Rieter can therefore continue to participate in market growth in the processing of manmade fibers. Staple fiber machines, for which Rieter is the leading systems supplier, are increasingly being used to produce yarns made from blends with manmade fibers in addition to pure cotton fibers.
Bavaria Industriekapital AG is an industrial holding company with more than 3 000 employees and sales of more than EUR 500 million.
BAVARIA systematically develops the companies it acquires in order to exploit their potential to the full and thus increase the corporate value of BAVARIA as a whole.
The Rieter Group operates internationally, developing and producing sophisticated systems solutions for the textile and automotive industries.
In the 2005 fiscal year Rieter generated sales of CHF 3 122 million with some 14 600 employees worldwide. The Textile Systems Division accounted for CHF 1 085 million and the Automotive Systems Division for CHF 2 031 million of this total.
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