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- Title
Rieter sells man-made fiber section.
- Abstract
The article reports on the sale of the Winterthur, Switzerland-based business in machinery and systems for manufacturing synthetic filament yarns of Rieter Machine Works Ltd. to Bavaria Industriekapital AG. The assets of this business unit of the company were also being sold to Bavaria Maschinenfabrik GmbH, which will retain the personnel of the unit. The sold business unit has 80 employees and has generated CHF50 million in 2005. Despite the sale Rieter Machine Works Ltd. will continue participating in the market growth in the processing of man-made fibers.
- Subjects
WINTERTHUR (Switzerland); SWITZERLAND; SALE of business enterprises; RIETER Machine Works Ltd.; BAVARIA Industriekapital AG; BAVARIA Maschinenfabrik GmbH; TEXTILE machinery industry; TEXTILE fiber industry; TEXTILE machinery; SYNTHETIC fibers industry
- Publication
Melliand International, 2007, Vol 13, Issue 1, p13
- ISSN
0947-9163
- Publication type
Article