced compacting system, the new X-Comb, and the LENA high speed spindle.

After Sales, one of the three business groups of the company, which presented its products and services for the first time, wanted Rieter customers to make optimal use of the spinning mill over the entire lifecycle through its range. The  dynamics indicated market acceptance of this range with the group aiming to grow by over 30 per cent overall in the next three years, based on sales amounting to CHF 127.5 million in 2014.

The company also described the implementation of the STEP UP programme for the purpose of achieving its mid-term targets, i.e. an operative profitability (EBIT margin) of 10 per cent in conjunction with a return on net assets (RONA) of 14 per cent.

Rieter is expecting for the whole of 2015 sales of around CHF 1 billion, operative profitability (EBIT) around 7 percent and a net profit of between 4 and 5 percent of sales. (HO)

Fibre2fashion News Desk - India


Must ReadView All

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Ghana to set up equipment hub for apparel sector

Apparel/Garments | On 23rd Jan 2018

Ghana to set up equipment hub for apparel sector

As part of efforts to seek ways to improve market access for Ghana’s...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

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

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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