The Rieter Group completed the acquisition of a 25% stake in Electro-Jet S.L. on December 14, upon approval by the Spanish antitrust authority.
On July 18 last, Rieter signed a contract to acquire 25% of Electro-Jet S.L., thus strengthening the ring spinning system. The company, based in Gurb (Spain), generated annual sales of around EUR 25 million in 2017 and employs around 135 persons. The joint development of innovative products is also planned as part of the strategic partnership.
The Spanish company Electro-Jet, founded in the 1960s, is dedicated to the manufacture of machinery for the textile industry. The company has been exporting almost 95% of total production, India being one of its three top export markets. Within their range of products there are several models of overhead travelling cleaners for ring spinning frames, looms, winders, etc., which have been adapted to the requirements of the most modern machines. Electro-Jet also has its manufacturing facility in Madurai.
At the beginning of this century, the company also started production of a new automatic roving frame that has revolutionised the market.
It is specially in the automation field that Electro-Jet has been working vigorously for the past few decades and has installed worldwide many automatic transport systems for bobbins, cones and cans, having two main lines: the TAB transport system that allows a total automation in mills where having a great flexibility is a key factor.
The company also offers to its spinning customers several systems to process spinning tubes such as silos (stock) and complete automatic sets in order to sort out, clean and lay on trays this kind of tubes.
In the area of transport, logistics, palletising and packing, Electro-Jet executes made-to-measure projects, submitting this way global solutions for total automation of mills. It also offers fabric batchers and inspection machines, one of the main auxiliary machines in weaving mills, as they allow accumulation of fabric at the loom exit, in order to check it before passing to the next productive phase. They are designed to work both with natural and synthetic fibers, and they can be equipped with different options to be perfectly adapted to the needs of each mill