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(c) 2022, SSM
07.04.2022

Swiss Textile Machinery members at Techtextil

High-performance yarns now offer almost unlimited possibilities for replacing traditional raw materials in a vast range of technical applications. Often tailor-made, these filament yarns go way beyond the conventional idea of ‘textiles’ – finding new uses in sectors such as automotive, aviation, maritime, medical and construction, among many others.

Technical textiles are everywhere in our daily lives today, even if we may not always realize it. Some are in more obviously textile products, from sewing threads to artificial turf. But then, take cars as an example: modern vehicles are stuffed with parts made from sophisticated yarns. It’s common for producers of automotive parts now to send template material and requirement lists to Swiss Textile Machinery members, trusting their expertise and experience. Members operate development and testing centers with latest machine installations, where their experts devise customized solutions, as well as calling on the pure innovative spirit which is part of their DNA.

High-performance yarns now offer almost unlimited possibilities for replacing traditional raw materials in a vast range of technical applications. Often tailor-made, these filament yarns go way beyond the conventional idea of ‘textiles’ – finding new uses in sectors such as automotive, aviation, maritime, medical and construction, among many others.

Technical textiles are everywhere in our daily lives today, even if we may not always realize it. Some are in more obviously textile products, from sewing threads to artificial turf. But then, take cars as an example: modern vehicles are stuffed with parts made from sophisticated yarns. It’s common for producers of automotive parts now to send template material and requirement lists to Swiss Textile Machinery members, trusting their expertise and experience. Members operate development and testing centers with latest machine installations, where their experts devise customized solutions, as well as calling on the pure innovative spirit which is part of their DNA.

At the extremes
Technology drives applications beyond our current imagining in the case of Heberlein air splicers. Developed for a wide range of uses with high-strength technical fibers, they have no problems splicing aramid fibers up to 16’100 dtex, carbon up to 30’000 dtex, Dyneema up to 5’500 dtex, and glass up to 4’800 tex. Using compressed air, the splicers produce a tear-resistant, homogeneous splice of material without interfering knots.

Retech has the technology to achieve specifications for filament yarns, drawing and stretching fibers to perfection. Top heated godet rolls – many customized – are developed for high-performance fibers. Temperatures up to 400 °C can be achieved. Combining the right settings and wide speed ranges for each specific process results in unique end-products.

Fabric producers of high-end applications must avoid any quality risk. Yarn producers are well aware of this responsibility, so they use precision package winders for technical yarns, developed by Rieter’s subsidiary SSM. Taking yarns from ring twisting bobbins, its specialist finish winders can produce coarse-count technical yarns up to 50’000 dtex, offering a new level of flexibility and winding quality.

Lifestyle essentials
At first glance, motorists might fail to notice many of the technical yarns ‘hidden’ inside their cars. These products have functions such as providing stability with hardly any weight, or absorbing tensile forces at defined elongation. This kind of controlled elongation behaviour, for example, arises from the choice of textile material and the special construction of the yarns used.

Such specifications make twisting and cabling machines essential for the automotive industry. Saurer offers machines for the production of technical yarns made from a variety of feed materials in a very wide yarn count range. They are needed for vehicle products such as tire carcasses, toothed engine belts, seat belts, airbags and lorry tarpaulins.

Technical yarns also play a surprising role in our mobile devices. Tapping, scrolling and swiping are second nature for billions, with our phones and a plethora of other lifestyle essentials. Yet, how many people would know that the touch-sensitivity we take for granted on these screens is largely made possible by twisted glass fibers. Bräcker, part of Rieter’s components business, offers a selection of vertical sinter metal rings and nylon travelers for glass fiber twisting, so that mills can achieve high levels of productivity and quality.

Future unlimited
Automotive and communication technology are already important industries for Swiss Textile Machinery members, along with well-known technical textiles markets in sectors such as medical, transport and construction. Smart-wear is already noted as a field with significant potential. Naturally, members are constantly investigating other possibilities. Swiss textile machinery is already applied in energy (batteries), and plastics.

The Swiss Textile Machinery Pavilion will be at the Techtextil exhibition in Frankfurt, Germany, taking place from 21 to 24 June 2022.

01.04.2022

Rieter completes acquisition of the three Saurer businesses

With the takeover of the automatic winding machine business at the Uebach-Palenberg/Germany site with effect from April 1, 2022, Rieter has completed the acquisition of the three businesses from Saurer.

The acquisition of the automatic winding technology in the premium category completes Rieter’s ring and compact-spinning system and thus lays the foundation to further improve the company’s position in the staple fiber market segment.

The components businesses Accotex (elastomer technology for spinning machines) at the Muenster/Germany site and Temco (technology components for filament machines) at the Hammelburg/Germany site had already been acquired by Rieter as of December 1, 2021.

Rieter had announced the acquisition of the three businesses on August 16, 2021.

In total, the three businesses generated sales of EUR 142 million in 2020, the year of the COVID crisis. In 2019 and 2018, total sales amounted to EUR 235 million and EUR 260 million, respectively.

With the takeover of the automatic winding machine business at the Uebach-Palenberg/Germany site with effect from April 1, 2022, Rieter has completed the acquisition of the three businesses from Saurer.

The acquisition of the automatic winding technology in the premium category completes Rieter’s ring and compact-spinning system and thus lays the foundation to further improve the company’s position in the staple fiber market segment.

The components businesses Accotex (elastomer technology for spinning machines) at the Muenster/Germany site and Temco (technology components for filament machines) at the Hammelburg/Germany site had already been acquired by Rieter as of December 1, 2021.

Rieter had announced the acquisition of the three businesses on August 16, 2021.

In total, the three businesses generated sales of EUR 142 million in 2020, the year of the COVID crisis. In 2019 and 2018, total sales amounted to EUR 235 million and EUR 260 million, respectively.

The winding machine business with new machines will be assigned to the Business Group Machines & Systems, and the after-sales business will be assigned to the Business Group After Sales. The Accotex and Temco component businesses are managed by the Business Group Components.

Source:

Rieter Management AG

(c) VDMA
Chairperson and Vice Chairpersons of the VDMA Textile Machinery: Verena Thies, Dr. Janpeter Horn, Regina Brückner.
31.03.2022

VDMA: Dr. Janpeter Horn New Chairperson of Textile Machinery Association

Dr. Janpeter Horn, Managing Director of August Herzog Maschinenfabrik, is the new Chairperson of the VDMA Textile Machinery. Dr. Horn was elected at the members’ meeting of the Association in Leonberg. The new Executive Board is completed with Ms. Regina Brückner, Managing Associate of Brückner Trockentechnik and Ms. Verena Thies, Managing Shareholder of Thies Textilmaschinen, who were elected as Vice Chairpersons.

After his election, Dr. Horn stated: “I am pleased to have Ms. Brückner and Ms. Thies by my side. Both have been serving on the Executive Board of the VDMA Textile Machinery as well as the European Committee of Textile Machinery Manufacturers CEMATEX for many years. With this team, we are well prepared to effectively represent the interests of the industry at national and international level.”

Based in Oldenburg, Northern Germany, Herzog is a company with a long tradition and at the same time the most innovative developer and manufacturer of braiding and winding machinery. Worldwide references in braiding and winding technique confirm the company’s technical and quality leadership.

Dr. Janpeter Horn, Managing Director of August Herzog Maschinenfabrik, is the new Chairperson of the VDMA Textile Machinery. Dr. Horn was elected at the members’ meeting of the Association in Leonberg. The new Executive Board is completed with Ms. Regina Brückner, Managing Associate of Brückner Trockentechnik and Ms. Verena Thies, Managing Shareholder of Thies Textilmaschinen, who were elected as Vice Chairpersons.

After his election, Dr. Horn stated: “I am pleased to have Ms. Brückner and Ms. Thies by my side. Both have been serving on the Executive Board of the VDMA Textile Machinery as well as the European Committee of Textile Machinery Manufacturers CEMATEX for many years. With this team, we are well prepared to effectively represent the interests of the industry at national and international level.”

Based in Oldenburg, Northern Germany, Herzog is a company with a long tradition and at the same time the most innovative developer and manufacturer of braiding and winding machinery. Worldwide references in braiding and winding technique confirm the company’s technical and quality leadership.

The new Executive Board of the VDMA Textile Machinery for the legislative period until 2026 is composed of:

  • Dr. Janpeter Horn (Chairperson), August Herzog Maschinenfabrik
  • Regina Brückner (Vice Chairperson), BRÜCKNER Trockentechnik
  • Verena Thies (Vice Chairperson), THIES
  • Peter D. Dornier, Lindauer DORNIER
  • Stefan Flöth, A. Monforts Textilmaschinen
  • Arno Gärtner, KARL MAYER STOLL Textilmaschinenfabrik
  • Markus Kleindorp, MEMMINGER-IRO
  • Andreas Lukas, ANDRITZ Küsters
  • Benjamin Mayer, Mayer & Cie.
  • Dr. Jörg Morgner, Temafa Maschinenfabrik
  • Benjamin Reiners, Reiners + Fürst
  • Dr. Uwe Rondé, Saurer Group
  • Eric Schöller, Groz-Beckert
  • Georg Stausberg, Oerlikon Textile
  • Heinrich Trützschler, Trützschler Group
Source:

VDMA e. V.
Textilmaschinen

(C) ITM
22.03.2022

ITM 2022 in June plans to set new records

ITM 2022, which will be held at Istanbul Tüyap Fair and Congress Center on 14-18 June 2022, will be the first and largest international textile machinery exhibition to be held after a 3-year break. The leading brands of world textile technologies will launch their latest machines at ITM 2022.
The latest ITM Exhibition hosted the world textile industry with 1200 exhibitors from 64 countries and 60,000 visitors from 94 countries. ITM 2022 Exhibition in cooperation with TEMSAD and in partnership with Tüyap Tüm Fuarcılık Inc. and Teknik Exhibitions Inc. plans to set new records as one of the most important global organizations to be organized after the pandemic outbreak period.

The textile industry, which is among the leading sectors in Turkey's exports, demonstrated its power to the whole world, especially during the pandemic outbreak period. Achieving an increase of up to 40 percent in exports of textiles and raw materials, Turkey also broke records after records in medical textile, technical textile, and indoor textile exports.

ITM 2022, which will be held at Istanbul Tüyap Fair and Congress Center on 14-18 June 2022, will be the first and largest international textile machinery exhibition to be held after a 3-year break. The leading brands of world textile technologies will launch their latest machines at ITM 2022.
The latest ITM Exhibition hosted the world textile industry with 1200 exhibitors from 64 countries and 60,000 visitors from 94 countries. ITM 2022 Exhibition in cooperation with TEMSAD and in partnership with Tüyap Tüm Fuarcılık Inc. and Teknik Exhibitions Inc. plans to set new records as one of the most important global organizations to be organized after the pandemic outbreak period.

The textile industry, which is among the leading sectors in Turkey's exports, demonstrated its power to the whole world, especially during the pandemic outbreak period. Achieving an increase of up to 40 percent in exports of textiles and raw materials, Turkey also broke records after records in medical textile, technical textile, and indoor textile exports.

Ranking in the top three in the most important market for the European textile machinery manufacturers, Turkey also attracted attention with its production performance during the troublesome pandemic outbreak. Many European machinery manufacturers, who spoke highly of Turkey's performance, announced that their machinery sales to Turkey increased in 2020 and 2021. Turkish textile companies, which increase their production capacity because they were unable to keep up with the demands, continue their new investments and modernizations.

Leading brands of textile technologies such as Picanol, Itema, Toyota, Saurer, Rieter and Trützschler are among the companies that will exhibit their latest innovations at the ITM 2022.

More information:
ITM
Source:

ITM

09.03.2022

Financial Year 2021

  • Order intake of CHF 2 225.7 million at record level
  • Sales of CHF 969.2 million despite bottlenecks in the supply chains
  • EBIT margin of 4.9% and net profit of 3.3% of sales
  • Milestones achieved in strategy implementation
  • Dividend of CHF 4.00 per share proposed
  • Outlook

The 2021 financial year was characterized by a rapid market recovery. As market and technology leader, Rieter succeeded in this environment in posting a record order intake, significantly increased sales compared with the previous year despite the bottlenecks in the supply chains, and generated an EBIT margin of 4.9%. This success is based on the investments in innovation and competitiveness of Rieter in recent years. Crisis management in the 2020 pandemic year, which aimed at benefiting from the expected market recovery after the pandemic, was also a contributing factor. With the acquisition of three businesses from the Saurer Group, a further milestone in the implementation of the strategy has been achieved.

  • Order intake of CHF 2 225.7 million at record level
  • Sales of CHF 969.2 million despite bottlenecks in the supply chains
  • EBIT margin of 4.9% and net profit of 3.3% of sales
  • Milestones achieved in strategy implementation
  • Dividend of CHF 4.00 per share proposed
  • Outlook

The 2021 financial year was characterized by a rapid market recovery. As market and technology leader, Rieter succeeded in this environment in posting a record order intake, significantly increased sales compared with the previous year despite the bottlenecks in the supply chains, and generated an EBIT margin of 4.9%. This success is based on the investments in innovation and competitiveness of Rieter in recent years. Crisis management in the 2020 pandemic year, which aimed at benefiting from the expected market recovery after the pandemic, was also a contributing factor. With the acquisition of three businesses from the Saurer Group, a further milestone in the implementation of the strategy has been achieved. The acquisition strengthens Rieter’s market position by completing the ring and compact-spinning system. With the laying of the foundation stone for the Rieter CAMPUS in September 2021, an important prerequisite for the expansion of the company’s technology leadership has been created.

Order Intake and Sales
At the end of 2021, the company had an order backlog of around CHF 1 840 million (December 31, 2020: around CHF 560 million). Rieter closed the 2021 financial year with sales of CHF 969.2 million, which corresponds to an increase of 69% compared to the previous year (2020: CHF 573.0 million).

EBIT, Net Profit and Free Cash Flow
The profit at the EBIT level in the 2021 financial year was CHF 47.6 million, which represents 4.9% of sales. At the net profit level, a profit of CHF 31.7 million accrued, which corresponds to 3.3% in relation to sales. Free cash flow at CHF 128.1 million is a result of the positive developments in earnings and net working capital. The acquisition of three businesses from the Saurer Group for a purchase price of CHF 321.4 million resulted in net debt of CHF 161.9 million; as of December 31, 2020, net liquidity amounted to CHF 41.3 million. At December 31, 2021, liquid funds amounted to CHF 249.4 million (2020: CHF 283.2 million). The equity ratio as of December 31, 2021, was 27.6% (previous year’s reporting date: 36.4%).

Sales by Region
Sales increased in all regions, with the exception of Africa. The highest growth of CHF 126.0 million compared to CHF 50.8 million in the previous year was achieved in India, followed by North and South America with CHF 149.9 million in 2021 compared to CHF 66.4 million in the previous period, and the Asian countries excluding China, India and Turkey with CHF 318.7 million (2020: CHF 184.8 million). In Turkey, Rieter increased sales to CHF 182.3 million (2020: CHF 122.0 million), in China to CHF 135.3 million (2020: CHF 92.8 million) and in Europe to 43.3 million (2020: CHF 38.4 million). In Africa, sales were below the prior-year level at CHF 13.7 million (2020: CHF 17.8 million).

Business Groups
Despite the well-known challenges in the supply chain, the Business Group Machines & Systems posted an order intake of CHF 1 708.6 million (2020: CHF 363.9 million) and achieved sales of CHF 590.3 million, double the previous year’s figure (2020: CHF 295.8 million). Ring and compact-spinning systems, on whose customer benefits Rieter has worked intensively in recent years, were particularly in demand.
The order intake of the Business Group Components was CHF 296.0 million, 75% above the previous year’s level (2020: CHF 169.1 million). Against the backdrop of successful strategy implementation and good capacity utilization at spinning mills worldwide, sales increased to CHF 231.5 million (2020: CHF 174.3 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). Sales reached a level of CHF 147.4 million (2020: CHF 102.9 million). The positive evolution of the Business Group After Sales was also significantly influenced by successful strategy implementation and good capacity utilization at spinning mills around the world.

Acquisition of three Saurer businesses
Effective from December 1, 2021, Rieter is consolidating the components businesses acquired from Saurer. With the acquisition of Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines), Rieter is strengthening its market position in the components business. The acquisition of the third business from Saurer (automatic winder) completes and thus considerably increases the attractiveness of Rieter’s ring and compact-spinning system. This acquisition marks an important milestone in the implementation of the company’s strategy as an innovative systems supplier. The transaction is expected to be finalized in the first half of 2022.

Rieter CAMPUS
On September 8, 2021, at the Winterthur location, the foundation stone was laid for the Rieter CAMPUS, which includes a customer and technology center as well as an administration building. With the Rieter CAMPUS, the company is creating a state-of-the-art and creative working environment, ensuring access to cutting-edge European technology and enhancing its ability to attract young talent. Thus, the Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position.

Dividend
In view of the profit of CHF 31.7 million at the net profit level in the 2021 financial year, the Board of Directors proposes to the shareholders for 2021 the distribution of a dividend of CHF 4.00 per share. This corresponds to a payout ratio of 57%.

Changes to the Group Executive Committee
With effect from March 1, 2021, the Board of Directors of Rieter Holding AG appointed Roger Albrecht as Head of the Business Group Machines & Systems and a member of the Group Executive Committee.

Board of Directors and Annual General Meeting
At the 130th Annual General Meeting held on April 15, 2021, the shareholders approved all motions proposed by the Board of Directors. The Chairman of the Board Bernhard Jucker and the Directors This E. Schneider, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for a further one-year term of office. Stefaan Haspeslagh was newly elected to the Board of Directors for a one-year term of office. This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also each re-elected for a one-year term of office.

Changes to the Board of Directors
The two members of the Board of Directors, Luc Tack and Stefaan Haspeslagh, resigned from Rieter’s Board of Directors with effect from August 30, 2021.

Outlook
Rieter anticipates a gradual normalization of the demand for new systems in the coming months. The company expects demand for wear and spare parts to remain at a good level due to high capacity utilization at spinning mills. For the full year 2022, due to the high order backlog and the consolidation of the businesses acquired from Saurer, Rieter anticipates sales of around CHF 1 500 million. Sales in the second half of 2022 are expected to be higher than in the first half of the year. The realization of sales from the order backlog continues to be associated with risks in relation to the well-known bottlenecks in the supply chains, the ongoing pandemic and the geopolitical uncertainties. Despite the price increases already implemented, the rise in global costs poses a risk to the development of profitability.

Source:

Rieter Holding AG

(c) Swissmem
14.02.2022

Swiss textile machinery going digital: Innovative technology for new business models

Digitalization is a big story in the world of business. It’s all about change, making use of technology to transform attitudes and create new opportunities to grow revenue. At its heart is innovation, with new systems and intelligent use of data. In textiles, the entire value chain is going digital, as evidenced by the commitment of Swiss Textile Machinery Association member firms. Their story – presented here in six ‘chapters’ – spans industry sectors through spinning, weaving, finishing and nonwovens.

Digitalization is a big story in the world of business. It’s all about change, making use of technology to transform attitudes and create new opportunities to grow revenue. At its heart is innovation, with new systems and intelligent use of data. In textiles, the entire value chain is going digital, as evidenced by the commitment of Swiss Textile Machinery Association member firms. Their story – presented here in six ‘chapters’ – spans industry sectors through spinning, weaving, finishing and nonwovens.

Cost savings and more
The process of digitalization in the textile industry today is continuous – faster in some segments than others – but noticeable everywhere. Automation is promising in many areas of finishing and making-up, where initial investments are being made. An example is folding of finished goods, previously a slow manual operation. Now, high-performance automatic folding machines from Swiss company Espritech deliver the potential for cost savings, unlocking new options for positive change at this most labor-intensive stage of production. For manufacturers in low-cost areas, the benefit results from its volume and is a simple financial one. In higher-cost segments, the application of this technology can be part of a completely new business model, taking production closer to the end customer.

Better process, better workplace
Pioneering in the field of digitalization embraces social responsibility along with the introduction of bold new technological innovation. That’s a commitment made by Uster, as it aims to shape future working practices in the textile industry in areas where its systems are applied. In fabric inspection, that means combining the strengths of human capabilities with the performance of Artificial Intelligence. Automatic defect classification with machine learning technology is the next leap in digitalization for fabric manufacturers, following on from automated detection of fabric faults, which is already well established in weaving and finishing mills. This will bring benefits in profitability for the manufacturer – as well as an improved working environment for their operatives, freed from repetitive tasks.

Information, flexible and fast
Access to data is critical in the digitalized world of textiles. It must be flexible, fast and secure, and available to all levels of the company – worldwide. Jakob Muller serves the narrow fabrics industry ideally with a digitalization portal, perfectly developed to provide essential production information. The portal is a browser-based production data acquisition system, with direct access to the machine controls. The system offers unique data monitoring and communication on a global framework. Digitized weave rooms present information 24/7 on desktops at the customer’s plant, as well as on tablets and smartphones remotely.

Making the most of it
Rieter takes advantage of latest digital technology to offer customers a unique experience. Their digital spinning suite helps spinners overcome their daily challenges and manage costs and efficiency more effectively. This all-in-one mill management system connects all the machinery, giving quick access to the right information and a holistic view, from bale to yarn. Users profit from full transparency, and are presented with recommendations based on long-standing experience and know-how. This is digitalization at its most practical, applied to allow spinners to make the most of their installed machinery.

Production, service, training – digital everything
As a solutions provider, Saurer puts digitalization at the core of business, integral to its technology offering to customers. Some latest examples include self-optimization of spinning machines, and a fully automated transport of cylindrical or conical cross-wound packages. These are automatically stored in an internal buffer system, for later feeding to subsequent processes. Of course after-sales service is also digital: the e-shop and machine information hub, together with the web-based training centre, ensure that knowledge is transferred to customers – turning employees into experts.

See the future system today
Autefa Solutions uses the concept of digital twinning, visualizing any real-world concept of a nonwovens line to make it easier for potential customers to grasp the idea. It’s also a big help for training and servicing needs. Most of all they digitalize important parts e.g. of a baling press line with perfectly interconnecting software tools. This is an excellent method for reducing commissioning times. Ordered bale presses reach technical readiness in the form of a digital twin, before they are commissioned in the real world. This typically halves the total time to get the line up and running.
Speaking on behalf of Swiss Textile Machinery Association members, André Imhof, CEO of Autefa Solutions Switzerland AG, says: “Making digitalization our friend opens doors for business model innovations, which is essential for our industry competitiveness. The approach is to digitalize everything that can be digitalized. We won’t stop.”

More information:
Swissmem digital Swiss companies
Source:

Swissmem

26.01.2022

Rieter: First information on the financial year 2021

  • Order Intake of CHF 2 225.7 Million in Financial Year 2021
  • Sales of CHF 969.2 million in financial year 2021
  • Implementation of the acquisition of the three Saurer businesses on schedule
  • EBIT margin of 4.5% to 5% of sales expected in financial year 2021

Due to the continuing high demand for new installations, components and services, Rieter posted an order intake of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2 225.7 million in the 2021 financial year (2020: CHF 640.2 million).

  • Order Intake of CHF 2 225.7 Million in Financial Year 2021
  • Sales of CHF 969.2 million in financial year 2021
  • Implementation of the acquisition of the three Saurer businesses on schedule
  • EBIT margin of 4.5% to 5% of sales expected in financial year 2021

Due to the continuing high demand for new installations, components and services, Rieter posted an order intake of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2 225.7 million in the 2021 financial year (2020: CHF 640.2 million).

The exceptionally high order intake is broadly supported at the global level. As reported previously, this is based on a catch-up effect from the two prior years and a regional shift in demand. Rieter believes that a major reason for this shift in demand is the development of costs in China. The orders came primarily from Turkey, India, Latin America, Uzbekistan, China and Pakistan. At the end of 2021, the company had an order backlog of around CHF 1 840 million (December 31, 2020: around CHF 560 million). Despite bottlenecks in material supplies and freight capacities, sales performance up to the end of the year was better than expected. The Rieter Group closed the 2021 financial year with sales of CHF 969.2 million (2020: CHF 573.0 million).

Implementation of the Acquisition of the Three Saurer Businesses
Effective from December 1, 2021, Rieter is consolidating the components businesses Accotex and Temco acquired from Saurer. With the acquisition of Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines), Rieter is strengthening the market position in the components business. The figures from the two businesses have been incorporated into the results for the 2021 financial year as follows: the 2021 order intake includes CHF 2.1 million and the 2021 sales includes CHF 3.3 million. The two businesses contributed a total of around CHF 27 million to the order backlog at the end of 2021. The acquisition of Saurer’s third business (automatic winder) leads to a significant increase in the attractiveness of Rieter’s ring and compact-spinning systems and is expected to be completed in the first half of 2022. Accordingly, order intake and sales are not included in the figures for the 2021 financial year.

EBIT Margin
Rieter anticipates an EBIT margin of 4.5% to 5% of sales in the 2021 financial year (2020: -14.7%).
Rieter will publish the full annual financial statements and the 2021 Annual Report on March 9, 2022.

Order Intake by Business Group
Thanks to the company’s innovative product portfolio and global positioning, all three Business Groups benefited from the high level of demand.
The Business Group Machines & Systems posted an order intake of CHF 1 708.6 million (2020: CHF 363.9 million). The main focus of demand was on ring and compact-spinning systems.
The order intake of the Business Group Components was CHF 296.0 million, an increase of 75% compared to the previous year (2020: CHF 169.1 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). The main reason for the positive order intake in both Business Groups is the continuing increased demand for spare and wear parts in spinning mills, which are operating at high capacity.

Sales by Business Group
Despite the challenges in the supply chain announced earlier, the Business Group Machines & Systems achieved sales of CHF 590.3 million, double the previous year’s figure (2020: CHF 295.8 million). Sales of the Business Group Components increased to CHF 231.5 million (2020: CHF 174.3 million). The Business Group After Sales achieved sales of CHF 147.4 million (2020: CHF 102.9 million).

Sales by Region
Sales increased in all regions, with the exception of the region Africa. The highest year-on-year growth of 148% was achieved in India, followed by North and South America (+126%) and the Asian countries (+72%), excluding China, India and Turkey.

Rieter will issue an outlook for the 2022 financial year at the Results Press Conference on March 9, 2022.

Source:

Rieter Holding AG

22.10.2021

Rieter Investor Update 2021

  • Order intake of CHF 698.6 million in third quarter 2021
  • Order intake of CHF 1 673.9 million after nine months
  • Acquisition of the three Saurer businesses on schedule
  • Credit lines renewed early
  • Outlook 2021

The positive market dynamics, which Rieter has already reported on several occasions, continued in the third quarter of the current year. Rieter recorded an order intake of CHF 698.6 million in the third quarter of 2021 (2020: CHF 174.4 million).

  • Order intake of CHF 698.6 million in third quarter 2021
  • Order intake of CHF 1 673.9 million after nine months
  • Acquisition of the three Saurer businesses on schedule
  • Credit lines renewed early
  • Outlook 2021

The positive market dynamics, which Rieter has already reported on several occasions, continued in the third quarter of the current year. Rieter recorded an order intake of CHF 698.6 million in the third quarter of 2021 (2020: CHF 174.4 million).

The order intake of CHF 1 673.9 million after nine months corresponds to an increase of 294% compared to the prior year period (2020: CHF 425.1 million).
 
The market development is broadly supported at the global level and is based on a catch-up effect from 2019 and 2020 in combination with a regional shift in demand. Rieter believes that a major reason for this regional shift in demand is the development of costs in China. This is leading to increased investments outside the Chinese market. The orders came primarily from Turkey, Latin America, India, Pakistan and China. Overall, Rieter is benefitting from its innovative product range and the global positioning of the company.

The Business Group Machines & Systems achieved an order intake totaling CHF 1 281.6 million in the first nine months of 2021 (+447%).*

In the first nine months of 2021, the Business Group Components recorded an increase of 95% to CHF 227.0 million, while the Business Group After Sales posted an order intake of CHF 165.3 million, an increase of 123% compared to the prior year period.*

Acquisition of the three Saurer businesses on schedule
The acquisition of the three businesses from Saurer, which Rieter announced on August 16, 2021, is proceeding according to plan. The incoming orders for these businesses are not taken into account in this trading update.
 
Credit lines renewed early
The Rieter Group arranged the early renewal of the existing committed credit lines (five-year term, totaling CHF 250 million).
 
Outlook 2021*
The first nine months of 2021 were characterized by a rapid market recovery combined with a regional shift in demand. Rieter expects the demand for new systems to gradually return to normal in the coming months.  
 
For the full year 2021, Rieter anticipates sales of around CHF 900 million.

* See attached document for more information.

More information:
Rieter spinning Fibers yarn
Source:

Rieter Management AG

16.08.2021

Rieter Board of Directors: Dismissals and Criminal Complaint

As the Rieter Holding Ltd. Announced, during the course of the acquisition of three Saurer businesses’, it came to serious violations of the statutory duty of loyalty, the obligation to maintain business secrets and the Rieter Code of Conduct by two members of the Board of Directors. They are said to have misused information internal to the Board of Directors in order to compete with Rieter through an offer of their own.

The Board of Directors considers this to be a strong violation of Rieter’s interests, to the detriment of all of its stakeholders, and a sustained breach of the relationship of trust within the Board of Directors which makes further cooperation impossible.

Therefore, the Board of Directors of Rieter Holding Ltd. intends to convene an Extraordinary General Meeting to dismiss these members. Furthermore, to protect Rieter’s interests, the Board of Directors will file a criminal complaint against them.

As the Rieter Holding Ltd. Announced, during the course of the acquisition of three Saurer businesses’, it came to serious violations of the statutory duty of loyalty, the obligation to maintain business secrets and the Rieter Code of Conduct by two members of the Board of Directors. They are said to have misused information internal to the Board of Directors in order to compete with Rieter through an offer of their own.

The Board of Directors considers this to be a strong violation of Rieter’s interests, to the detriment of all of its stakeholders, and a sustained breach of the relationship of trust within the Board of Directors which makes further cooperation impossible.

Therefore, the Board of Directors of Rieter Holding Ltd. intends to convene an Extraordinary General Meeting to dismiss these members. Furthermore, to protect Rieter’s interests, the Board of Directors will file a criminal complaint against them.

Source:

Rieter Holding AG

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

VDMA member companies at ITMA ASIA + CITME (c) ITMA
07.06.2021

VDMA member companies at ITMA ASIA + CITME

Although affected by the Covid-19 pandemic, ITMA ASIA + CITME, which takes place mid-June in Shanghai, will see a convincing participation of VDMA member companies. 56 exhibitors from Germany will exhibit at this year’s edition of Asia’s major fair for textile machinery. Due to the pandemic and travel restrictions, this is much less than in 2018, when 99 exhibitors from Germany were present. The booked space of German companies has almost halved compared to 2018. Nevertheless, Germany is still the second largest exhibitor nation after China.

At a virtual VDMA press conference early June, these renowned VDMA member companies* presented their highlights for the Asian market:

Although affected by the Covid-19 pandemic, ITMA ASIA + CITME, which takes place mid-June in Shanghai, will see a convincing participation of VDMA member companies. 56 exhibitors from Germany will exhibit at this year’s edition of Asia’s major fair for textile machinery. Due to the pandemic and travel restrictions, this is much less than in 2018, when 99 exhibitors from Germany were present. The booked space of German companies has almost halved compared to 2018. Nevertheless, Germany is still the second largest exhibitor nation after China.

At a virtual VDMA press conference early June, these renowned VDMA member companies* presented their highlights for the Asian market:

  • Oerlikon Polymer Processing Solutions Division
  • Truetzschler Group
  • Neuenhauser
  • Saurer
  • Karl Mayer
  • Groz-Beckert
  • Herzog
  • Lenze
  • Mahlo
  • Sedo Treepoint
  • Thies

Instead of visiting the show personally, the VDMA offers a virtual trip to Asia. The established "Textile Machinery Webtalk" series via the newsroom IndustryArena will focus on ITMA ASIA in the run-up to the fair: VDMA Webtalks meet ITMA ASIA.

*See attached document for more information.

14.01.2020

Saurer at ITME Africa

As a member of the Swiss Textile Machinery Association, Saurer will give visitors the opportunity to learn about the company and to gain an overview of its spinning and embroidery offerings at ITME Africa from 14 to 16 February 2020. At the exhibition, visitors will learn more about Saurer’s extensive spinning offerings, which enable customers to process a wide range of fibres depending on their needs using ring-, worsted- and compact- or rotor-spinning technologies. Autoairo, the group’s new double-sided air-spinning machine, will also be introduced to prospective clients.

As a member of the Swiss Textile Machinery Association, Saurer will give visitors the opportunity to learn about the company and to gain an overview of its spinning and embroidery offerings at ITME Africa from 14 to 16 February 2020. At the exhibition, visitors will learn more about Saurer’s extensive spinning offerings, which enable customers to process a wide range of fibres depending on their needs using ring-, worsted- and compact- or rotor-spinning technologies. Autoairo, the group’s new double-sided air-spinning machine, will also be introduced to prospective clients.

More information:
Saurer
Source:

Saurer AG

(c) Saurer Technologies GmbH & Co. KG
10.12.2019

Automation – a key theme for Saurer Twisting Solutions at Domotex 2020

Domotex, the world's largest trade fair for floor coverings, will take place in Hanover from 10 to 13 January 2020. Saurer Twisting Solutions is looking forward to welcoming customers and visitors at their Booth B35 in Hall 11.

Automation solutions made to measure for processing BCF yarns
At Domotex, Saurer Twisting Solutions will present customer-optimised solutions for process automation and product cost reduction. Automation of the material transport systems offers significant customer benefits. This is because these systems are individually adapted to the needs of clients and enable an optimum material flow throughout the entire twisting mill.

Easier and faster with new machine generation
Amongst other things, the new carpet yarn machine, the CarpetCabler CarpetTwister 1.10 and the automated guided vehicle PackDrive will be presented.

Domotex, the world's largest trade fair for floor coverings, will take place in Hanover from 10 to 13 January 2020. Saurer Twisting Solutions is looking forward to welcoming customers and visitors at their Booth B35 in Hall 11.

Automation solutions made to measure for processing BCF yarns
At Domotex, Saurer Twisting Solutions will present customer-optimised solutions for process automation and product cost reduction. Automation of the material transport systems offers significant customer benefits. This is because these systems are individually adapted to the needs of clients and enable an optimum material flow throughout the entire twisting mill.

Easier and faster with new machine generation
Amongst other things, the new carpet yarn machine, the CarpetCabler CarpetTwister 1.10 and the automated guided vehicle PackDrive will be presented.

More information:
Saurer Domotex 2020 Automation
Source:

Saurer Technologies GmbH & Co. KG

(c) Saurer Technologies GmbH & Co. KG
04.11.2019

Saurer with the new CableCorder CC5 at the Tire Technology Expo 2020

Experts from the tire industry will meet again in 2020 for the annual Tire Technology Expo in Hanover, Germany. Saurer Twisting Solutions is looking forward to welcoming customers and visitors at Booth 4006 in Hall 6 from 25 to 27 February 2020 and to presenting the innovative CableCorder CC5. With a complete package of numerous innovations, the CC5 once again demonstrates its technological leadership and the associated customer benefits.

The Saurer CableCorder for the production of high-quality tire cord is a permanent fixture in the tire industry. The fifth generation of the CableCorder will appeal to customers with its numerous innovations. It provides Saurer's customers with decisive competitive advantages: they benefit from lower energy consumption, a smart spindle concept, modern quality monitoring, improved ergonomics, flexible automation solutions and the integration of the CableCorder into Senses, the Saurer mill management system.

Experts from the tire industry will meet again in 2020 for the annual Tire Technology Expo in Hanover, Germany. Saurer Twisting Solutions is looking forward to welcoming customers and visitors at Booth 4006 in Hall 6 from 25 to 27 February 2020 and to presenting the innovative CableCorder CC5. With a complete package of numerous innovations, the CC5 once again demonstrates its technological leadership and the associated customer benefits.

The Saurer CableCorder for the production of high-quality tire cord is a permanent fixture in the tire industry. The fifth generation of the CableCorder will appeal to customers with its numerous innovations. It provides Saurer's customers with decisive competitive advantages: they benefit from lower energy consumption, a smart spindle concept, modern quality monitoring, improved ergonomics, flexible automation solutions and the integration of the CableCorder into Senses, the Saurer mill management system.

More information:
Saurer Tire Technology Expo
Source:

Saurer Technologies GmbH & Co. KG

(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

Saurer’s highly efficient FusionTwister at ShanghaiTex 2019 (c) Saurer AG
FusionTwister for staple fibre yarns
26.09.2019

Saurer’s highly efficient FusionTwister at ShanghaiTex 2019

In its 19th year, the international textile industry exhibition ShanghaiTex will take place from 25 to 28 November 2019. Saurer Twisting Solutions would be delighted to welcome customers and visitors to Saurer's Stand D40 in Hall E1. The focus is on the highly efficient FusionTwister for staple fibre yarns.

The FusionTwister sets the benchmark for the cost-effective production of two-for-one twisted staple fibre yarns. In order to achieve this, we have taken into account the three main factors affecting our customers’ profitability, namely energy, economics and ergonomics.

In its 19th year, the international textile industry exhibition ShanghaiTex will take place from 25 to 28 November 2019. Saurer Twisting Solutions would be delighted to welcome customers and visitors to Saurer's Stand D40 in Hall E1. The focus is on the highly efficient FusionTwister for staple fibre yarns.

The FusionTwister sets the benchmark for the cost-effective production of two-for-one twisted staple fibre yarns. In order to achieve this, we have taken into account the three main factors affecting our customers’ profitability, namely energy, economics and ergonomics.

The machines’ reliably low energy consumption is an important characteristic for decision-makers to take into account. Achieved by means of an optimised spindle drive as well as a great variety of spindle and feeding sizes for all kinds of applications, it is the main element in the equation of production costs.

Power consumption and costs are closely related, with energy efficiency positively influencing the return on investment, since it is daily challenge to process the maximum feeding weight while keeping electricity usage at a comfortable level.

The machine’s short set-up times, fast air threading and easy handling were key considerations with regard to optimising ergonomics.

VDMA: Regina Brückner New Chairperson of Textile Machinery Association © VDMA
(v.l.n.r.): Chairperson and Vice Chairpersons of the Textile Machinery Association: Regina Brückner, Fritz P. Mayer, Verena Thies.
02.11.2017

VDMA: Regina Brückner New Chairperson of Textile Machinery Association

Berlin / Frankfurt am Main, 2 November 2017 – Ms. Regina Brückner, Managing Associate of Brückner Trockentechnik, is the new chairperson of the VDMA Textile Machinery Association. The businesswoman from Leonberg was elected at the members’ meeting of the Association in Berlin. The new executive board is completed with Ms. Verena Thies, Thies Textilmaschinen, and Mr. Fritz P. Mayer, Karl Mayer Textilmaschinenfabrik, who were elected as vice chairpersons.

After her election, Regina Brückner stated: „I am pleased to have Ms. Thies and Mr. Mayer by my side, the two chairpersons who complement each other very well. Mr. Mayer is an entrepreneurial personality with decades of experience which he is meanwhile bringing in as the president of CEMATEX, the European Committee of Textile Machinery Manufacturers.  Ms. Thies assumed responsibility in the family company early on and has been working for the traditional company Thies in international textile machinery business since 2009.”

Berlin / Frankfurt am Main, 2 November 2017 – Ms. Regina Brückner, Managing Associate of Brückner Trockentechnik, is the new chairperson of the VDMA Textile Machinery Association. The businesswoman from Leonberg was elected at the members’ meeting of the Association in Berlin. The new executive board is completed with Ms. Verena Thies, Thies Textilmaschinen, and Mr. Fritz P. Mayer, Karl Mayer Textilmaschinenfabrik, who were elected as vice chairpersons.

After her election, Regina Brückner stated: „I am pleased to have Ms. Thies and Mr. Mayer by my side, the two chairpersons who complement each other very well. Mr. Mayer is an entrepreneurial personality with decades of experience which he is meanwhile bringing in as the president of CEMATEX, the European Committee of Textile Machinery Manufacturers.  Ms. Thies assumed responsibility in the family company early on and has been working for the traditional company Thies in international textile machinery business since 2009.”

The new executive board for the legislative period until 2021 is composed of:
Regina Brückner (Chairperson), Brückner Trockentechnik
Verena Thies (Vice Chairperson), Thies
Fritz P. Mayer (Vice Chairman), Karl Mayer Textilmaschinenfabrik
Johann Phillip Dilo, Oskar Dilo Maschinenfabrik
Peter D. Dornier, Lindauer Dornier
Arno Gärtner, Karl Mayer Textilmaschinenfabrik
Roland Hampel, A. Monforts Textilmaschinen
Dr. Janpeter Horn, Herzog
Markus Kleindorp, Memminger-Iro
Martin Küppers, Saurer Schlafhorst
Georg Stausberg, Oerlikon Textile
Andreas Lukas, Andritz Küsters
Benjamin Mayer, Mayer & Cie.     
Eric Schöller, Groz-Beckert
Heinrich Trützschler, Trützschler

Source:

VDMA