Rieter met its expectations in the fields of sales and order intake in Turkey. According to firm’s report it is stated that the figures of sales and order intake in the second half of 2012 are satisfactory. Also information about investment and advance program in 2012-2013 is shared. It is stated that orders that are 404.1 million CHF in the second half of 2012 increased to 711.4 million CHF in the first quarter of 2013. Directors, who remarked the demands especially in Turkey, said that sale increase of %19 that is reached after the problems in 2012 is successful result.
According to report it is explained that developments in short fiber machine and components market in the second half of 2012 continue in the first period of 2013. Turkey has an important role with its supports in sale increase of this segment and also there is an increase in Asian countries. In report, it is emphasized that; “India and China are improving in the first half of 2013 compared to previous period. Expectations in next periods show that situation can be difficult. Apart from that; it is expected that important attempts will be in USA market.”
Source of orders of 711.4 million CHF that Rieter reached in the first half of 2013 was Turkey. Firm also achieved to reach order increases in China and India. According to explanation of Rieter; it is emphasized that total order intake reached 780 million CHF on 30 June, 2013. Investment expenditures of Rieter in this period reached 22.1 million CHF. Also Rieter is remarked as a firm that %4.6 of its sales is used for investment works. Investment points of firm were important regions including especially China and India.
A Record Increase In Spun Yarn System
Spun Yarn System which is one of the most important business units of Rieter had an order intake of 621.9 million CHF in the first half of 2013. While this figure shows an increase of 88% that is higher than the prior year period and recorded 70% more than in the second half of 2012. Spun Yarn Systems sales totaled 392.5 million CHF. Sales in production base in Czech Republic affected this figure. Strategic Project costs were largely charged to Spun Yarn Systems.
Premium Textile Components Business Group
Order intake of the Premium Textile Components Business Group in the first half of 2013 reached 89.5 million CHF. It is stated that this growth that is higher at the rate of % 21 than the same period of 2012 resulted from investments of spinning machine manufacturers. Sales including deliveries to Spun Yarn System in global area totaled 125.7 million CHF. Demand s of Turkey, China and India that are the most important markets of Rieter enabled the formation of this figure. A sale increase of % 15 is reached compared with the second half of the 2012. Sales were 74.2 million CHF but increased to 86.7 million CHF in this term.
2012/2013 Progress Program
After successful sales, Rieter continues its activities with new investments for the future. Firm that speed up its works in this field in the first half of 2013 aims to conclude capacity expansions in the two key markets of China and India by the end of 2013. Also it is stated that firm has some investments that it wants to present to manufacturers in the field of innovation. Rieter gets ready to offer creative solutions on many subjects including energy efficiency and improvement of yarn properties. It is stated that developments especially in the field of airjet spinning machine will be. Apart from that; firm will continue to take steps in order to increase profit margin in 2013. Rieter that will cut the costs by reviewing capacity and price discipline aims to regulate its activities in global area.
According to explanation made by firm; it is announced that especially demands of short fibre will increase by an average of 2.3 % annually until 2030. It is clarified that this demand will be as a result of impacts in the fields of greater automation, correct attempt and high-quality spinning machinery and components especially in Chinese and Indian markets. It is determined that annual growth target of Rieter will be 5%.Total investment of Rieter in 2012-2013 is stated as 140 million CHF.
