From the Sector

Reset
8 results
16.08.2021

Rieter Acquires Three Businesses from Saurer

  • Schlafhorst automatic winder as well as Accotex and Temco will be transferred from Saurer to Rieter
  • Investment to complete Rieter’s ring- and compact spinning systems and in two attractive component businesses
  • Closing expected during the month of August, implementation to be completed in six to nine months

On August 13, 2021, Rieter Holding Ltd., Winterthur/Switzerland, and Saurer Intelligent Technology Co. Ltd., Shanghai/China listed, signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V., Amsterdam/Netherlands, the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg/Germany and Saurer Technologies GmbH & Co. KG, Krefeld/Germany.

With this acquisition, Rieter will complete the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business. Additionally, Rieter invests in two attractive component businesses: Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines).

  • Schlafhorst automatic winder as well as Accotex and Temco will be transferred from Saurer to Rieter
  • Investment to complete Rieter’s ring- and compact spinning systems and in two attractive component businesses
  • Closing expected during the month of August, implementation to be completed in six to nine months

On August 13, 2021, Rieter Holding Ltd., Winterthur/Switzerland, and Saurer Intelligent Technology Co. Ltd., Shanghai/China listed, signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V., Amsterdam/Netherlands, the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg/Germany and Saurer Technologies GmbH & Co. KG, Krefeld/Germany.

With this acquisition, Rieter will complete the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business. Additionally, Rieter invests in two attractive component businesses: Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines).

In total, the three businesses had a combined turnover of EUR 142 million in 2020, the year of the COVID crisis. In 2019 and 2018, the total combined turnover was at a level of EUR 235 million and EUR 260 million, respectively.

The purchase price for the three businesses is EUR 300 million on a cash and debt free basis. Rieter has financed the purchase price by cash and available credit lines.

Rieter and Saurer expect to close the transaction during the month of August. In the first step of the transaction, Rieter will acquire 57% of the shares of Saurer Netherlands. The shares will be returned to Saurer after the implementation of the transaction in six to nine months.

In connection with the transaction, it is envisaged that Rieter will supply automatic winders to Saurer in the future.

Source:

Rieter Management AG

26.04.2021

Rieter at ITMA Asia + CITME 2021 in June 2021

Ensuring Competitiveness Through Technology

Rieter has doubled down on its R&D efforts since the onset of the pandemic to accelerate the development of its suite of intelligent and automated machines and systems so customers can manufacture yarns more profitably, efficiently and sustainably. This also empowers mill owners to respond flexibly to fast-changing markets.

  • Ring spinning with G 38 and ROBOspin sets new standards in automation
  • COMPACTapron takes yarn strength to new heights
  • ESSENTIAL offers new features with smarter insights for better decisions
  • ROBOdoff automates doffing to save time and money
  • SSM’s new winder NEO-YW delivers more efficiency and sustainability
  • Graf’s new cylinder wire and flats enhance lifetime and quality

Ensuring Competitiveness Through Technology

Rieter has doubled down on its R&D efforts since the onset of the pandemic to accelerate the development of its suite of intelligent and automated machines and systems so customers can manufacture yarns more profitably, efficiently and sustainably. This also empowers mill owners to respond flexibly to fast-changing markets.

  • Ring spinning with G 38 and ROBOspin sets new standards in automation
  • COMPACTapron takes yarn strength to new heights
  • ESSENTIAL offers new features with smarter insights for better decisions
  • ROBOdoff automates doffing to save time and money
  • SSM’s new winder NEO-YW delivers more efficiency and sustainability
  • Graf’s new cylinder wire and flats enhance lifetime and quality
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 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.

  • 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) 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.

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.

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.

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.

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

(c) Saurer AG
15.10.2019

Saurer: Presenting Autoairo in Asia for the first time at 2nd CIIE

Originating in Switzerland and founded in 1853, Saurer is a leading globally operating technology group focusing on machinery and components for yarn processing. After having participated in the first CIIE last year, Saurer will once again take part in this important event this year, presenting its new air-spinning machine Autoairo, which the company launched at ITMA Barcelona on 20 June 2019. At the CIIE in November, the Autoairo will be exhibited in Asia for the first time.

Autoairo has set new benchmarks for air spinning. Saurer has combined its most advanced automation solutions with proven technology to create an air-spinning machine with unique properties. The Autoairo features autonomous spinning positions with individual drives and integrated intelligence. Its digital piecing unit is capable of performing up to 24 piecing processes simultaneously. As a result, the machine’s run-up time is also reduced by at least 30%. The Autoairo’s compact, double-sided design means that it takes up 40% less space than single-sided machines. These features give the Autoairo a powerful productivity advantage, while at the same time lowering spinning costs.

Originating in Switzerland and founded in 1853, Saurer is a leading globally operating technology group focusing on machinery and components for yarn processing. After having participated in the first CIIE last year, Saurer will once again take part in this important event this year, presenting its new air-spinning machine Autoairo, which the company launched at ITMA Barcelona on 20 June 2019. At the CIIE in November, the Autoairo will be exhibited in Asia for the first time.

Autoairo has set new benchmarks for air spinning. Saurer has combined its most advanced automation solutions with proven technology to create an air-spinning machine with unique properties. The Autoairo features autonomous spinning positions with individual drives and integrated intelligence. Its digital piecing unit is capable of performing up to 24 piecing processes simultaneously. As a result, the machine’s run-up time is also reduced by at least 30%. The Autoairo’s compact, double-sided design means that it takes up 40% less space than single-sided machines. These features give the Autoairo a powerful productivity advantage, while at the same time lowering spinning costs.

Source:

Saurer AG

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

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.

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.

  • 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