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 reflects a catch-up effect on the markets and a regional shift in the demand for new machines and systems.
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. Rieter believes that a significant 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 invest in the competitiveness of Chinese spinning mills.
Rieter is the world’s leading supplier of systems for short-staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems, and components to convert natural and man-made fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes and all four end spinning processes currently established on the market.
Furthermore, Rieter is a leader in the field of precision winding machines. With 17 manufacturing locations in ten countries, the company employs a global workforce of some 4 900, about 18% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under the ticker symbol RIEN.
Sales by Region
Sales increased in all regions, except for Africa. The highest growth of CHF 126.0 million compared to CHF 50.8 million in the previous year was achieved in India, followed by North and South America with CHF 149.9 million in 2021 compared to CHF 66.4 million in the previous period, and the Asian countries excluding China, India, and Turkey with CHF 318.7 million (2020: CHF 184.8 million). In Turkey, Rieter increased sales to CHF 182.3 million (2020: CHF 122.0 million), in China to CHF 135.3 million (2020: CHF 92.8 million), and in Europe to 43.3 million (2020: CHF 38.4 million). In Africa, sales were below the prior-year level at CHF 13.
7 million (2020: CHF 17.8 million).
