#Spinning

2023-04-26

Shareholders adopt all motions at the Rieter Annual General Meeting 2023

On April 20, 2023, 325 shareholders, who represent 66.2% of the share capital, attended the 132nd Annual General Meeting of Rieter Holding Ltd.

Shareholders adopt all motions proposed by the Board of Directors

Distribution of a dividend of CHF 1.50 per share approved

Remuneration Report 2022 and future remuneration of Board of Directors and Group Executive Committee formally accepted

All members of the Board of Directors who stood for re-election were elected

Thomas Oetterli newly appointed to the Board of Directors

KPMG newly elected as statutory auditors

Amendments to the Articles of Association approved

Dividend

The shareholders approved the proposal of the Board of Directors to distribute a dividend of CHF 1.50 per share. The dividend for the 2022 financial year will be paid on April 24, 2023.

Annual Report, Financial Statements, Consolidated Financial Statements and Remuneration Report

The shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, financial and consolidated financial statements for 2022. Moreover, they formally approved the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

By way of a consultative vote, the shareholders also approved the Remuneration Report 2022.

Remuneration of the Members of the Board of Directors and the Group Executive Committee

In two separate binding votes, the proposed maximum total remuneration of the members of the Board of Directors and the Group Executive Committee for the 2024 financial year was approved.

Re-Election of the Members of the Board of Directors

The Chairman of the Board, Bernhard Jucker, and the Directors, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi, Sarah Kreienbühl and Daniel Grieder were confirmed for a further one-year term of office. In addition, Thomas Oetterli was newly elected to the Board of Directors for a term of office.

The members of the Remuneration Committee who were standing for election – Hans-Peter Schwald, Bernhard Jucker and Sarah Kreienbühl – were likewise re-elected for a one-year term of office.

Election of KPMG as Statutory Auditors

The shareholders also adopted the proposal of the Board of Directors to elect KPMG AG, Zurich, as new statutory auditors for the financial year beginning January 1, 2023.

Amendments to the Articles of Association

The shareholders further approved the proposals of the Board of Directors to amend the Articles of Association of Rieter Holding Ltd., in order to implement the requirements of the reform of the Swiss company law, which came into force on January 1, 2023.

Rieter adjusts group structure in preparation for Barmag integration

The planned acquisition of the “Barmag” Division of OC Oerlikon will create the leading system provider worldwide for natural and man-made fibers. Rieter is confident it will receive all regulatory approvals to complete the acquisition in the fourth quarter of 2025. The Rieter Group is therefore adjusting its Group structure as of January 1, 2026, to take this acquisition into account and to be able to provide an even more agile response to market challenges.

Rieter reports stable order backlog and strategic progress – outlook for 2025 adjusted

In its Investor Update 2025, Rieter announced an order intake of CHF 203.9 million in the third quarter and CHF 559.3 million after nine months, reflecting a continued cautious investment climate in the textile machinery sector. Sales totaled CHF 121.5 million in the third quarter and CHF 457.7 million for the first nine months of the year, while the order backlog stood at around CHF 590 million as of September 30, 2025.

Barmag's new texturing machine impresses the market

Since its premiere at ITMA Asia + CITME 2025, the eFK EvoSmart texturing machine has achieved impressive market success. The innovative technology is winning over yarn manufacturers worldwide who are committed to energy-efficient and economical production processes. A total of 84 machines has already been sold – including in China, Turkey, and Indonesia – a clear sign of the industry's confidence in this forward-looking solution.

Saurer Technologies Twisting Solutions at ICFE 2026

Saurer Technologies Twisting Solutions, a global leader in textile machinery innovation, will be present at the International Carpet and Flooring Expo ICFE 2026. Join us January 6–9 at the Istanbul Expo Center, Türkiye, as industry leaders, manufacturers, and innovators gather to explore the latest breakthroughs in carpet and flooring technology. Let’s meet at the new established global Center of the Carpet Sector in hall 3, booth 300!

Details matter: How Trützschler cylinder wires boost efficiency in Pakistan’s spinning sector

Pakistan’s textile industry, especially its spinning sector, is the backbone of the national economy and a vibrant hub of innovation. Today’s spinning mills face growing demands for efficiency, quality, and sustainability. From the serene northern valleys to the vibrant port city of Karachi in the south, mills like Suraj Cotton Mills, Liberty, and Nishat Chunian are turning to advanced solutions.

Innovation center for textile circular economy inaugurated

Just over eight months after the foundation stone was laid, the new Innovation Center for Textile Circular Economy was officially inaugurated today at TITK Rudolstadt. Thuringia's Minister President Mario Voigt, TITK Director Benjamin Redlingshöfer, and other guests of honor cut the ribbon to the modern building complex and viewed the premises, which are now ready for occupancy. The “DICE – Demonstration and Innovation Center for Textile Circular Economy” is TITK's largest single investment to date. The Free State of Thuringia supported the total cost of €11.5 million with €8 million in GRW and FTI funding.

Sustainable design of Geosynthetics and roof underlayments made from recyclates

Is it possible to recover plastic recyclates from previously unused waste streams in order to produce high-quality fibers and films? How can bio-based polymer fibers be manufactured so as to allow adjustable biodegradability? These are the questions being addressed by researchers from the Fraunhofer Cluster of Excellence Circular Plastics Economy CCPE in the Zirk-Tex project.

Waste2Fashion: FTTH Committed to advancing Circular Fashion in the Mediterranean

As an official partner of the Waste2Fashion project, the Tunisian Federation of Textile and Apparel (FTTH) participated in the Kick-off Meeting held on 10–11 December in Spain. The event brought together project partners from across the Mediterranean, including Spain, Italy, Egypt, Lebanon, and Tunisia, to align on a shared vision and initiate the first implementation steps.

AATCC announces 2025 Herman & Myrtle Goldstein Graduate Student Paper Competition winners

The American Association of Textile Chemists and Colorists (AATCC) recognized the winners of the 2025 Herman & Myrtle Goldstein Graduate Student Paper Competition. Founded in 1982 to give student members the chance to conduct and present original research, the competition was renamed in 1994 in honor of Herman and Myrtle Goldstein, following their US$60,000 endowment. Their gift is a lasting remembrance of their dedication to young people in the textile industry.