Textile systems maker Rieter's 2005 order book grows by 4.7%
03 Feb '06
3 min read
This positive trend in the second half was mainly due to strong demand from India and Turkey. Both countries benefited from free market access for their textile exports to Europe and the US, whereas China was subject to new restrictions. Orders received from China were therefore lower than in the previous year.
The four most important markets for Rieter Textile Systems in 2005 were India, Turkey, China and Pakistan. Rieter Textile Systems recorded higher order intake especially for machinery and components for the production of staple fiber yarns and nonwovens machinery. The man-made fiber machinery business continued to decline in a difficult market environment.
As a result of lower order intake in the second half of 2004 and the first half of 2005, sales of 1 108.9 million CHF by the division in the year under review were 5.7 percent lower overall.
Full consolidation of the Suessen Group (as of January 1, 2005) and the acquisition of the Graf Group (consolidated as of October 1, 2005) contributed 84.5 million CHF to the division's total sales in 2005.
Textile machinery major Rieter Textile Systems provides technologies for producing nonwovens, a segment with numerous applications ranging from the hygiene to the industrial and the medical sector.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
