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SSM - combined power of 300 years of experience
SSM Textile Machinery, Horgen (Switzerland), is a subsidiary of the Rieter Group based in Winterthur (Switzerland). It is the one brand and trendsetter that drives the global market in winding technologies and machines.
Rieter's order intake grows by 16%
Rieter’s growth in order intake in the Asian countries (excluding China, India and Turkey) was pleasing.
The Rieter Group achieved an order intake of CHF 1 051.5 million in the 2017 financial year. This represents an increase of 16 per cent compared to the previous year (+ CHF 146.3 million). Thus, the upturn seen in the first half of 2017 continued. Sales totaled CHF 965.6 million, up 2 per cent on the previous year (2016: CHF 945.0 million). The full annual financial statements and the 2017 Annual Report will be published by Rieter on March 13, 2018.
4 bag Rieter Award
Rieter Award Week 2017 was held recently at the Rieter Headquarters in Winterthur (Switzerland). For around three decades, the Rieter Award has been a firm component of the company's programme to encourage its trainees – and is an institution in the textile industry.
Redesigning of Rieter’s Winterthur location
Rieter intends to create a modern location in Winterthur, concentrating the customer center, product and technology development, assembly and administration on an area of approximately 30 000 square meters.
ANDRITZ's needlepunch line for Mexican firm
ANDRITZ has received an order from Autoneum, headquartered in Winterthur, Switzerland, to supply an ANDRITZ neXline needlepunch eXcelle line to its plant in San Luis Potosi, Mexico.
Rieter order intake up 13%
The 2016 financial year was characterised by a significantly higher order intake, especially in the first half year, and lower sales compared to the previous year. Despite the decline in sales, Rieter achieved an EBIT margin of 6 per cent. Against the background of the solid financial and earnings position, the Board of Directors proposes to the shareholders to increase the dividend compared to the previous year.
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