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- Title
Successful Rieter Automotive Systems.
- Abstract
This article reports on the positive financial performance of Rieter Automotive Systems in Switzerland during 2002 despite fluctuating trends in the global automotive markets. Sales expressed in Swiss francs were slightly lower due to the negative impact of exchange rate fluctuations. Further applications were developed for the Rieter Ultra Light acoustic system, which enables weight to be reduced considerably in conjunction with high acoustic performance. In order to follow the geographical expansion of automobile manufacturing, cut costs and make its manufacturing operations more flexible, Automotive Systems is expanding in low-wage countries such as the Czech Republic and Poland. The Magee Rieter joint venture opened a plant in Canada for the production of carpet systems in 2002. Rieter expects that in 2003 automobile production in its main markets will be lower than in the previous year due to the rather subdued economic trend.
- Subjects
SWITZERLAND; FINANCIAL performance; RIETER Holding AG; MANUFACTURED products; AUTOMOBILE industry; JOINT ventures
- Publication
Technical Textiles / Technische Textilen, 2003, Vol 46, Issue 2, pE71
- ISSN
0323-3243
- Publication type
Article