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THE TEXTILE MAGAZINE
AUGUST 2011
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corresponds to a slight decrease of 9
per cent compared to the exception-
ally high level recorded in the same
period of the previous year (738.6
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There was strong demand for prod-
ucts of both Rieter’s business groups,
Spun Yarn Systems and Premium
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also broad-based in regional terms.
Rieter recorded the largest volume
of orders in the Indian, Turkish and
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ders were secured in other Asian
countries such as South Korea, Indo-
nesia and Pakistan. Spinning mills in
the US, Brazil and Egypt also invested
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nents from Rieter.
The high level of orders already in
hand at the beginning of the year con-
tinued to grow on the back of healthy
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2011. This meant that Rieter’s pro-
duction capacity was utilized to the
limit, resulting in long delivery times
in some cases. Sales of 537.8 million
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the same period of the previous year.
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change rates, especially the strength
of the Swiss franc, had a negative im-
pact on new orders received by Rieter
and on sales revenues to the tune of
–4 and –7 percentage points, respec-
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As of June 30, 2011, the company
employed a workforce of 4,725, com-
pared with 4,064 on the same date the
previous year. The increase in person-
nel numbers was due largely to the
expansion of facilities in the growth
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number of temporary employees was
also increased in order to satisfy the
large volume of orders.
Separation completed
The separation of the Rieter Group
into two independent companies
focusing on the textile machinery
and automotive components supply
business respectively, which was an-
nounced on March 22, 2011 and ap-
proved at the annual general meeting
held on April 13, has been completed
as planned. The automotive compo-
nent supply business has been listed
as Autoneum Holding AG on the SIX
Swiss Exchange since May 13.
The focus on the textile machinery
business enables Rieter to position
itself more clearly and operate with
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in the context of the two segments –
Spun Yarn Systems and Premium Tex-
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parency and visibility for shareholders.
With its sound balancesheet, Rieter
is well placed to achieve further de-
velopment of the business through
internal and external growth.
Spun Yarn Systems
Through its Spun Yarn Systems
Business Group, Rieter is the only
supplier worldwide covering the spin-
ning preparation processes and all
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lished on the market with its machin-
ery and systems.
Spun Yarn Systems received new
orders of the value of 552.7 million
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year earlier, but was still at an above-
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to meet the needs of the major Asian
markets was an important factor here.
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