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The Textile Magazine
August 2012
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spinning mills and also to various
machinery manufacturers.
In the first half of 2012, the group
posted order intake of 74.1 million
CHF. This was 38 per cent lower
than in the first half of 2011, but the
trend was positive compared to the
second half of 2011. Business with
spinning mill customers was more
dynamic than that with machinery
manufacturers in the reporting
period.
Sales by Premium Textile Com-
ponents were 23 per cent lower at
86.7 million CHF. The operating
profit before interest and taxes was
9.3 million CHF or 7.9 per cent of
corporate output (21.9 million CHF
or 14.6 per cent in the first half of
2011).
At the two major trade shows in
China and Turkey, Premium Textile
Components presented important
new products by the Bräcker, Graf,
Novibra and Suessen brands that
attracted considerable interest from
customers. These included, for
example, innovations in the compo-
nents offering that enable customers
to achieve greater energy efficiency
in their installations.
The investment program an-
nounced in the Spring of 2012 pro-
ceeded as planned in the reporting
period. At the close of the first six
months of 2012 Rieter has complet-
ed the following important steps:
Expansion in Asia: Rieter inau-
gurated the first stage of a further
manufacturing facility at its Chi-
nese site in Changzhou. The new
premises is already fully operation-
al. Further completion of the main
expansion stages is expected at the
end of 2013.
Innovation: Important interim
targets have been achieved in the
establishment of the airjet spinning
process. For the first time a custom-
er has installed a large integrated
system featuring J 20 airjet spin-
ning machines, i.e., both spinning
preparation and the final spinning
process. The J 20 airjet spinning
machine also attracted considerable
interest at ITMA Asia.
Process improvements: The
project for global standardization of
business processes is proceeding on
schedule. The projects in the invest-
ment program are operationally and
financially on track.
Outlook
Rieter will continue intensified
investment activity through the
2012 financial year to lay the foun-
dation for further profitable growth.
Business activities are broadly
based worldwide. Heterogeneous
corporate