A leading system supplier in the textile and automotive industries, Rieter, has opened its new production facilities in Changzhou.

Peter Gnägi, CEO of Rieter’s Division Textile, announced at the ceremony Rieter’s strong intention to further expand its business in China. The opening ceremony was attended by more than 300 VIPs, customers, local authorities and other guests.

The opening ceremony was followed by three open house days, which offered both potential and existing customers the opportunity to see Rieter products in detail. The technology behind Reiter products was explained by specialists from Europe.

Rieter’s textile division started its Changzhou operations in 1998. Reiter operates 3 plants and 6 sales offices in China. The company has business relationship with china for more than 70 years.

Reiter’s Textile Division accounted for CHF 1,401 millions (RMB 8.9 billions) of the total sales.

In the 2006 financial year Rieter generated sales of CHF 3,580 million (approx RMB 23 billion) with more than 14,500 employees worldwide.

Rieter is a Swiss-based industrial group with activities in all regions of the world. The group is a leading supplier of high technology products, systems and services in the automotive, textile and plastics industries.

The new plant in Changzhou is seen as a milestone in the companies history.

Rieter Textile Systems is the leading supplier of integrated systems for manufacturing yarns from natural and man-made fibres for all applications. Rieter Textile Systems supplies technologies for producing nonwovens, a segment with numerous applications ranging from the hygiene to the industrial and the medical sector.

The offerings of Rieter Textile Systems range from complete installations from raw material to end product, subsystems, machines, components, wear and tear parts as well as spare parts to accompanying services from pre sales to after sales. Rieter Textile Systems operates production plants in Western Europe, the Czech Republic, India and China.