Companies

Rieter ramps up Indian facilities

Rieter India is investing over Rs.250 crore at its two plants in India to ramp up its facilities.

According to a senior executive of the company, the plant at Wing in Satara District in Maharashtra produces ring frame components for the textile spinning sector. The second one in Pune is initially assembling draw frames and ring frames. This unit will be used for production and assembly of spinning preparatory machines.

The company has invested Rs.200 crore in these two plants and more investments will be made in 2011.

The executive said the textile market in India was doing good.

The spinning sector had done substantially well this year compared to the last two years. Rieter's order books were full for another 18 months.

Expansion works were completed in the first plant recently. Works were on in the second one and this was expected to run at full capacity by the middle of this year. Rieter had planned to bring more products to manufacturing here. “We have not yet finalised the products that would be manufactured here. We are still assessing the market needs,” he said. “In times to come, Rieter will have two major manufacturing hubs – Indian and China,” he said.

It was now meeting the Indian demand with a mix of imported machinery from Europe and local machinery. The final target was to meet the total demand for machines in ring spinning process from local facilities, he said.

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Printable version | Mar 5, 2021 11:08:26 PM | https://www.thehindu.com/business/companies/Rieter-ramps-up-Indian-facilities/article15516813.ece

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