WINTERTHUR, Switzerland — March 6, 2024 — On March 6, 2024, Rieter received an order for the first batch of Rieter technology amounting to around 62 million Swiss francs from Shanghai Digital Intelligence World Industrial Technology Group Co. Ltd. (DIW). Rieter also signed a strategic partnership with DIW to develop intelligent yarn manufacturing technology that utilizes digitization and automation to minimize conversion costs and maximize value for customers.
Rieter and DIW signed a first order in the amount of around 62 million Swiss francs for combers and draw frames that will provide the basis to transform DIW’s spinning mills into state-of-the-art industrial textile operations. DIW, a fast-growing company specializing in intelligent manufacturing and industrial operation services, selected Rieter following a competition in which the company’s machines achieved better stability and higher production than competitors. The strategic partnership of DIW and Rieter is designed to further enhance the overall operational efficiency of DIW’s mills by providing highly efficient machines, automation and digitization technology. This will also minimize conversion cost and consolidate the sustainable growth of both companies, while contributing to the high-quality development of the Chinese textile industry.
Yiming Liu, chairman, Shanghai Digital Intelligence World Industrial Technology Group Co. Ltd., said: “We have selected Rieter based on its excellent technology and abundant experience. Rieter machines provide stronger stability and higher production efficiency. The strategic cooperation between the two parties is not only a full affirmation of the previous cooperation, but also one with complementary advantages and mutual benefits, which will provide greater possibilities for DIW to reduce costs and increase efficiency. It is believed that the two sides will take this cooperation as an opportunity to further explore cooperation in a wider range of fields, open up new areas for the transformation of the traditional textile industry, and contribute to accelerating the construction of a modernized industrial system.”
Michael Hubensteiner, Country managing director, Rieter China, said: “We are proud that our technology came out on top in this competition, achieving greater stability and higher production than competitors. We are grateful for the trust that DIW has placed in Rieter and are confident that this partnership will be a game- changing and unrivalled success while further strengthening Rieter’s position in the attractive Chinese market.”
Posted: March 6, 2024
Source: Rieter Management AG
