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- Title
Rieter: Trend of machinery and automotive business.
- Abstract
The article reports on the impact of the financial crisis to textile machinery and automotive supplier Rieter Holding Ltd. in Winterthur, Switzerland. As a result to the tough economic condition, Rieter's sales decreased to CHF3143 million or -20% for the first time since its inception. It states that the low volume of orders and delays in the acceptance of equipment by customers had a significant effect to the company's financial performance.
- Subjects
WINTERTHUR (Switzerland); SWITZERLAND; FINANCIAL crises; RIETER Holding AG; SALES; FINANCIAL performance; TEXTILE machinery industry
- Publication
Melliand International, 2009, Vol 15, Issue 1/2, p12
- ISSN
0947-9163
- Publication type
Article