Study: Exterior of Rieter Campus

  • Review panel pronounces in favor of project proposed by Winterthur firm, BDE Architekten GmbH
  • Rieter's Board of Directors approves detailed draft of winning project

Rieter intends to create a modern location in Winterthur, concentrating customer center, product and technology development as well as administration on an area of approximately 30 000 square meters, called Rieter Campus.

The project was officially launched mid-November 2017, when a study contract was awarded to five renowned consultancy firms from the Canton of Zurich. Their projects were evaluated by a review panel consisting of technical specialists and professional experts. This panel unanimously selected the project proposed by the Winterthur firm, BDE Architekten GmbH.

Rieter's Board of Directors has decided to have BDE prepare a detailed draft for the project. Rieter Campus will make an important contribution to the successful further development of Rieter. The decision regarding the realization of the project is expected to be made mid-2019.

Stripping down of the building 'Werkhalle 40' will start as early as May 2019. Rieter wants to give the canton's archaeological department sufficient time to carry out the necessary archaeological surveys and any possible excavations. The two current external tenants will be provided with a sustainable solution by Rieter.

For further information please contact:

Rieter Holding Ltd.

Rieter Management Ltd.

Investor Relations
Media Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 15
F +41 52 208 70 60
investor@who-needs-spam.rieter.com
www.rieter.com
Relindis Wieser
Head Group Communication
T +41 52 208 70 45
F +41 52 208 70 60
media@who-needs-spam.rieter.com
www.rieter.com

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About Rieter

Rieter is the world's leading supplier of systems for short-staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four end spinning processes currently established on the market. Furthermore, Rieter is a leader in the field of precision winding machines. With 17 manufacturing locations in ten countries, the company employs a global workforce of some 5 250, about 20% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN. www.rieter.com/

Disclaimer

All statements in this report which do not refer to historical facts are forecasts for the future which offer no guarantee whatsoever with respect to future performance; they embody risks and uncertainties which include - but are not confined to - future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors which are outside the company's control.

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Rieter Holding AG published this content on 10 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 September 2018 06:41:02 UTC