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#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.


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#ITM 2026

Picanol to present its leading weaving technology at ITM 2026

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#ITMA Asia + CITME Singapore 2025

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#ITMA Asia + CITME 2024

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

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#Weaving

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.

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#Spinning

Rieter prepares leadership transition in Components & Technology

Roger Albrecht, Head of the “Components & Technology” Division, has decided to pursue a new opportunity outside the Rieter Group. Roger has worked for the Group for 11 years and has been instrumental in maintaining Rieter’s position as a technology leader in the short-staple business.

#Spinning

Barmag presents metering pump solutions at ASE China

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#Spinning

Trützschler’s latest spinning and card clothing innovations at CAITME 2026

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#Raw Materials

Global cotton production projected to outpace consumption, but risks remain

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#Europe

European textile industry calls for €10 handling fee on ultra-fast-fashion imports

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#Research & Development

From smart jackets to laser technology: Mona Neubaur explores Textile Factory 7.0

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#CINTE Techtextil China 2026

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