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Rieter plans to invest more in Asia

Written By Views maker on March 23, 2011 | 3/23/2011

For 2011, Rieter expects sales to increase substantially. However, nobody knows the consequences of natural disasters such as the crisis in Japan, or political turmoil such as what is occurring in North Africa. Rieter expects further operating margin improvement compared with 2010 overall, primarily owing to higher textile machinery and technology components volumes. Rieter also plans to invest further to speed production plant expansion in Asia and thereby enhance its market position in China and India.

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