Rieter

A leading global supplier for textile machinery and components used in short staple fiber spinning

A leading global systems supplier for the production of short staple spinning mills

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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16.02.2012 - Rieter concentrates spinning machinery assembly in Winterthur – Sirnach site to be closed

Rieter Machine Works Ltd. intends to concentrate the assembly of all machines manufactured by the company in Switzerland at its Winterthur site. Within the next few months Rieter Machine Works Ltd. will therefore transfer to Winterthur the assembly of combers, which has been located to date at its satellite site in Sirnach (Canton Thurgau). This will enable the company to reduce logistics expenditure and enhance productivity.

Rieter Machine Works Ltd. is offering all 31 employees at the Sirnach site adequate further employment in Winterthur. Opportunities for deployment across the entire product spectrum assure personnel of continued varied and regular employment.

Following this move it is intended to dispose of the property in Sirnach in a suitable form.

About Rieter
Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology 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 final spinning processes currently established on the market. With 18 manufacturing locations in 9 countries, the company employs a global workforce of some 4 700, 28% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under the ticker symbol RIEN. (www.rieter.com)

For further information please contact:

Rieter Holding Ltd.
Investor Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 15
F +41 52 208 70 60
E-mail: investor@rieter.com
Rieter Management Ltd.
Media Relations
Barbara Rösch
Corporate Communications
T +41 52 208 70 32
F +41 52 208 70 60
E-mail: media@rieter.com