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Swiss company Rieter achieves strong orders due to market recovery

Swiss supplier of short fiber spinning systems, characterized by rapid market recovery and regional changes in demand, received orders of CHF 1,673.9 million (Swiss currency), up 294% year-on-year. I am reporting. The company expects annual sales to reach CHF 900 million in the same period of 2020, the third quarter of 2009, and demand for new systems will gradually increase over the next few months. I expect it to return to normal.

Litter, characterized by rapid market recovery and changing regional demand, grew 294% year-on-year with orders of CHF 1,673.9 million (Swiss currency) in the third quarter of 2009. Reported. It ended on September 30, 2021 at the same time in 2020. The company expects sales to reach CHF 900 million in 2009.

“Reater believes that rising costs in China are the main reason for this change in regional demand, which leads to increased investment outside the Chinese market, according to textile machinery companies. , Orders were mainly from Turkey, Latin America, India, Pakistan and China.

Litter, characterized by rapid market recovery and changing regional demand, grew 294% year-on-year with orders of CHF 1,673.9 million (Swiss currency) in the third quarter of 2009. Reported. It ended on September 30, 2021 at the same time in 2020. The company expects sales to reach CHF 900 million in 2009.

The machinery and systems business surged 447 percent with orders of CHF 1,281.6 million in the first nine months of 2021 ending September 30, 2021 due to regional changes in demand. bottom. The components business was up 95% to CHF 227 million and sales were up 123% to CHF 165.3 million.

Litter, characterized by rapid market recovery and changing regional demand, grew 294% year-on-year with orders of CHF 1,673.9 million (Swiss currency) in the third quarter of 2009. Reported. It ended on September 30, 2021 at the same time in 2020. The company expects sales to reach CHF 900 million in 2009.

“Achieving sales from backlog continues to be associated with risk in the light of material delivery and freight capacity bottlenecks and ongoing pandemics in countries that are important to readers,” the company said. increase.

Fiber2Fashion News Desk (JL)



Swiss company Rieter achieves strong orders due to market recovery

Source link Swiss company Rieter achieves strong orders due to market recovery

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