Results 2021 . Media & Investor Presentation . March 9, 2022
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Rieter Group - Order Intake 2021
Record level for Rieter - Market (1)
Market
Technology
System
Staple fiber mill consumption China 2018: ~ 23 million tons
‒ Domestic demand:
~ 50%
Production of one million ton of yarn triggers investments in spinning equipment of CHF 1 billion
2021 investments into spinning capacity outside China around 1.5-2 million tons p.a. (Rieter estimate)
Rieter expects this development to continue
Results 2021 . Media & Investor Presentation . March 9, 2022
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Rieter Holding AG published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 05:40:06 UTC.
Rieter Holding AG is a Switzerland-based holding company and a supplier to the textile industry. The Company comprises two business segments: Spun Yarn Systems and Premium Textile Components. The Spun Yarn Systems business segment develops and manufactures machinery and systems for processing natural and man-made fibers and their blends into yarns. The Premium Textile Components business segment supplies technology components and service offerings to spinning mills and also to machinery manufacture. The Company provides spinning preparation processes and also all four final spinning processes that are established on the market. It operates through its subsidiaries, as well as affiliated companies in a number of countries. Since May 13, 2011, the former Rieter Automotive Systems Division has been listed separately as Autoneum on the SIX Swiss Exchange.