#Spinning

2021-12-02

Change in the Board of Directors of Rieter Holding AG

This E. Schneider has informed the Board of Directors that, after 13 years of membership, he will not stand for re-election as a member of the Board of Directors and Vice Chairman of Rieter Holding AG at the next Annual General Meeting on April 7, 2022.

This E. Schneider will not stand for re-election at the 2022 Annual General Meeting

Sarah Kreienbühl and Daniel Grieder proposed for election as new members of the Board of Directors

“On behalf of the Board of Directors of Rieter Holding AG, I would like to thank This E. Schneider for his outstanding achievements as a member of the Board of Directors since 2009. With his extensive knowledge and long-standing experience, he has made a major contribution to the further development of Rieter. The Board of Directors owes him an immense debt of gratitude for his tremendous commitment as well as exceptional and trustworthy cooperation. We wish him all the best for the future,” says Bernhard Jucker, Chairman of the Board of Directors of Rieter Holding AG.

The Board of Directors of Rieter Holding AG will propose Sarah Kreienbühl and Daniel Grieder for election to the Board of Directors at the Annual General Meeting on April 7, 2022.

Sarah Kreienbühl has been a member of the Executive Board of the Federation of Migros Cooperatives since 2018 and heads among other things Human Resources and Communications of the Migros Group. Before that, she spent 14 years at Sonova as Group VP Corporate Human Resources, where she was also responsible for Corporate Communications from 2012. Sarah Kreienbühl holds both the Swiss and French citizenship and graduated from the University of Zurich with a degree in psychology. With her expertise and extensive leadership experience, she will be able to make an important contribution to Rieter’s human resources policy as a member of the Board of Directors.

Daniel Grieder has been CEO of HUGO BOSS AG, based in Metzingen (Germany), since June 2021. He has been working successfully in the textile industry for more than 35 years: initially from 1985 to 2004 as an independent entrepreneur with his own sales agency, which worked for Tommy Hilfiger from 1997. He joined Tommy Hilfiger directly in 2004 and took on additional roles for PVH from 2010 to 2020. He most recently held the positions of Global CEO Tommy Hilfiger and CEO PVH Europe. Daniel Grieder is a Swiss citizen and studied at the Zurich School of Economics and Business Administration.

Bernhard Jucker, Chairman of the Board of Directors, highlights: “We are delighted that we have been able to attract Sarah Kreienbühl, a proven human resources expert, and Daniel Grieder, an extremely experienced textile manager with global expertise and know-how in the digitization of the textile value chain, to the Rieter Board of Directors.”

Forthcoming Dates

• Publication of sales 2021

January 26, 2022

• Deadline for proposals regarding the agenda of the Annual General Meeting

February 18, 2022

• Results press conference 2022

March 9, 2022

• Annual General Meeting 2022

April 7, 2022

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.

Barmag Fuzhou Customer Day concludes successfully, boosting high-quality chemical fiber growth in Fujian & Guangdong

Barmag hosted its Customer Day themed “A New Era. Powered by Innovation.” in Fuzhou on June 28, welcoming nearly one hundred invited customers from Fujian and Guangdong provinces. Georg Stausberg, CEO of Barmag Group, attended along-side the sales and R&D expert China team to jointly present integrated solutions covering the entire man-made fiber value chain.

STEELTOP®: A new benchmark in flat tops for spinning preparation

Modern carding generations achieve higher production performance, placing significantly greater stress on flat tops. Higher cylinder speeds and increased fiber density, combined with tighter carding gaps, create more demanding operating conditions. At the same time, poorer raw material quality and the increased use of recycled materials further intensify these challenges. With STEELTOP®, Trützschler introduces a new full steel flat top series developed for these demanding modern carding processes.

Ibrahim Fibres and Trützschler: A strong partnership enters its next phase with the TC 30Si

For more than two decades, Ibrahim Fibres and Trützschler have grown side by side, driven by a shared ambition to continuously improve spinning performance, strengthen technology leadership and set new benchmarks in the textile industry. Today, Ibrahim Fibres is a leading yarn and polyester staple fiber manufacturer in Pakistan. The company operates the largest number of Trützschler cards in the country, with more than 200 machines running across its mills in Faisalabad, and plays an important role in one of Asia’s largest textile industries.

C&S strengthens its governance to support its evolution

C&S announces the appointment of Marco Lucietti to its Board of Directors. With extensive international experience across the textile and denim industries, Lucietti will work alongside CEO Federico Corneli, contributing to the company’s managerial development, organizational structure and long-term strategic direction.