Rieter reported that its sales of textile machinery increased by 18% in 2007 from the previous year to a record level of CHF 1,566.8 million. Turkey, India and China headed the sales ranking. Asia including Turkey accounted for 71% of sales, as compared with 67% in 2006.
According to Rieter, the sales revenues lost by divestiture of the manmade fiber machinery business at the end of 2006 were more than offset.
The order intake for textile machinery was also at an all-time high of CHF 1,703.1 million, up 6%. Although …
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