#Spinning

2025-09-18

Rieter shareholders approve capital increase to finance Barmag acquisition

Rieter Holding Ltd. has published the final details for today’s Extraordinary General Meeting (EGM) and subsequently received shareholder approval for all proposals put forward by the Board of Directors.

The capital measures consist of two tranches: a rights issue of around CHF 400 million (Tranche A) and a private placement of approximately CHF 77.4 million (Tranche B). Together with additional bank financing, the funds will be used to finance the planned acquisition of OC Oerlikon’s Barmag division. The acquisition is expected to be completed by the end of 2025, subject to regulatory approval.

Both of Rieter’s largest shareholders, Peter Spuhler (PCS Holding AG, approx. 33%) and Martin Haefner (BigPoint Holding AG, approx. 10%), confirmed their commitment to participate in the rights issue on a pro rata basis and to contribute further capital via the private placement.

At the EGM, 176 shareholders or their representatives as well as the independent proxy were present, representing 62.1% of the share capital. They approved the ordinary capital reduction through nominal value reduction, the two-step capital increase, and the reintroduction of the capital band, thereby amending the Company’s Articles of Association.

Trading of subscription rights on SIX Swiss Exchange is scheduled from September 23 to 29, 2025, with subscription possible until October 1. The listing and first trading day of the new shares are planned for October 2, 2025.

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.

Rieter will highlight the fully automated spinning mill at ITMA Asia 2025

Precision, speed and cost efficiency are all indispensable, especially in challenging times. Rieter has put together a powerful portfolio for ITMA ASIA + CITME 2025 that gives spinning mills the chance to actively shape the future through intelligent automation. By applying smart machine networking, process optimization and increased production efficiency, the portfolio facilitates the comprehensive transformation of spinning mills while reinforcing their competitiveness. This, in turn, enables customers to further consolidate their leading market positions. At the same time, the portfolio is a key milestone on the way to achieving Rieter’s vision 2027 – the fully automated spinning mill.

Groz-Beckert showcases textile innovation at ShanghaiTex 2025

From December 16 to 19, 2025, the global textile industry will gather at ShanghaiTex at the Shanghai New International Expo Center (SNIEC), where Groz-Beckert will present its latest highlights and innovations across its five product areas – Knitting, Weaving, Nonwovens, Sewing, and Spinning – at Hall N3, Booth A05.

Vandewiele Group: Innovation across the textile value chain at ICFE Istanbul 2026

At the 2026 Istanbul Carpet & Flooring Expo (ICFE), Vandewiele Group presents its latest advancements spanning the entire textile value chain. From spinning and weaving to tufting, carpet manufacturing and digital finishing, the Group demonstrates how integrated innovation can boost performance, efficiency and sustainability across all stages of production. As a global technology leader, Vandewiele continues to develop solutions that strengthen processes, enhance product quality and enable smarter, greener manufacturing.

FET prepares for final exhibition of 2025

Fibre Extrusion Technology Ltd (FET) of Leeds, UK has completed its second major exhibition of 2025 at ITMA ASIA in Singapore, which is aimed at the textile and garment industry in South and Southeast Asia and the Middle East. Once again, this trade show proved to be a successful one for FET, with considerable interest from several countries surrounding China.

Teijin Carbon Europe receives EcoVadis Silver status – ranked among the top 15% of evaluated companies

Teijin Carbon Europe (TCE) has been recognized for its sustainability performance and has been awarded the EcoVadis Silver Medal in the latest assessment. In its first-ever EcoVadis evaluation, the company achieved a notable 72 out of 100 points, ranking among the top 15% of all companies evaluated worldwide, within the “Manufacture of Man-Made Fibres” category.

Young researchers recognised for cutting-edge work in recycling, fibre technology and textile mechanics

At the Aachen-Dresden-Denkendorf International Textile Conference held in Aachen at the end of November, Peter D. Dornier, Chairman of the Walter Reiners Foundation of the VDMA, honoured five successful young engineers. Promotion and sustainability prizes were awarded in the categories bachelor/project theses and diploma/master theses. Academic theses that develop solutions for resource-saving products and technologies, for example, are eligible for the sustainability awards.