Rieter is the world’s leading supplier of systems for manufacturing yarn from staple fibers in spinning mills. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns in the most cost-efficient manner. Cutting-edge spinning technology from Rieter contributes to sustainability in the textile value chain by minimizing the use of resources. Rieter has been in business for more than 225 years, has 18 production locations in ten countries and employs a global workforce of around 5 630, about 16.4% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN.
Rieter Makes the Difference
Norbert Klapper, who has led Rieter as CEO for nine years, has informed the Board of Directors that he wishes to take on new professional challenges. The Board of Directors of Rieter Holding Ltd. has taken note of Norbert Klapper’s resignation, expressing its gratitude for his service to Rieter. The Board of Directors has appointed Thomas Oetterli as his successor as CEO of Rieter.
Sales of CHF 890.3 million in second half-year 2022 / EBIT margin of around 2% expected for full year 2022 / Order intake of CHF 1 157.3 million in 2022; order backlog of around CHF 1 540 million as of December 31, 2022 / Preparations for ITMA 2023 on schedule / Implementation of action plan to increase sales and profitability ongoing / Rieter site sales process on schedule
Rieter is donating CHF 100 000 to support relief efforts for victims in Pakistan following the devastating floods of the 2022 monsoon season. Aid will focus on rebuilding schools and helping local healthcare clinics to protect those who are most vulnerable.
Autoconer X6 – key machine for highest efficiency / Compacting solutions – full flexibility adds competitive edge / Spin it again – recycling expertise for rotor and ring yarns / ESSENTIALorder – purchasing parts with a few clicks / ROBOspin – the solution for personnel shortages / SSM NEO-FD – proven technology for efficient twisting production / Temco CoolFlow disc – innovation that delivers longer lifetime
Sales of CHF 366.8 million in the third quarter, CHF 987.4 million after nine months / Order intake of CHF 226.4 million in the third quarter, CHF 1 095.8 million after nine months / Order backlog of around CHF 2 000 million as of September 30, 2022 / Precautionary measures taken against potential energy crisis in Europe / Financing of a Professorship for Artificial Intelligence / Rieter site sales process on schedule / Outlook 2022
The Rieter Group is constantly expanding its technology leadership. Together with the Johann Jacob Rieter Foundation, the company is therefore supporting a new Endowed Professorship for Industrial Artificial Intelligence (AI) at the ZHAW School of Engineering. The Professorship is dedicated to teaching and research in the field of industrial applications of Artificial Intelligence and will be announced later this year.
News and Success Stories
Results Press Conference 2023
Date: Thursday, March 9, 2023
Time: 10:00 a.m. (CET)
Place: Rieter Holding Ltd., Klosterstrasse 32, 8406 Winterthur (Switzerland)
Room: Gartensaal (ground floor)
Rieter as a global company offers a broad variety of attractive positions around the world. The expected know-how and commitment as well as flexibility and loyalty is compensated by performance based remuneration, challenging assignments in an international, multicultural working environment with attractive in-house opportunities for future development.
For each open position, we look for employees with appropriate skills and experience as well as relevant potential. You can find out about the vacancies in our Internet, social media channel and job platform. Have you seen an offer that fits your skills and interests? Then take the decisive step: Send us your application.
Rieter's website is supposed to give customer access to the world of Rieter's systems, machines, components, parts and services in the most easy and convenient way.Norbert Klapper, Chief Executive Officer