Despite this challenging market environment, the Rieter Group recorded a gratifying order intake of CHF 629.8 million in the first nine months of 2024 (2023: CHF 452.2 million) in all market regions. In the third quarter of 2024, orders increased by 78% year-on-year to CHF 226.4 million (2023: CHF 127.2 million). This means that the order intake has increased for the third quarter in a row.

Sales

Rieter’s cumulative sales in the first nine months of 2024 amounted to CHF 584.3 million (2023: CHF 1 092.9 million), a decrease of 47% compared to the prior-year period. Sales in the third quarter of 2024 were CHF 163.3 million (Q3 2023: CHF 334.7 million).

The Business Group Machines & Systems generated total sales of CHF 264.1 million in the first nine months of 2024 (-65% compared to the same period of the previous year). The Business Group Components posted sales of CHF 184.5 million, 11% lower than in the corresponding period of the previous year, while the Business Group After Sales recorded a slight decline of -1% to CHF 135.7 million in the first nine months of 2024.

Order backlog

As of September 30, 2024, Rieter has an order backlog of around CHF 690 million (September 30, 2023: CHF 900 million).

“Next Level” performance program

The transfer of resources and responsibilities to India and China to enable the key markets to respond in a more agile way to customer needs and cycles in the machinery business is on track. The planned cost savings were achieved. Rieter continues to consistently implement the action plan to increase profitability.

Outlook for the full year 2024

Due to the overall geopolitical situation and the general deterioration in consumer sentiment, the market recovery is proving to be more restrained than previously forecast. The first signs of a recovery in financial year 2024 have emerged in the key markets of China and India.

For the full year 2024, Rieter now anticipates sales in the range of CHF 900 million and an EBIT margin remaining at 2% to 4%.

Posted: October 23, 2024

Source: Rieter

The renowned company based in Shijiazhuang in north-eastern China specializes in the processing of recycled staple fibres and focuses on high efficiency and low water consumption. An ISOSIZE and an earlier generation KARL MAYER sizing machine are already in production in its warp preparation department. Pinhua Garments has now invested in another innovative warp preparation solution, a PROSIZE with VSB Size Box. With the signing of the contract, the state-of-the-art sizing equipment celebrates its premiere on the Chinese market.

At the trade fair, the experts from Pinhua Garments first learned about the possibilities of the Smart Size Box HSB and expressed great interest in this latest development for the sizing sector. The advantages of the advanced solution include less unplanned downtime and maintenance costs, and therefore more efficient, but also quality-assured production processes.  Like all PROSIZE Size Boxes, the Smart Size Box enables a cover factor of up to 100% at a maximum sizing speed of 160 m/min, with 200 m/min also possible as an option.

In addition to the Smart Size Box feature, the Size Box VSB was the subject of the exchange with Pinhua Garments Co. The innovative sizing equipment works with a highly efficient application technology that uses up to 10% fewer sizing additives compared to the immersion bath process. This saves costs, energy during desizing and waste water. In addition, the ability to control the yarn tension by the sizing system is an important advantage in view of the demanding processing of cotton. This performance convinced Pinhua Garments: The company ordered a PROSIZE with VSB Size Box.

“This investment is a reinforcing vote of confidence and I’m pleased to see our customer willing to grow with KARL MAYER through different generations and developments of machines,” says Gabriel Chiu, Regional Sales Manager at Warp Preparation Business Unit.

Posted: October 18, 2024

Source: KARL MAYER GROUP

Beste and Rieter have signed an order to exclusively equip the newly founded spinning mill, FILUM S.r.l., in Bergamo, Italy, with the latest Rieter technology, including a complete ring spinning system. This is a pivotal step in the ITACO project, which encompasses every phase of cotton production — from the cultivation of organic cotton in southern Italy to spinning in Bergamo and garment manufacturing in the Prato region. Everything is done within a few hundred kilometers, providing unparalleled control over quality and sustainability, making Beste’s supply chain fully transparent.

From fiber preparation to winding, the new spinning mill will be exclusively equipped with the latest Rieter technology. With the fully electronic ring spinning machine G 38, equipped with the compacting device COMPACTapron, Beste produces combed compacted yarn that meets the highest standards required for its ITACO collection.

The all-in-one digital mill management system ESSENTIAL connects data throughout Beste’s new spinning mill, giving the company a comprehensive view of all relevant performance indicators from bale to package. The fully automated piecing robot ROBOspin ensures consistent performance of the ring spinning machines and minimizes personnel deployment. The fully automated roving bobbin transport system SERVOtrail Direct further reduces personnel requirements as no manual bobbin transport is needed.

Giovanni Santi, CEO of Beste, stated: “We engage with partners who share our philosophy and standards. Rieter machines meet our demand for the highest quality and enable us to produce yarns for our garments that embody the design and quality hallmarks of ITACO, our unique, fully traceable Italian cotton project.”

Roger Albrecht, head of the Rieter Business Group Machines & Systems, adds: “We are proud that Beste has chosen our technology to accelerate their growth momentum. Our ring spinning system perfectly fits into this complete Italian production chain, supporting the ITACO project’s vision of high-quality, sustainable garments.”

Posted: October 17, 2024

Source: Rieter Ltd.

The exact terms of the deal are undisclosed. This news follows unspun’s recent closing
announcement of its Series B funding round.

DECATHLON Pulse intends to collaborate with unspun as an industrial partner to expand 3D
weaving throughout Europe serving multiple European brands. unspun aims at deploying
Vega machines to pioneer local, low-waste, and low-inventory production in the region.
unspun’s state-of-the-art 3D weaving technology, Vega, revolutionizes the manufacturing
process by weaving semi-finished products directly from yarn.

This collaboration with DECATHLON Pulse represents a significant milestone in unspun’s
mission to provide 3D-woven apparel products to European customers.

Walden Lam, CEO and co-founder of unspun, expresses enthusiasm for the partnership, stating: “Decathlon has been a great partner from the very beginning. This collaboration enables us to provide apparel products that have been produced in a more sustainable way to mainstream customers in Europe. Collectively, we are contributing to carbon neutrality objectives on millions of garments in a bid to help the fashion industry reduce waste from the supply chain. Our Vega technology is a key step on this journey to bring fast, low-impact, circular, and cost-effective production in low operating volumes to Europe.”

unspun’s vision extends beyond reducing carbon emissions in fashion, as the company pioneers innovative garments and production methods. Vega unlocks scalable potential for on-demand production, allowing brands to establish micro-factories for localized and automated manufacturing. With the EU’s Waste Framework Directive regulations on the horizon, unspun’s approach and technology offer brands better management of finished goods inventory levels, reducing waste from unsold inventory. By addressing overproduction and emissions, unspun’s low-inventory method is crucial in combating the growing global waste problem, projected to increase by 70 percent by 2050.

Franck Vigo, CEO of DECATHLON Pulse, stated: “We are thrilled to team-up with unspun. This partnership will enable Decathlon to reduce waste within the manufacturing process and strengthen our commitment to sustainability. By leveraging the potential of 3D weaving, we are working to revolutionize the garment manufacturing process and offer consumers customized, recyclable, and locally-produced products.”

unspun’s technological capabilities and vision for the future of fashion have landed the company on America’s Top Greentech companies 2024 by Time magazine, Vogue 100 innovator’s list, Newsweek’s Climate Change Innovators, TIME’s Best Inventions, and Fast Company’s World-Changing Ideas.

Posted October 15, 2024

Source: unspun

The ceremony was attended by prominent figures including President Rodrigo Chaves Robles of Costa Rica, Minister of Foreign Trade Manuel Tovar, Korean Ambassador Keun Seok Jeon, and over 80 buyers.

In his remarks, President Rodrigo Chaves said, “This is an occasion to once again reaffirm the cooperative relationship we have built on trust, stability, and mutual respect with Global Sae-A, which has played a central role in Costa Rica’s development.”

The newly completed third spinning mill of Sae-A Spinning is located in Cartago, about 20 kilometers southeast of the capital, San José. The facility has a capacity of 36,000 spindles and can produce 8 million kilograms (kg) of yarn annually. With this addition, Sae-A Spinning’s total capacity now reaches 106,000 spindles, securing an annual yarn production of 24 million kg. This expansion enhances economies of scale and positions the company to flexibly meet the evolving demands of its global customers.

Global Sae-A entered the Costa Rica market in 2015, establishing its yarn production facility, Sae-A Spinning, which produces high-quality yarn. The company achieved full vertical integration of the entire apparel manufacturing process — from spinning, knitting, dyeing, and sewing — a first for Korea’s apparel OEM industry.

Over the past decade, Global Sae-A has invested $200 million in Costa Rica, starting with the operation of its first mill (34,000 spindles, 8 million kg annual production) and followed by the completion of its second mill in 2022 (36,000 spindles, 8 million kg annual production). With the completion of its third mill, Sae-A Spinning has tripled its production capacity and expanded its ability to produce a wide range of yarns in response to rapidly changing market trends.

Global Sae-A continues to explore investment opportunities in Latin America, in alignment with the growing near-shoring trend, where buyers seek to position production facilities closer to consumer markets.

WK Kim, chairman of Global Sae-A Group, commented: “With this expansion, we are optimizing CAFTA tariff benefits for duty-free exports to the U.S., further strengthening the global textile supply chain.

“Sae-A Spinning has been a leader in sustainability by using 100-percent U.S.-grown cotton, ensuring traceable and eco-friendly production processes. We remain committed to maintaining our leadership through our traceability system, sustainability certifications, and green manufacturing processes.”

Global Sae-A Group continues its growth as a global conglomerate, encompassing the world’s largest apparel manufacturer and exporter Sae-A Trading, fabric manufacturer Wintex, sportswear production specialist Tegra, fashion brands In The F and S&A, as well as the top-ranked international construction company Ssangyong Engineering & Construction, and corrugated paper and packaging company Tailim.

Posted: October 14, 2024

Source: Global Sae-A Group

Savio will display its latest product range solutions which testify Savio’s dedication to innovation technology and strong partnerships across the industry. We look forward to welcome you at Savio booth in Hall 8 booth C38 for discovering more about our winding, twisting and air jet spinning innovations.

NEXT DESTINATION: PROXIMA Smartconer®

The new winding machine Proxima Smartconer® is setting the benchmark in Savio automatic winding. We have combined the name Proxima with Smartconer: it stands for a high-tech winding machine, capable of perfectly adapting to demands of Connectivity, Industry 4.0 and Industrial Internet of Things. Thanks to the innovations, spinners will get a machine featuring high-tech capabilities, thanks to a design with a strong focus on the main benefits for customer’s competitive advantage: high productivity, low energy consumption, premium yarn quality, automation, and data connectivity.

Proxima Smartconer has been designed with the foremost attention to the customer’s needs in the optimal utilization of a winding machine.Investing in equipment that enables to work faster and reduces manual and repetitive tasks, can increase both efficiencies and overall productivity. The same applies to a new equipment that does more of what is needed, faster, safer, with better quality but with less waste, less maintenance, and less resource usage.

SAVIO’S LYBRA Smartspinner®: WE SPIN DIFFERENT

With Lybra Smartspinner®, we spin different with a versatile and smart machine. Savio’s air-jet spinning machine has been developed with an original spinning technology to serve our customers in specific applications of textile production: knitting, home textiles, sunshades. Air-jet spun yarn has a soft and smooth character, perfectly adapting to creating functional & fashionable fabrics.

With LYBRA Smartspinner, we want to offer our customer a versatile, flexible, cost saving and easy-to-use machine. Air-jet spinning offers to yarn manufacturers the opportunity to produce yarn at high production rates and low processing costs. The air-jet spinning technology use the same preparation of the conventional ring spinning. This processing works directly with slivers instead of roving, integrating three textile processes: roving, spinning & winding.

Space needs for air-jet spinning is 25- to 30-percent less than for ring-spinning equipment producing the same capacity, thereby reducing building costs. Also, a smaller area requires less climate control and reduced operating personnel. This results in further substantial savings, maximizing the return on investment.

Posted: October 4, 2024

Source: Savio Macchine Tessili S.p.A.

“At Picanol, we are convinced that it is of utmost importance to keep on innovating, even when market conditions are not favorable. Therefore, we are really excited to emphasize this approach by launching our brand new Supermax rapier machine. This machine is specifically aimed at the Asian markets and once more, we are raising the industry standard to a higher level. Our latest innovation means Picanol is further strengthening its position as the world’s leading weaving machine manufacturer and we continue to offer the best products, technological solutions, and services. And we will demonstrate this with the four machines and digital platform PicConnect we will have on display at our booth,” comments Johan Verstraete, Vice President Weaving Machines.

The four Picanol weaving machines on display will be the latest Supermax and Ultimax rapier weaving machines and an OmniPlus-i Connect airjet weaving machine. Our sales and service team will also demonstrate the unique functionalities of our PicConnect. With PicConnect, Picanol is centralizing its digital tools and services in one new fully digital platform. At ITMA ASIA + CITME, visitors will get the opportunity to discover all the benefits and latest features of PicConnect. This will enable weavers to leverage the full extent of the possibilities offered by the Picanol weaving machines.

Posted: October 3, 2024

Source: Picanol

The past, present and future of weaving on display

Born from the legacy of the most successful high-end rapier weaving machine assembled in China, the Itema R9000 and R9000-2, the GalileoRX features technological and design advancements to fully meet the needs of the market, reaching unbeatable levels in terms of performances, textile mastery and eco-efficiency. Launched in 2022 to address the specific needs of the Chinese and Asian textile markets, the Itema GalileoRX has rapidly gained recognition for its ability to weave a wide range of fabrics with superior quality and precision.

The GalileoRX on show at the Itema booth – in 2300 mm weaving width – will weave an Apparel style and will be equipped with two of the latest Itema innovations: the New Generatione Machine Console, with a 15.6” wide touch, full glass, capacitive display, and the iSAVER®fancy. Based on the mechatronic technology of iSAVER®eco, iSAVER®fancy is available up to 6 weft colors and allows to eliminate the waste selvedge on the left-hand side of the rapier machine thus providing substantial costs saving and significant contribution to sustainable weaving by reducing raw materials and resources waste.

Moreover, in the year of its 70th anniversary, the legendary projectile weaving machine makes its grand return to an international trade fair.

The Itema projectile P7300HP V8, in 3900 mm weaving width, will weave a Denim style. Renowned for its unbeatable reliability and high productivity, the P7300HP V8 ensures excellent fabric quality even for heavy- duty textiles such as denim and technical fabrics. Itema is the only weaving machine manufacturer that offers projectile weaving technology – and continues to push the boundaries of projectile weft insertion technology, which still remains the best weaving machine for specific applications.

This year also marks a milestone for projectile weaving technology as we celebrate the 70th anniversary of the official unveiling of the TW11, the first projectile weaving machine, which was presented at the Mustermesse in Basel in 1954. The TW11 revolutionized the weaving industry with its unique weft insertion system and ability to efficiently produce extra-wide and heavy fabrics, laying the groundwork for subsequent generations of projectile looms like today’s P7300HP V8.

Additional Machines Displayed at Partner Booths

Guests will also have the opportunity to see eight additional Itema rapier weaving machines showcased at our partner booths, including Huzhou Hyundai (Julibao) at Hall 3 – C08, Lilai (Hall 3 – Booth A38), Tongxiang (Hall 3 – Booth E07), Changfang (Hall 3 – B35), Huling and Song&Song (Hall 3 – A67).

Itema Group’s Complete Offer of Weaving Solutions

During their visit to ITMA ASIA + CITME 2024, visitors will be able to learn more about the full range of weaving solutions offered by Itema Group:

• HelloItema, the Itema customer portal – offering a comprehensive set of digital functionalities and smart solutions and designed to make customers’ working lives easier and add value to their investment. Accessible via browser or app from any device – and directly from the machine console on new generation Itema machines – users can order original spare parts, check order status in real- time, open service tickets, and access relevant machine documentation.
• The full range of OEM spare parts and the latest solutions for upgrading existing Itema looms, as well as previous brands such as Sulzer, Somet, and Vamatex.
• Lamiflex, part of the Itema Group, will showcase advanced weaving accessories, including rapier tapes and sprocket wheels.

Visitors to ITMA ASIA + CITME 2024 will have the chance to experience firsthand how Itema continues to provide state-of-the-art solutions tailored to the evolving needs of worldwide textile industries. To learn more, visit the Itema Group Booth in Hall 3 – Booth C11.

Posted: October 3, 2024

Source: Itema S.p.A.

The Board of Directors of Rieter Holding Ltd. would like to take this opportunity to thank Randegger for his many years of successful service and his significant contribution to the further development of the Business Group After Sales. The board wishes him every success and all the best for the future, both professionally and personally.

The Board of Directors of Rieter Holding Ltd. has appointed Alexander A. Özbahadir to the Group Executive Committee of the Rieter Group with effect from January 1, 2025. He will be responsible for the Business Group After Sales.

Özbahadir started his career with the Jungheinrich Group in Shanghai, China, and Hamburg, Germany. In 2017, he was head of Global Sales and Marketing at Schindler Management Ltd., Ebikon, Switzerland. In 2020, he joined Schindler Group China, Shanghai, as senior vice president New Installations (NI) and head of “China Growth”.

In the period from 2021 to 2024, he was CEO of C. Haushahn GmbH & Co. KG, Stuttgart, Germany, and, among other positions, he was head of Acquisitions at Schindler Deutschland AG & Co. KG, Berlin, Germany. Most recently, as senior vice president, he was responsible for Global Account Management Europe at the Schindler Group in Ebikon.

Posted September 10, 2024

Source: Rieter

Gimatex Industries Pvt. Ltd. has high standards for quality and sustainability. The company operates fully integrated facilities with ginning, spinning, recycling, weaving and processing units in Hinganghat, within India’s major cotton-growing region of Vidarbha. It also runs a state-of-the art fabric processing unit in Dholka, near Ahmedabad. As a family-owned company with over 125 years of history, it has a lot in common with Trützschler. Together, the two partners are working in close collaboration with the shared aim of extending that long history far into the future.

“Our clients demand consistent quality and competitive prices,” said Vineet Mohota, director at Gimatex. “We meet those demands by always leveraging the latest technologies to boost quality, save energy and make progress for sustainability. Trützschler is a strong partner for that work.”

Lower costs and higher productivity

Trützschler’s Integrated Draw Frame (IDF) technology is at the heart of this collaboration. Gimatex is using these innovative solutions to produce high-quality yarn. In particular, IDF enables Gimatex to produce top- quality yarns from a uniquely wide variety of raw materials — from 100 percent cotton through to polyester, recycled fibers and blends of various different inputs.

Gimatex mainly uses Trützschler IDF to manufacture rotor yarns in a direct spinning process. Direct spinning means shortening the spinning process by eliminating draw frame passages. Fiber slivers are fed directly from the card into the integrated drafting passage. This direct spinning concept uses less electricity and less space than conventional draw frame passages, which helps Gimatex to cut costs while increasing output volumes — with no compromise in quality. Most often, IDF technology is used for rotor and vortex spinning. However, the team at Gimatex is now also one of the first spinning mills in India to develop a special IDF process for producing traditional and recycled ring yarn. This allows the company to leverage the same setup it uses for open-end yarn. The ring yarn produced in this unusual way is mostly coarser varieties and recycling blends for cotton/spandex (lycra) products, with Ne 10s and Ne 16s. The yarn goes through a blow room into a TC 15 card with IDF, before entering a Trützschler TD 10 draw frame, a speed frame and a ring frame.

Longstanding partnership

“The performance of Trützschler’s IDF machines is great,” says Mr. Mohota. “We also get support from Trützschler’s expert teams. They’re always available to give guidance and answer questions, and they’re able to access data from around the globe to share best practices for every application.” Gimatex and Trützschler have established a close relationship over a long period. IDF machines are a flexible, highly efficient and sustainable technology that is helping to extend that valuable partnership. As market conditions in India continue to evolve, we will keep working hand in hand to adapt to change successfully – while meeting high expectations from customers.

Posted: August 26, 2024

Source: The Trützschler Group SE