Rieter

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

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

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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History & Milestones

2014
The Board of Directors of Rieter Holding Ltd., Winterthur, nominates Norbert Klapper as Chief Executive Officer (CEO) of the Rieter Group. After four years with a dual mandate, Erwin Stoller hands over to Norbert Klapper as CEO and concentrates on the Board chairmanship.

2013
Rieter completes the major 2012/2013 investment program. The three investment priorities were expansion in Asia, innovation and process improvements.

Through this investment program Rieter has laid the foundations for achieving further sustained, profitable growth.

2012
Early in 2012 Rieter announces the start of the 2012/2013 investment program.

Already in June 2012 Rieter officially opens the first part of the new Rieter production plant in Changzhou, Jiangsu province. The commissioning of this plant is a decisive step in corporate development for Rieter, who is now able to serve customers in the key market of China even better than before.

 

2011
The Annual General Meeting held on April 13 brought about a historic change of direction: shareholders approved a proposal by the Board of Directors to break up the Rieter Group and for its two divisions – Textile Systems and Automotive Systems – to continue in business as independent, separately listed companies. The automotive component supply business has been traded on the SIX Swiss Exchange under the name of  Autoneum since May 13.

2010
In June, Rieter sold its Italian Automotive subsidiary Idea Institute to the industrial investor Quantum Kapital AG, St. Gall, in order to concentrate even stronger on core activities.

2009
The shareholders of Rieter elected Michael Pieper, This. E. Schneider, Hans-Peter Schwald and Peter Spuhler as new members of the Board of Directors at the Annual General Meeting held on April 29,2009.

In August 2009, the Board of Directors of Rieter Holding Ltd. elected Erwin Stoller as Executive Chairman. With this new organization, Rieter's Board of Directors is assuming greater responsibility at the operating level and thus shortens the decision-making process. The CEO function was cancelled.

2008
Rieter sold the pelletizing business of its subsidiary in Grossostheim (D) called Rieter Automatik GmbH to the Swiss-based CGS Management. In the textile sector Rieter sets the future focus on its core business with staple fiber and nonwovens production machinery, technology components and service offerings.

2007
Start of the first phase increasing the manufacturing capacities of Rieter Textile Systems in India: expansion of manufacturing plant Wing near Pune (Maharashtra).

2006
Rieter sold its subsidiary in Valance, Rieter Textile Machinery France SAS, with the ply twisting, doubling and texturing machinery business units to the French company Co-Martin.
The business of machinery and systems for manufacturing manmade continous filament yarns owned by Rieter Machine Works Ltd. in Winterthur was sold to the German company Bavaria Maschinenfabrik GmbH.

Rieter is acquiring a 100% interest in the Indian automotive supplier Rieter Automotive India (formerly called Unikeller India).

Rieter is increasing its holding in the Spanish automotive component supplier Rieter Saifa to 100%.

2005
Rieter Holding Ltd. acquired the entire share capital of Hogra Holding AG, the parent company of the Graf Group, on October 3, 2005. This will further augment Rieter Textile Systems' leading role as one of the world's largest suppliers of technology components in the staple fiber machinery sector.

2004
Rieter Automotive France S.A. opens new research and administrative center in Aubergenville/France.

2003
Rieter in joint venture with Nittoku for the production of automotive components in China.

Rieter increases holding in Spanish automotive supplier Saifa-Keller S. A.

2002
Hartmut Reuter becomes Chief Executive Officer (CEO) of the Rieter Group with effect from
May 7.

Rieter now holds 100 percent of Idea Institute.

2001
Acquisition of three units of the Suessen Group, Germany (developer of spinning technology and manufacturer of key components for spinning machinery).

2000
Acquisition of two ICBT units in Valence, France (nonwoven machinery and yarn processing machinery).

Rieter takes majority interest in Idea Institute in Turin, Italy (automobile design and engineering).

1997
Joint-venture with Magee in Bloomsburg (Pennsylvania), USA (car carpets).

Acquisition of Ello in Sao Bernardo do Campo, Brazil (components for motor vehicles).

1996
Acquisition of Fimit S.p.A. in Turin, Italy (components for motor vehicles).

1995
Acquisition of Globe Industries, Inc., in Chicago, USA (components for motor vehicles).

Unikeller Division is renamed Rieter Automotive Systems.

1994
Acquisition of Elitex in Usti nad Orlici, Czech Republic (rotor spinning machines).

Acquisition of Firth Furnishings Ltd. in Heckmondwike, U.K. (car carpets).

1992
Acquisition of Automatik-Apparate-Maschinenbau GmbH in Grossostheim, Germany (synthetic fiber and pelletizing machinery).

1987
Acquisition of Schubert & Salzer GmbH in Ingolstadt, Germany (rotor spinning machines).

1985
Foundation of Rieter Holding Ltd., quotation on the Zurich stock exchange.

1984
Acquisition of Unikeller AG, Switzerland (noise control and thermal insulation systems for the automotive industry).

1982
Acquisition of Ernest Scragg & Sons Ltd. in Langley, UK (texturing machinery).

1962
Foundation of plant in Coimbatore, India.

1951
American subsidiary founded in Arlington.

1931
Rieter man-made fiber machines.

1915
Rieter focuses on spinning machinery.

1899
Benno Rieter (1870–1925) becomes general manager as the last representative of the family in management.

1891
Rieter becomes a public limited company.

1870
Rieter Töss: 1000 employees.

1854
Machine works established on the convent site.

1852
Rieter is the first Swiss industrial company to build a workers' housing estate.

1851
Heinrich Rieter (1814–1889), grandson of Johann Jacob and later colonel and senator, takes over the business.

1844
First Rieter card.

1835–1925
Diversification phase; in addition to spinning machinery, production of transmissions, turbines, machine tools, generators, motors, railways, trams, rifles, bridges, looms, embroidery machines, doubling and winding machines, etc.

1833
Purchase of the Dominican convent (founded 1240 a.c.) in Töss, a village near Winterthur.

early 1800s
Transition from trading to manufacturing, investments in and foundation of spinning mills.

1809
Heinrich Rieter (1788–1851), son of the founder, joins the company.

1795
Johann Jacob Rieter (1762–1826) opens his first trading establishment for foreign spices and cotton in Winterthur, thus laying the foundation for the future company.