Swiss textile machinery major Rieter has made a complete exit from city-based Lakshmi Machine Works (LMW). Rieter has sold its residual 3.48% stake in LMW on Tuesday. COIMBATORE: Swiss textile ...

Some 300 jobs will be cut across the group as a whole, according to a press release issued on Thursday. However, Rieter does not rule out increasing this number to 400-600 depending on “market and ...

MADRID--(BUSINESS WIRE)--Recover™, Rieter and Polopiqué, three key players in different stages of the textile supply chain, announce their partnership. This collaboration allows the industry to ...

Horgen, July 3, 2017 - Schweiter Technologies AG has come to an agreement with the Swiss Rieter Group on the sale of all shares in the SSM Textile Machinery division and has executed the transaction ...

Coimbatore-based textile machinery maker Lakshmi Machine Works (LMW) has decided to buy out its JV partner in Rieter-LMW Machinery (a 50:50 JV between LMW and Rieter of Switzerland). This follows ...

The textile machinery specialist Rieter is acquiring Oerlikon’s polymer machinery business, aligning with the growing global demand for synthetic fibers. The acquisition of Barmag doubles the revenue ...

Recover yarns. Image credit: Ana Palacios. The collaboration between Recover, Rieter and Polopiqué will allow the industry to produce yarns with a higher percentage of mechanically recycled fibres.