#Spinning

2024-09-12

Rieter: Change in the Group Executive Committee

The Board of Directors of Rieter Holding Ltd. has appointed Alexander A. Özbahadir to the Group Executive Committee of the Rieter Group with effect from January 1, 2025. He will be responsible for the Business Group After Sales. Rico Randegger, Head of the Business Group After Sales and member of the Group Executive Committee, will step down from his position on December 31, 2024.

The Board of Directors of Rieter Holding Ltd. would like to take this opportunity to thank Rico Randegger for his many years of successful service and his significant contribution to the further development of the Business Group After Sales. The Board wishes him every success and all the best for the future, both professionally and personally.

Alexander A. Özbahadir started his career with the Jungheinrich Group in Shanghai (China) and Hamburg (Germany). In 2017, he was Head of Global Sales and Marketing at Schindler Management Ltd., Ebikon (Switzerland). In 2020, he joined Schindler Group China, Shanghai (China), as Senior Vice President New Installations (NI) and Head of “China Growth”.

In the period from 2021 to 2024, he was Chief Executive Officer of C. Haushahn GmbH & Co. KG, Stuttgart (Germany), and, among other positions, he was Head of Acquisitions at Schindler Deutschland AG & Co. KG, Berlin (Germany). Most recently, as Senior Vice President, he was responsible for Global Account Management Europe at the Schindler Group in Ebikon (Switzerland).

Alexander A. Özbahadir was born in 1978 and is a German citizen.

Rieter Annual General Meeting 2026: Shareholders approve all board proposals

At the Annual General Meeting of Rieter Holding Ltd. held on April 16, 2026, 342 shareholders representing 64.0% of the share capital approved all motions proposed by the Board of Directors. The shareholders adopted the Annual Report as well as the Financial Statements and Consolidated Financial Statements for 2025. They also granted discharge to the members of the Board of Directors and the Group Executive Committee for their activities in the reporting year. In an advisory vote, the 2025 Report on Non-Financial Matters was also approved.

Rieter advances strategic repositioning amid market volatility

Rieter successfully completed the acquisition of Barmag on February 2, 2026, and reached an important milestone in the company’s repositioning. Barmag will be integrated into the Rieter Group as the “Man-Made Fiber” Division. With this strategically transformative acquisition, Rieter is expanding its core business beyond the short-staple fiber business in a targeted way. This positions Rieter as the global market leader along the entire value chain for natural and man-made fibers. In addition, as a complete systems supplier, Rieter is further strengthening its technological leadership in the areas of automation and digitization.

Rieter responds to higher raw material prices

Global political and economic developments have been leading to rising raw material and energy costs for some time. The textile machinery industry is also affected by this trend. Rieter machines and components consist to a large extent of steel, copper, aluminum and electronics. These materials in particular have seen higher demand and higher prices in recent months.

Experience Trützschler’s leading fiber processing technologies at ITM 2026

From June 9 to 13, the Trützschler Group will present its latest machinery, service expertise and digital solutions at ITM 2026 in Istanbul, Türkiye. Visitors are invited to explore innovations across Spinning, Card Clothing, and Nonwovens at Hall 7, Booth 714A at the Tüyap Fair Convention and Congress Center. They can experience modern fiber processing with Trützschler!

Saurer at ITM 2026: Answering markets needs for flexibility

The textile industry is facing unprecedented challenges: geopolitical tensions, natural disasters and pandemics and are changing market conditions overnight. Today, flexibility is no longer an option, but a survival strategy. At the ITM 2026 in Istanbul, Saurer will be demonstrating how modern machine technology delivers flexibility – from bale to yarn – in hall 7 at booth 709 A.

Barmag and Neumag showcase innovations across all manmade fiber processes

For the first time, Barmag is presenting itself alongside its new parent company, Rieter: At this year’s ITM in Istanbul, both companies will be represented from June 9 to 13 at the Tüyap Fair Convention and Congress Center in Hall 7, Booth 702B. As a technology leader in the field of chemical fiber equipment, Barmag will showcase its entire portfolio of systems for filament yarn, staple fiber, and nonwoven production, as well as solutions for the networked factory.

Walter Reiners Foundation Prize awarded to three ITA graduates

Sabina Dann, Lukas Balon and Annegret Storm from the Institut für Textiltechnik (ITA) of RWTH Aachen University were awarded the Walter Reiners Foundation Prize by the German Engineering Federation (VDMA) for their master’s and bachelor’s theses. Peter Dornier, Chairman of the Walter Reiners Foundation, presented the awards during Techtextil at the VDMA stand in Frankfurt am Main, Germany.