Company type | Public company AG |
---|---|
ISIN | CH0003671440 |
Industry | Textiles Machinery |
Founded | 1795Winterthur, Old Swiss Confederacy | in
Founder | Johann Jacob Rieter |
Headquarters | Winterthur , Switzerland |
Key people | Thomas Oetterli (Chairman and CEO) |
Products | Textile Machinery |
Revenue | CHF 1,418.6 million [1] (2023) |
Number of employees | 5,100 [1] (2023) |
Website | www |
Rieter is a producer of textile machinery based in Winterthur, Switzerland. [2]
Founded in 1795 by Johann Jacob Rieter (1762–1826), the company initially produced textile products. In 1806, as Napoleon imposed the Continental Blockade to prevent trade between Continental Europe and the United Kingdom, it became impossible for Rieter to get spare parts for its British textile machinery. As a consequence, the company started to produce spare parts themselves, and in 1810 the first self-designed textile machine left its workshop.[ citation needed ]
In 1982, Rieter acquired the British textile machinery company Ernest Scragg & Sons Ltd. [3] The group took over Automatik (founded in 1947) in 1992. [4]
In 2011, the automotive products division, formerly Rieter Automotive, separated from Rieter and became a new corporation; Autoneum. The two Board Members of Rieter, Peter Spuhler and Michael Pieper, agreed to keep their shares in Autoneum for a certain agreed time period and to grant the new company a subordinated loan of 12.5 million CHF each. [5]
On 30 June 2017, Rieter acquired SSM Textile Machinery Division (SSM) from Schweiter Technologies AG, Horgen (Switzerland) which now functions under the Rieter Component division. [6] SSM deals in yarn winding equipment. SSM was formed by the merger of Schärer, Schweiter and Mettler companies in 1989. SSM took over Giudici S.p.A., Galbiate, Italy in February 2012 which is involved in false-twist texturing field machinery (fine count Nylon yarns). SSM also has a subsidiary in Zhongshan, China under the name of SSM (Zhongshan) Ltd, which helps in sales/support/service operations and also handles, manufacturing & assembling of machines for asian markets [7]
In 2021, Rieter acquired three businesses from Saurer. On August 13, 2021, Rieter Holding Ltd., Winterthur (Switzerland), and Saurer Intelligent Technology Co. Ltd., Shanghai (China) listed and signed an agreement by which Rieter would acquire three businesses from Saurer Netherlands Machinery Company B.V., Amsterdam (Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg (Germany) and Saurer Technologies GmbH & Co. KG, Krefeld (Germany). With this acquisition, Rieter completed the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business. Additionally, Rieter invested in two component businesses: Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines). [8]
Sulzer Ltd. is a Swiss industrial engineering and manufacturing firm, founded by Salomon Sulzer-Bernet in 1775 and established as Sulzer Brothers Ltd. in 1834 in Winterthur, Switzerland. Today it is a publicly traded company with some 180 manufacturing facilities and service centers around the world. The company's shares are listed on the Swiss Stock Exchange.
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Uster Technologies, in its industry often called USTER, is a Swiss manufacturer of analytical instruments and on-line monitoring systems for the textile industry, based in Uster, Switzerland. It emerged as a management buy-out form of the textile division Zellweger Uster of the Zellweger Luwa Group in 2003. From 2007 until 2012 the company was publicly traded and listed on the main segment of SIX Swiss Exchange. Since 2012 Uster Technologies is a subsidiary of Toyota Industries.
Friction spinning or DREF spinning is a textile technology that is suitable for spinning coarse counts of yarns and technical core-wrapped yarns. DREF yarns are bulky with low tensile strength, making them suitable for blankets and mop yarns. They can be spun from asbestos, carbon fibres and are capable of being made into filters for water systems. Yarns such as Rayon and Kevlar can be spun using this method. The technology was developed around 1975 by Dr. Ernst Fehrer.
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Jakob Heusser-Staub was a Swiss industrialist and philanthropist. Born and raised in the village of Irgenhausen, Heusser-Staub made Uster his home. With the support of his wife, Berta, he founded the Heusser-Staub foundation.
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The schiffli embroidery machine is a multi-needle, industrial embroidery machine. It was invented by Isaak Gröbli in 1863. It was used to create various types of machine embroidery and certain types of lace. It was especially used in the textile industry of eastern Switzerland and Saxony Germany, but also in the United Kingdom and the United States. Schiffli machines evolved from, and eventually replaced manually operated "hand embroidery" machines. The hand embroidery machine used double ended needles and passed the needles completely through the fabric. Each needle had a single, continuous thread. Whereas the schiffli machine used a lock stitch, the same technique used by the sewing machine. By the early twentieth century schiffli machines had standardized to ten and fifteen meters in width and used more than 600 needles.