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
Apparel/Garments | On 17th Oct 2018
Readymade garment exports from Bangladesh increased by 14.66 per cent ...
Textiles | On 17th Oct 2018
A World Trade Organisation (WTO) panel recently rejected Panama’s...
Shiladitya K Joshi
Truetzschler India Private Limited
India ITME provides a platform to interact with our stakeholders
‘One of the recent trends in hand block printing is the indigo process,...
Marazban F Velati
Sutlej Textiles & Industries limited
No training can be effective till the candidate believes in it.
Divyam Export, launched about 30 years ago, exports to 15 countries,...
Kusumgar Corporates is a leading manufacturer of technical textiles and...
Karan Behal, founder and chief executive of top-selling brand...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Mr Ambrose Chan
DSG International (Thailand) PLC
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Hemant & Nandita
Hemant & Nandita
The designer duo of Hemant & Nandita are known for being inspired by...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Divvya and Nidhhi Gambhir
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...