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Rieter plans to set up textile machinery plant near Pune

26
Sep '08
Rieter Group of Switzerland has committed an investment of Rs 250 crores for setting up a new plant for production of cotton spinning machinery at a factory near Pune, in state of Maharashtra.

A Memorandum of Understanding was signed to this effect by Mr Peter Gnaegi and Mr Michael Enderle as Directors of Rieter India Private Limited, with Mr Johny Joseph, Chief Secretary of the Government of Maharashtra on 22nd September 2008, in the presence of Honorable Chief Minister of Maharashtra, Mr Vilasrao Deshmukh and other dignitaries of Rieter Group including Mr Hartmut Reuter, CEO Rieter Group.

The Honorable Chief Minister of Maharashtra, Mr Vilasrao Deshmukh visited the plant of Rieter Machine Works Ltd in Winterthur and was impressed with the quality of textile machinery produced by them. He was pleased to explain that Maharashtra has a rich heritage and a very long history of textile production.

The art of weaving Paithani saris is almost 2000 years old. The yarn used is pure silk and the zari or gold threads which are drawn from pure gold. A heavily brocaded Paithani sari takes anywhere from six months to one and a half years to weave. Similarly, Aurangabad is famous for Mashru and Himru fabrics made of cotton and silk with the luster of satin.

As far as textile machinery is concerned, the Honorable Chief Minister highlighted that the first textile mill in India - Empress Textile Mills was set up in the state of Maharashtra. He was therefore happy that the setting up of two plants in the vicinity of Pune, to produce the latest state of the art textile machinery in Maharashtra, would bring a unique blend of rich tradition with industrial modernisation.

Rieter is an industrial group based in Winterthur, Switzerland, and operating on a global scale. Formed in 1795, the company is a leading supplier to the textile and automotive industries. Rieter has a presence in 20 countries with some 70 manufacturing facilities and has a total worldwide workforce of approximately 15 500 employees, some 13% of whom are based in Switzerland.

The company comprises two divisions: Rieter Textile Systems develops and produces machinery and systems for manufacturing yarns and nonwovens. Rieter Textile Systems' core business is machinery and components for converting natural and man-made fibers and their blends into yarns. As a partner and supplier to automotive manufacturers, Rieter Automotive Systems develops and manufactures components, modules and total systems for acoustic comfort and thermal management in motor vehicles.

Rieter India Private Limited was incorporated on 1st August 1995 as a wholly owned subsidiary of Rieter Group, Switzerland. A team of over 100 employees within Rieter India Private Limited provides sales, service and technical support from the branch offices at Mumbai, Coimbatore, New Delhi and Chandigarh. The corporate office is located at New Delhi. An electronic service station at Coimbatore Office provides prompt service facility for all electronic modules & components.


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