Newsline-National | December 2016
Rieter marches ahead in India
The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey. The market environment in the third quarter was characterised by differing dynamics in the individual countries as well as with regard to the product categories.
Whereas during the third quarter Rieter was able to achieve good market success in India and demand in China picked up slightly, demand for new machinery in Turkey – following a strong phase in the early part of the year – declined significantly over the same period. On the product side, the trend in demand for compact spinning systems was overall positive. The market for rotor spinning systems, on the other hand, remained at a low level.
Thanks to its strong global presence and its wide and technologically advanced portfolio of products, Rieter recorded cumulative order intake of CHF 718.4 million in the first nine months of 2016 (CHF 587.1 million in 2015).
The success of the Machines & Systems business group in posting order intake of CHF 477.6 million, a significant rise (+47 per cent) compared to the first nine months of the prior year (CHF 323.9 million in 2015), was a decisive factor with regard to the positive development. Machines & Systems received orders worth CHF 134.2 million in the third quarter (CHF 98.3 million in third quarter of 2015). In India, major orders were placed for the K 42 compact system, while in China order intake continued to be below average, despite a slight revival. Order intake in Turkey in the third quarter was considerably below the level achieved in the first months of 2016.