Spinning technology leader Rieter, headquartered in Winterthur, Switzerland, achieved a record order intake and significantly increased its sales in 2021, despite bottlenecks in its supply chains.

The company’s exceptionally high order intake of CHF 2,225.7 million compared to CHF 640.2 million in 2020, reflecting a catch-up effect on the markets and also a regional shift in the demand for new machines and systems.

Rieter believes that a major reason for this shift is the development of costs in China, which is leading to both increased investment outside China – orders came primarily from Turkey, India, Latin America, Uzbekistan, China and Pakistan – but also to investment in the competitiveness of Chinese spinning mills.

At the end of 2021, Rieter had an order backlog of around CHF 1,840 million and closed the year with sales of CHF 969.2 million – an increase of 69% compared to CHF 573.0 million in 2020.

Effective from December 1, 2021, Rieter is also consolidating two components businesses acquired from Saurer – Accotex, which makes elastomer components for spinning machines, and Temco which produces bearing solutions for filament machines.

Rieter is also acquiring Saurer’s automatic winder business, a deal expected to be finalised before the middle of 2022.

www.rieter.com