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Rieter Holding Ltd.
Rieter Holding Ltd.
03.02.2020

Rieter signed additional contracts at the Swiss-Egyptian Investment Forum

At the Swiss-Egyptian Investment Forum which took place on February 3 in Cairo (Egypt), the Cotton & Textiles Holding Company and Rieter signed additional contracts related to the modernization program for the Egyptian textile industry.

Further Orders from Egypt:

At the Swiss-Egyptian Investment Forum which took place on February 3 in Cairo (Egypt), the Cotton & Textiles Holding Company and Rieter signed additional contracts related to the modernization program for the Egyptian textile industry.

Further Orders from Egypt:

  • Contracts for additional projects signed in Cairo
  • Order volume is around 30 million Swiss francs
  • Order intake in the first half year of 2020 expected

The total volume of the contracts sums up to around 210 million Swiss Francs, including the contracts which had been signed at ITMA 2019 in Barcelona and which represent a volume of around 180 million Swiss Francs.

Rieter expects the full amount of orders to be booked as order intake in the first half year of 2020. So far, 165 million Swiss Francs have been booked.

 

Source:

Rieter Holding Ltd.

(c) Rieter
03.02.2020

Rieter - Weitere Aufträge aus Ägypten

  • Verträge über zusätzliche Projekte in Kairo unterzeichnet
  • Auftragsvolumen beträgt rund 30 Millionen Schweizer Franken
  • Auftragseingang im ersten Halbjahr 2020 erwartet

Am Swiss-Egyptian Investment Forum, das heute in Kairo (Ägypten) stattfand, unterzeichneten die Cotton & Textiles Holding Company und Rieter zusätzliche Verträge im Zusammenhang mit dem Modernisierungsprogramm für die ägyptische Textilindustrie.

  • Verträge über zusätzliche Projekte in Kairo unterzeichnet
  • Auftragsvolumen beträgt rund 30 Millionen Schweizer Franken
  • Auftragseingang im ersten Halbjahr 2020 erwartet

Am Swiss-Egyptian Investment Forum, das heute in Kairo (Ägypten) stattfand, unterzeichneten die Cotton & Textiles Holding Company und Rieter zusätzliche Verträge im Zusammenhang mit dem Modernisierungsprogramm für die ägyptische Textilindustrie.

In Anwesenheit von H.E. Hisham Tawfik, Minister of Public Business Sector of the Egyptian Government, und dem Schweizer Bundesrat Guy Parmelin, Vorsteher des Eidgenössischen Departements für Wirtschaft, Bildung und Forschung, wurden die Verträge von Dr. Ahmed Moustafa, Chairman Cotton & Textiles Holding Company, und Dr. Norbert Klapper, Chief Executive Officer Rieter, unterzeichnet.

Das Gesamtvolumen der Verträge beläuft sich auf rund 210 Millionen Schweizer Franken, einschliesslich der Verträge, die an der ITMA 2019 in Barcelona unterzeichnet wurden und ein Volumen von rund 180 Millionen Schweizer Franken umfassen.

Rieter erwartet, dass der gesamte Auftrag als Auftragseingang im ersten Halbjahr 2020 verbucht wird. Bisher wurden 165 Millionen Schweizer Franken verbucht.

Dr. Klapper freute sich sehr über die feierliche Unterzeichnung: «Der nächste Schritt des heute vereinbarten Programms unterstreicht die starke Partnerschaft zwischen der Cotton & Textiles Holding Company und Rieter. Ich danke unseren ägyptischen Partnern für das Vertrauen, das sie Rieter weiterhin entgegenbringen. Wir werden unser Bestes tun, um die Cotton & Textiles Holding Company bei der erfolgreichen Umsetzung des Modernisierungsprogramms zu unterstützen.»

More information:
Rieter Ägypten cotton
Source:

Rieter Holding AG

Rieter Report
Rieter Report
29.01.2020

Rieter: First Information on the Financial Year 2019

  • Sales were significantly down on the previous year, falling by 29% to CHF 760 million
  • EBIT margin of around 11% and net profit of around 7% of sales anticipated, non-recurring profit contribution from sale of real estate in Ingolstadt (Germany)
  • Order intake up 7% on previous year; order intake amounting to CHF 401.6 million booked in fourth quarter 2019 (4th quarter 2018: CHF 119.0 million)
  • First half of 2020 expected to be significantly lower than previous year in terms of sales and earnings
  • Further capacity adjustment measures introduced
  • Sales were significantly down on the previous year, falling by 29% to CHF 760 million
  • EBIT margin of around 11% and net profit of around 7% of sales anticipated, non-recurring profit contribution from sale of real estate in Ingolstadt (Germany)
  • Order intake up 7% on previous year; order intake amounting to CHF 401.6 million booked in fourth quarter 2019 (4th quarter 2018: CHF 119.0 million)
  • First half of 2020 expected to be significantly lower than previous year in terms of sales and earnings
  • Further capacity adjustment measures introduced
  • Start of construction of Rieter CAMPUS expected during 2020, subject to granting of building permit

The Rieter Group closed the 2019 financial year, as expected, with considerably lower sales than in the previous year. According to the first, unaudited figures, total sales of CHF 760.0 million were achieved, which is 29% down on the previous year (2018: CHF 1 075.2 million). At CHF 926.1 million, order intake was 7% higher than in the prior year period (2018: CHF 868.8 million). Rieter will publish the full annual financial statements and the 2019 Annual Report on March 10, 2020.

 

More information:
Rieter
Source:

Rieter Management AG

29.10.2019

Rieter Investor Update 2019

  • Order intake of CHF 524.5 million after nine months
  • Order intake for a major project from Egypt booked in October 2019
  • Market situation remains challenging
  • Real estate sale in Ingolstadt successfully completed
  • Outlook 2019

The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30% compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238.0 million).

  • Order intake of CHF 524.5 million after nine months
  • Order intake for a major project from Egypt booked in October 2019
  • Market situation remains challenging
  • Real estate sale in Ingolstadt successfully completed
  • Outlook 2019

The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30% compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238.0 million).

Order Intake for a Major Project from Egypt Booked
On October 7, 2019, Rieter booked the order intake for the first six projects with Cotton & Textile Industries Holding Company, Cairo (Egypt) of around CHF 165 million. This amount is thus not included in the figures for the third quarter of 2019 and will positively affect the fourth quarter. The sales are anticipated to be realized in the 2020/2021 financial years. The order includes deliveries of compact and ring spinning systems and it is part of a comprehensive modernization program for the Egyptian textile industry.

Market Situation Remains Challenging
The demand for new machinery remained at a low level in the third quarter of 2019. The primary reasons are existing overcapacity in the spinning mills, the trade conflict between the USA and China, as well as political and economic uncertainties in other regions of importance to Rieter. Rieter's market share continues to be at the level of around 30%.

Real Estate Sale in Ingolstadt Successfully Completed
Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP of Düsseldorf (Germany) on September 13, 2019. Rieter expects a non-recurring profit contribution from this transaction on a net profit level of around EUR 60 million.

Outlook 2019
Rieter estimates significantly lower sales for the year 2019 as a whole compared to 2018, and expects a significant drop in the result from the ongoing business. EBIT and net profit are anticipated to be significantly above the levels of the previous year due to the non-recurring profit contribution from the sale of real estate in Ingolstadt (Germany). The cost-cutting measures introduced have been implemented to a great extent.

More information:
Rieter Holding Ltd.
Source:

Rieter Holding Ltd.

(c) Novibra Boskovice s.r.o.
24.10.2019

Novibra at ShanghaiTex 2019

Novibra presents the latest innovations in spindle technology and energy saving measures at the forthcoming ShanghaiTex.
The energy saving spindle LENA has been designed for the highest speeds and lower energy consumption. It is the only spindle in the market with 17.5 mm wharve diameter and energy savings in the average of up to 6%.

Novibra presents the latest innovations in spindle technology and energy saving measures at the forthcoming ShanghaiTex.
The energy saving spindle LENA has been designed for the highest speeds and lower energy consumption. It is the only spindle in the market with 17.5 mm wharve diameter and energy savings in the average of up to 6%.

The new generation of clamping crowns CROCOdoff and CROCOdoff Forte introduce genuine doffing without underwinding. The crowns work automatically depending on the spindle speed. The major advantages are significant reductions in maintenance costs. That is based on a lower ends down rate after doffing and minimized cleaning of the underwinding area.

Novibra’s goal is to bring beneficial and customized solutions to the customers helping them to keep their leading position in the market. Novibra is looking forward to discussing the new products that fulfil one of today’s biggest demands for energy savings and maintenance costs reduction.

More information:
Novibra ShanghaiTex
Source:

Rieter Management AG

(c) Graf + Cie AG
24.10.2019

Graf at ShanghaiTex 2019

Graf introduces at ShanghaiTex three novelties for the textile market: a new card clothing with up to 30% longer lifetime, a height adjustable comb and a helpful solution for card clothing management.
MULTISHARP, the unique wear resistant alloy for card clothings, increases the lifetime of metallic card clothings on the cylinder by up to 30%. Additionally, the work load of the maintenance team can be minimized by providing longer service cycles and less unplanned downtimes.

Graf introduces at ShanghaiTex three novelties for the textile market: a new card clothing with up to 30% longer lifetime, a height adjustable comb and a helpful solution for card clothing management.
MULTISHARP, the unique wear resistant alloy for card clothings, increases the lifetime of metallic card clothings on the cylinder by up to 30%. Additionally, the work load of the maintenance team can be minimized by providing longer service cycles and less unplanned downtimes.

The yield on raw material can be increased without compromising the quality requirements – thanks to the continuous height adjustability of the new combs series. The continuous and exact gap setting between nipper and circular comb on each individual combing head provides customers a new level on raw material utilization. Additionally, the maintenance people will appreciate the comfortable and easy installation of the circular comb.

With the card clothing management the overall investment costs can be reduced. This is based on minimizing the operational expenses including optimizing the overall equipment effectiveness. Graf’s card clothing management prolongs the lifetime of flexible flats by up to three times without comprising on the quality parameters throughout the entire life cycle.

More information:
Graf ShanghaiTex
Source:

Rieter Management AG

(c) Bräcker AG
24.10.2019

Bräcker at ShanghaiTex 2019

Bräcker presents a new traveller with up to 50% longer lifetime and shorter running-in period. This is only one highlight out of the impressing product variety.
A novelty Bräcker shows at ShanghaiTex is the new CARBO traveller for ring spinning machines. It is specially designed for man-made fiber spinners. CARBO is a new coating technology which improves the sliding properties. This results in up to 50% longer lifetime and a shorter running-in period. Recommended applications next to man-made fibers are also their blends, core yarns and all yarn counts.

Bräcker presents a new traveller with up to 50% longer lifetime and shorter running-in period. This is only one highlight out of the impressing product variety.
A novelty Bräcker shows at ShanghaiTex is the new CARBO traveller for ring spinning machines. It is specially designed for man-made fiber spinners. CARBO is a new coating technology which improves the sliding properties. This results in up to 50% longer lifetime and a shorter running-in period. Recommended applications next to man-made fibers are also their blends, core yarns and all yarn counts.

In addition, Bräcker exhibits its well-known portfolio of high-quality products which meets the continually rising demands on the textile market like higher speeds and productivity. The rings and travellers offer long service lives, lowest yarn breaks and no thermal damages when processing man-made fibers.

More information:
Bräcker ShanghaiTex
Source:

Rieter Management AG

(c) Spindelfabrik Suessen GmbH
24.10.2019

Suessen at ShanghaiTex 2019

Suessen presents the new compacting devices for high flexibility, new weighting arms and premium rotor spinning components for excellent yarn quality.
COMPACTeasy is the new mechanical compacting device available as a plugon/ plug-off unit for any ring spinning machine type and suitable for most common applications like cotton, man-made fibers and blends. COMPACTeasy is the solution in compacting without additional energy requirement.

Suessen presents the new compacting devices for high flexibility, new weighting arms and premium rotor spinning components for excellent yarn quality.
COMPACTeasy is the new mechanical compacting device available as a plugon/ plug-off unit for any ring spinning machine type and suitable for most common applications like cotton, man-made fibers and blends. COMPACTeasy is the solution in compacting without additional energy requirement.

New EliTe is a versatile compact-spinning system with new innovative components. The customers profit from higher productivity, better quality and lower operational costs. Upgrade packages and spare parts packages enable the customers to benefit also on existing installations.

The new Top Weighting Arm HP 4080 for roving frames offers a new design for easy settings and improved stability. In addition, consistent yarn quality over the lifetime is guaranteed.

More information:
Suessen ShanghaiTex
Source:

Rieter Management AG

© SSM Schärer Schweiter Mettler AG
24.10.2019

SSM at ShanghaiTex 2019

At ShanghaiTex SSM presents solutions for precision package winding and high package consistency and provides a wide range of renowned textile machines.

SSM enables yarn dyers to be successful – with the precision package winder PWX. Only a quick response to market trends in combination with high cost-efficiency enables customers to be competitive. The winder offers clear benefits to dye package winding and rewinding of filament and staple fiber yarns, with or without lubrication.

At ShanghaiTex SSM presents solutions for precision package winding and high package consistency and provides a wide range of renowned textile machines.

SSM enables yarn dyers to be successful – with the precision package winder PWX. Only a quick response to market trends in combination with high cost-efficiency enables customers to be competitive. The winder offers clear benefits to dye package winding and rewinding of filament and staple fiber yarns, with or without lubrication.

For the XENO-platform SSM presents the first and only self-regulating backpressure system in the world: preciforce™ for a guaranteed package consistency. Furthermore, the next generation of the blade winding powerblade™ will be introduced for the XENO-platform.

07.10.2019

Rieter Holding: Order Intake for Major Project from Egypt Booked

Sales expected to be realized in financial years 2020/2021
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.

The order intake for the first six projects in the amount of around 165 million Swiss francs was booked upon receipt of the down payment on October 7, 2019; sales are expected to be realized in financial years 2020/2021. The order includes deliveries of compact and ring spinning systems and is

Sales expected to be realized in financial years 2020/2021
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.

The order intake for the first six projects in the amount of around 165 million Swiss francs was booked upon receipt of the down payment on October 7, 2019; sales are expected to be realized in financial years 2020/2021. The order includes deliveries of compact and ring spinning systems and is

More information:
Rieter Holding Ltd.
Source:

Rieter Management AG

(c) Rieter Holding AG
13.09.2019

Rieter Completes Real Estate Sale in Ingolstadt

  • Transaction completed in Ingolstadt
  • Extraordinary profit contribution after tax of EUR 60 million expected
  • Board of Directors approves submission of building application for Rieter CAMPUS in Winterthur
  • Project volume of around CHF 80 million expected

Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP AG of Düsseldorf (Germany) on September 13, 2019. As reported in December last year, Rieter expects an extraordinary profit contribution after tax of around EUR 60 million from this transaction.

  • Transaction completed in Ingolstadt
  • Extraordinary profit contribution after tax of EUR 60 million expected
  • Board of Directors approves submission of building application for Rieter CAMPUS in Winterthur
  • Project volume of around CHF 80 million expected

Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP AG of Düsseldorf (Germany) on September 13, 2019. As reported in December last year, Rieter expects an extraordinary profit contribution after tax of around EUR 60 million from this transaction.

The employees in Ingolstadt will move into a new building in the second half of 2021. Rieter will thus create a modern working environment for innovative research and development work and the respective support functions.

On September 13, 2019, the Board of Directors of Rieter Holding Ltd. has made the decisions required for the building application regarding the Rieter CAMPUS project to be submitted in good time. The Rieter CAMPUS in Winterthur will consolidate customer center, product and technology development and administration. Rieter expects to implement the project with a project volume of around CHF 80 million. Archaeological excavations and the demolition of the building “Werkhalle 40” are currently underway.

The Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and thus to the successful further development of the company. Approval of the building application is expected in spring of 2020.

 

More information:
Rieter Holding Ltd.
Source:

Rieter Holding AG

18.07.2019

Rieter: First Half of 2019 Characterized by Low Demand in the New Machinery Business

  • Order intake in the first• Order intake in the first half of 2019 amounted to CHF 378.3 million, 26% below the previous year period
  • At CHF 416.1 million, sales were 19% down on the previous year period
  • EBIT of CHF -1.2 million and net profit of CHF -3.8 million
  • Implementation of cost-cutting measures proceeding according to plan
  • Innovations successfully launched at ITMA 2019 in Barcelona
  • Major order from Egypt signed – worth around CHF 180 million
  • Completion of real estate sale in Ingolstadt (Germany) expected in the third qua
  • Order intake in the first• Order intake in the first half of 2019 amounted to CHF 378.3 million, 26% below the previous year period
  • At CHF 416.1 million, sales were 19% down on the previous year period
  • EBIT of CHF -1.2 million and net profit of CHF -3.8 million
  • Implementation of cost-cutting measures proceeding according to plan
  • Innovations successfully launched at ITMA 2019 in Barcelona
  • Major order from Egypt signed – worth around CHF 180 million
  • Completion of real estate sale in Ingolstadt (Germany) expected in the third quarter 2019
  • Outlook unchanged compared to spring 2019

In the first half of 2019, Rieter posted an order intake of CHF 378.3 million (first half year 2018: CHF 511.8 million). This represents a decline of around 26% compared to the previous year period. As already reported, the main reason was low demand in the new machinery business (Business Group Machines & Systems: -34%). Rieter understands that market share remained unchanged at the previous year’s level of around 30%. Order backlog as at June 30, 2019 was CHF 295 million (December 31, 2018: CHF 325 million).

More information:
Rieter Holding Ltd.
Source:

Rieter Management AG

(c) Rieter
24.06.2019

Rieter Awarded Large Contract from Egypt

 

 

  • Contracts signed for seven projects
  • Contract comprises delivery of compact- and ring-spinning systems
  • Total amounts to roughly CHF 180 million
  • Order intakes are anticipated to be realized in 2019; sales posted in the 2020/2021 financial years

Rieter Group has signed contracts with the Cotton & Textile Industries Holding Company, Cairo (Egypt), at the ITMA 2019. These seven projects entail a total of 180 million Swiss francs. The contract comprises delivery of compact- and ring-spinning systems over the next two years. This order is part of a comprehensive modernization program of the Egyptian textile industry. The order intakes are anticipated to be realized in 2019 with sales posted in the 2020/2021 financial years.

The contracts were signed at the ITMA in Barcelona, Spain, by Dr. Ahmed Moustafa Mohamed, Chairman Cotton & Textile Industries Holding Company, and Dr. Norbert Klapper, CEO Rieter.

Dr. Klapper was very pleased at the formal signing of contracts: “We would like to thank our Egyptian business partners for the confidence they are placing in Rieter by awarding us this contract. Rieter has been the partner of choice of the Egyptian spinning industry for decades. We are delighted to be given the opportunity of making such an important contribution to the modernization of the Egyptian textile industry.”

Source:

Media Relations, Rieter Management AG

19.06.2019

Rieter at ITMA 2019 in Barcelona

At ITMA 2019, Rieter showcases innovations for all four spinning processes that are established on the market. These innovations are designed to reduce raw material, energy and labor costs, while also increasing productivity during production of the yarn quality required in each case. Solutions to increase the flexibility of the spinning mill are also presented. In addition, Rieter presents two solutions for the production of innovative yarns.

At ITMA 2019, Rieter showcases innovations for all four spinning processes that are established on the market. These innovations are designed to reduce raw material, energy and labor costs, while also increasing productivity during production of the yarn quality required in each case. Solutions to increase the flexibility of the spinning mill are also presented. In addition, Rieter presents two solutions for the production of innovative yarns.

More information:
Rieter ITMA 2019
Source:

Rieter

04.04.2019

Rieter General Meeting 2019

At the 128th Annual General Meeting of Rieter Holding Ltd. on April 4, 2019, 502 shareholders, who represent 63.8% of the share capital, participated. A dividend of CHF 5.00 per share was agreed. The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for the fiscal year 2020.

At the 128th Annual General Meeting of Rieter Holding Ltd. on April 4, 2019, 502 shareholders, who represent 63.8% of the share capital, participated. A dividend of CHF 5.00 per share was agreed. The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for the fiscal year 2020.

The Chairman of the Board of Directors, Bernhard Jucker, and the members of the Board of Directors This E. Schneider, Michael Pieper, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for an additional oneyear term of office.

Furthermore, This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also re-elected for a one-year term of office.

Shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, the financial statements and the consolidated financial statements for 2018, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

More information:
Rieter Rieter Holding Ltd.
Source:

Rieter Management Ltd.

Warping Mill (c) Velener Textil
02.03.2018

International Cotton Conference Bremen 2018

  • Innovative Textile Processes

Innovations are welcome. Based on innovations, many changes in textile processing are leading to more efficiency in process workflows. At the International Cotton Conference in Bremen on Wednesday, March 21st, Session IV Textile Processing, which takes place from 4:00 pm to 6:00 pm, is dedicated to this subject area and attractive examples.

  • Innovative Textile Processes

Innovations are welcome. Based on innovations, many changes in textile processing are leading to more efficiency in process workflows. At the International Cotton Conference in Bremen on Wednesday, March 21st, Session IV Textile Processing, which takes place from 4:00 pm to 6:00 pm, is dedicated to this subject area and attractive examples.

Sustainable
Michael Tuschak, Mayer & Cie., Germany, informs about the 3-in-1 concept of Spinitsystems. Spinning, cleaning and knitting are all combined in one machine. This enables the production process of high-quality single jersey knitwear to be shortened significantly, which saves energy costs and reduces CO2 emissions.

Indigo.
An old dye returns to glory. Dr. Dean Etheridge of Texas Tech University, USA, talks about a new, innovative indigo dyeing process for cotton yarns using foam. This saves large amounts of water and is now increasingly being used by major brands in jeans production.

Efficient.
Amin Leder, Trützschler GmbH & Co. KG, Germany, presents a technique in which the stretching process for rotor yarn production does not take place in a separate machine, but is integrated into the carding. This makes it possible to efficiently process even cotton with a higher waste content.

Overview.
Harald Schwippel, from Rieter, Switzerland, summarises all four major spinning technologies for cotton – ring spinning, compact spinning, rotor spinning and air-jet spinning. His talk provides an overview of the possibilities that each of these processes currently offers for the manufacture of different yarns and the most efficient options for different applications.

More to know
In the run-up to the International Cotton Conference, the Fibre Institute Bremen and the Cotton Exchange are organising a specific seminar for spinning mills on Tuesday, dealing with the efficient handling of contaminants in cotton, from elimination in production to removal in winding. On Friday morning, Expert Session IX deals with the exchange of the latest research results, e.g. in the field of ginning in relation to cotton quality, or the important issue of checking the traceability of GMO-free cotton.

Source:

Elke Hortmeyer, Rainer Schlatmann, Baumwollbörse