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The Textile Magazine
August 2012
corporate
Compared with the extraordinar-
ily strong period in the previous
year, orders received by Rieter
declined in the first six months of
2012 by 40 per cent to 404.1 mil-
lion CHF. Both of Rieter’s busi-
ness groups – Spun Yarn Systems
(machinery, spare parts and service
business) and Premium Textile
Components (components business)
– were affected by this downturn.
However, order intake was higher
than in the second half of 2011 and
was broad-based in geographical
terms.
Rieter booked the most orders
in China, Turkey and other Asian
countries, including Indonesia and
Pakistan. Customers in the Near
& Middle East and Africa placed
further substantial orders for staple-
fiber machinery and technology
components. In contrast, order
intake in the important Indian mar-
ket remained at a very low level.
Orders in hand, some of which
will be reflected in sales in 2013,
totalled more than 515 million CHF
at the end of the first six months
(over 840 million CHF at the end of
the first half of 2011).
The positive attributes of the
product portfolios of both business
groups enabled Rieter to further
expand its strong market position
worldwide, especially in China.
Machinery and components from
Rieter create competitive advan-
tages for customers in the success
factors of yarn quality, productiv-
ity, material utilization and energy
efficiency.
Rieter’s sales of 487.3 million
CHF were nine per cent lower than
a year earlier. Rieter booked the
most sales in Turkey, followed by
China and other Asian countries.
Sales in China were 17 per cent
higher than in the previous year,
but sales in India declined by more
than half. Corporate output was 20
per cent lower due to the decline in
the order volume, and amounted to
441.1 million CHF.
The first half of 2012 was characterized by widely diverging trends
in the geographical markets of relevance for Rieter. Global economic
uncertainties affected the markets for short-staple fiber machinery and
components in China and Turkey. In India, demand remained weak also
due to industry-specific reasons. Yarn inventories, which were still very
large last summer, continued to decline. The overall margin situation at
spinning mills improved, although regional differences persist.