[pageLogInLogOut]
USTER Think Quality

#Spinning

Picanol Group acquires minority stake in Rieter Holding AG

© 2021 Picanol
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.


More News from Picanol

#ITMA Asia + CITME 2026

Picanol to unveil new AirOne airjet weaving machine at ITMA Asia 2026

From November 20 to 24, 2026, Picanol will present the world premiere of its new AirOne generation of airjet weaving machines at ITMA Asia + CITME in Shanghai. Developed in response to the latest requirements in basic woven fabric production, AirOne marks an important expansion of Picanol’s airjet weaving portfolio. Featuring a newly developed crank shedding motion, the machine combines high performance and low energy consumption with advanced digitalisation and ease of operation.

#ITM 2026

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.

#ITMA Asia + CITME Singapore 2025

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.

#ITMA Asia + CITME 2024

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.

More News on Spinning

#Spinning

Barmag’s single-stage Bi-Shrinkage concept impresses with yarn quality and efficiency

The Indian company Garden Silk Mills Pvt. Ltd. adopts Barmag's new single-stage Bi-Shrinkage Yarn (BSY) spinning concept based on WINGS FDY PLUS eco. The systems, which have been in operation for about a year, deliver excellent yarn quality with very good productivity.

#India ITME 2026

Trützschler brings intelligent fiber processing and automation to India ITME 2026

From December 4 to 9, 2026, the Trützschler Group will present its latest innovations in spinning, card clothing and nonwovens at India ITME in Greater Noida, India. At Hall 11, Booth B15, visitors can discover solutions designed to increase productivity, reduce operating costs and ensure consistently high product quality. Key highlights include the intelligent card TC 26i, the 12-head comber TCO 21XL, innovative card clothing solutions for improved fiber utilization and quality, as well as advanced nonwovens technologies for hygiene, wipes and technical applications.

#Spinning

Trützschler expands technical service capabilities for spinning mills in Pakistan

Faster support, shorter downtime and advanced repair capabilities: customers across Pakistan can now benefit from the Trützschler Service Station at its new location in Lahore. By combining Trützschler service expertise with state-of-the-art diagnostic equipment, the new facility helps spinning mills resolve technical issues more quickly and maintain reliable production.

Latest News

#Sustainability

Inside the Making at Ecomondo 2026: Textile supply chain calls for transparency and measurable sustainability

Transparency, verifiable environmental claims and closer cooperation across the textile value chain were the central themes of the “Inside the Making: The Power of the Process” panel at Ecomondo 2026 in Rimini. Representatives from denim and sportswear manufacturing, textile finishing, digital printing and branding discussed how technological innovation and supply chain collaboration can help companies meet new European regulatory requirements while making sustainability economically viable.

#Weaving

unspun and Arvind partner to bring 3D weaving into industrial-scale apparel production

US fashion technology company unspun and Indian textile manufacturer Arvind Limited have announced a strategic partnership to introduce OneWeave™ 3D weaving technology into industrial-scale apparel manufacturing. Two machines are expected to become operational at Arvind’s Ahmedabad facility by December 2026, with plans for a potential expansion involving more than 30 additional machines across India and North America in 2027 and 2028.

#Dyeing, Drying, Finishing

Nine Orthopac RXVMC-20 systems: Y.R.C. Textile relies on Mahlo for uncompromising fabric quality

In 2026, Y.R.C. Textile invested in nine Mahlo Orthopac RXVMC-20 straightening systems, a clear vote of confidence in technology engineered for textiles with high distortion dynamics and the tightest quality demands.

#Natural Fibers

Better Cotton Initiative partners with FarmRaise to simplify data management for US cotton growers

The Better Cotton Initiative (BCI) has announced a partnership with agricultural technology company FarmRaise to simplify data collection, reporting and program participation for cotton growers in the United States. The digital platform will help farmers manage certification requirements, document agricultural practices and track progress towards regenerative agriculture goals while reducing administrative work. The solution is scheduled to become available in January 2027.

TOP