#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 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.

Jets developed for filament perfection

Heberlein Technology AG, Wattwil, Switzerland, October 2, 2025 – Heberlein, the leading supplier of air interlacing and air texturing jets, aims to impress visitors at ITMA Asia + CITME 2025. Novel solutions will be presented, which will allow filament yarn producers to achieve special quality specifications and process optimization. As expected from Heberlein, these latest developments combine the most sophisticated technology with user convenience and savings potential.

Nike unites innovation, design and product teams to accelerate athlete-centered innovation

Nike, Jordan Brand and Converse are joining forces under a new, athlete-focused creation structure aimed at accelerating innovation and driving growth across NIKE, Inc. The new setup unites the Innovation, Design and Product teams from all three brands into a single “creation engine” that will enable greater sharing of insights, technology and manufacturing methods throughout the innovation process. This integration is part of Nike’s new Sport Offense strategy and is designed to enhance the creation of products that help athletes perform at their best.

DORNIER celebrates its anniversary at ITMA Asia + CITME

To mark its 75th anniversary, machine and plant manufacturer Lindauer DORNIER will be presenting the latest developments in its rapier and air-jet weaving machines at ITMA Asia + CITME in Singapore (Hall 2, Stand B401) from 28 to 31 October 2025. The focus will be on energy-efficient weaving technologies, new IoT solutions for networked textile production and systems for the series production of modern fibre composite components.

BCI warns against ‘dangerous dilution’ of EU corporate directives

The approval of the European Commission’s Omnibus I proposal by the European Parliament’s Committee on Legal Affairs, accepting controversial changes to key sustainability directives is of great concern. These changes, namely to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), threaten to significantly dilute business reporting and due diligence obligations.

Pioneering open-source framework shows how early innovation drives a just and net-zero fashion future

The non-profit H&M Foundation, in collaboration with Accenture, has unveiled From Signals to Systems Change, an insight report calling on the fashion industry to rethink its role in transformation. At its core is the Reimagined System Map, a pioneering open-source framework that visualises how early-stage innovation could drive a just and net-zero textile future.