David Stefek

Rieter

Rieter is the world's leading supplier of systems for manufacturing yarn from staple fibers in spinning mills. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns in the most cost-efficient manner. Cutting-edge spinning technology from Rieter contributes to sustainability in the textile value chain by minimizing the use of resources. Rieter has been in business for more than 225 years, has 18 production locations in ten countries and employs a global workforce of around 5 630, about 16.4% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN. The company comprises three business groups: The Business Group Machines & Systems develops, produces and distributes new equipment as spinning systems or as single machines. The Business Group Components develops, produces and distributes technology components, precision winding machines as well as solutions for the production of filament yarns and nonwoven fabrics. The Business Group After Sales develops, produces and distributes spare parts for Rieter machines as well as building conversions and modernizations.