#Spinning

2021-03-18

Picanol Group acquires minority stake in Rieter Holding AG

Picanol Group has today acquired a minority stake in Rieter Holding AG (SWX: RIEN), amounting to a total of 467,236 shares for a price of 45.4 million EUR (or a price per share of 107.5 CHF). Rieter is the world’s leading supplier of systems for short-staple fiber spinning.

The company develops and manufactures machinery, systems and components used to convert natural and man-made fibers into yarns. As a result of the transaction, Picanol Group is now holding 10% of the share capital of Rieter Holding AG.

With the financial participation in Rieter Holding AG, Picanol Group wants to further diversify its activities in the textile industry and secure a stable shareholding for Rieter Holding A Gin the long term.

Picanol to present its leading weaving technology at ITM 2026

Picanol is pleased to announce it will be participating in ITM 2026 in Istanbul. This is a key event for industry professionals to engage with the Turkish textile industry as well as the extensive international audience attending the fair. During the event, Picanol will present its latest innovations to the visitors in Hall 8, booth 802.

Picanol to exhibit latest weaving technology at ITMA ASIA + CITME, Singapore 2025

At ITMA ASIA + CITME 2025, Picanol (Hall 2 – Booth C204) will unveil the next-generation OmniPlus-i Connect airjet weaving machine, setting a new benchmark in airjet weaving technology. This latest evolution of Picanol’s trusted platform demonstrates how the company continues to deliver innovative, performance-driven solutions that meet the evolving challenges of modern weaving mills.

Picanol’s will unveil the Supermax, its new rapier weaving machine, at ITMA Asia + CITME 2024

ITMA ASIA + CITME 2024 represents an excellent opportunity for Picanol to once again demonstrate its technological leadership in both airjet and rapier weaving machines. Visitors to the event will experience Picanol’s world premiere of its brand-new Supermax rapier weaving machine. In total, Picanol will have four different high-tech weaving machines as well as its PicConnect digital platform on display.

Picanol opens its new training and service center in Tashkent (Uzbekistan)

Last week, Picanol inaugurated a new training and service center in Tashkent (Uzbekistan), in collaboration with its Uzbek agent, Baror Group. This state-of-the-art facility is strategically located to serve Picanol’s Central Asian customers more effectively. The opening ceremony was organized during CAITME 2024, which is the largest textile machinery exhibition in Central Asia, and it provided the ideal platform to showcase the new center to many industry professionals and customers from Uzbekistan, India, Pakistan, and Tajikistan, among other countries.

Nico Pedretti appointed as Managing Director Graf Group

As of June 1, 2026, Nico Pedretti has assumed the role of Managing Director Graf Group. With more than 20 years of international industrial experience and extensive expertise in Operations, Supply Chain Management, Finance and Controlling, he brings a broad range of leadership and business experience to support Graf’s continued success.

Trützschler’s Integrated Draw Frame IDF 3: Unlocking the full potential of short fiber processing

Spinning mills worldwide are looking for solutions that combine higher productivity, stable quality and shorter processes, especially when processing short fibers. Trützschler’s integrated draw frame IDF 3 has proven to be a powerful answer to these requirements. Evaluations from several customer trials in Türkiye under real production conditions highlight the strong performance of the IDF 3, particularly when combined with the next-generation card TC 30i.

Uster FiberQ excels for recycled raw materials too

Uster FiberQ is a complete solution for raw material utilization, supporting spinners to achieve consistent quality and profitability every day, building further growth for the future. The Turkish company ORTA relies on FiberQ with recycled yarn for its denim production. Data-driven knowledge puts the producer in control of raw material utilization – ready to make the correct decisions for process efficiency, quality and productivity.

The future of textiles, the power of trade, and the summit of technology come together at ITM 2026

ITM 2026 International Textile Machinery Exhibition, one of the most prestigious organizations in the textile technologies sector, opens its doors to visitors between June 9-13. Expected to break records in terms of both exhibitor and visitor numbers, as well as the technological vision it presents, ITM 2026 will transform into a global trade hub with machine sales, and new business collaborations.

ATCO Hygienics, Uzbekistan, orders baby diaper production line from ANDRITZ

International technology group ANDRITZ has received an order from ATCO Hygienics to supply a new baby diaper production line for its plant in Tashkent, Uzbekistan. The order is included in ANDRITZ’s order intake for the first quarter of 2026. Commissioning of the production line is scheduled for the end of 2026.