Rieter history

Rieter went into the spinning business in 1812, setting up its first mill in Winterthur.

1815: Company begins production of textile machinery.

The company established its most important mill in 1825, in Niedertöss.

Johann Jacob Rieter (1762–1826) opens his first trading business in Winterthur with exotic spices and cotton.

Rieter is the first Swiss industrial company to build a workers’ settlement and two years later relocates the machine workshops to the former Dominican convent Töss, which Rieter acquired in 1833.

Indeed, the company scored a number of industrial successes, such as the construction of Switzerland’s first passenger aerial cableway, completed in Schaffhausen in 1866.

In 1905, the company won the contract to build the Vesuvius Railway.

At the same time, the company spun off its profitable spinning mill operations into a new independent company, Spinnerei und Zwirneri Niedertöss AG. From 1915 on Rieter's focus returned to the manufacture of spinning machine systems.

By then, the firm had reorganized as a public limited company and was under the direction of the last Rieter family member to head the company, Benno Rieter, who remained as chairman until 1925.

1931: Company introduces man-made fiber machinery.

Rieter also began to introduce automated systems, beginning in 1947.

In 1949, the company began producing machinery for the production of continuous man-made fibers and filament processing.

Founding of American Rieter Company (later Rieter America LLC) in Arlington (USA); in 1954, the company relocates to Spartanburg/South Carolina, where the Rieter subsidiary is based.

In 14th September of the year 1962 Lakshmi Machine Works Limited (LMW) was born to provide the Indian Textile Mills with the latest Spinning Technology today a global player and one among the three manufacturers of the entire range of textile machinery.

In 1967, the company entered a joint venture with Geilinger Stahlbau.

Closer to home, the company acquired Schaltag AG of Effretikon, Switzerland, and in 1973 added Maschinenfabrik Remlingen of Germany.

In January of the year 1982 the Company was granted a letter of intent for establishment of a pilot mill with 3000 spindles at its existing site at Perianaickenpalayam (Coimbatore) for research and development purposes.

In 1985, the company adopted the new name of Rieter Holding Ltd., with a listing on the Zurich stock exchange.

A major acquisition came in 1987 when the company acquired rival Germany-based textile machinery manufacturer Schubert & Salzer GmbH, which had been hard hit by a slump in the staple fiber market during that decade.

During the year 1988 LMW added to their formidable manufacturing resources a new plant to produce CNC Machine Tools in technical collaboration with M/s.

Schubert & Salzer Ingolstadf West Germany in the year 1989 for advance technology in the manufacture of open-end rotors spinning machines.

The Company jointly with (RMWL) had set up a new company in the year 1992 under the name of Rieter-LMW Machinery Ltd. as a 100% export unit for the manufacture of G5/3 family ring of frame assemblies.

LMW had added a modern foundry division at Arasur during the year 1993 for manufacture of Grey Iron Castings of grade 20 25 and 30 using chemical bonded process for captive requirement and also to meet the fast growing engineering sector in India and abroad.

LMW promoted the Southern Iron and Steel Company Ltd (SISCOL) in the year 1994 along with Tamil Nadu Industrial Development Corporation Ltd (TIDCO) in Associate Sector for the Manufacture of Foundry Grade Pig Iron Alloy Steel and Mild Steel.

During the year 1995 LMW had entered into a long-term partnership with Mikron of Switzerland for manufacture of the universal milling and boring Mikron machines for their world market.

The high-speed CNC machines in the Pilatus range high-power CNC lathe in the Rigi range vertical machining centres in the Kodi range Ooty 40 these all are the new product range which was introduced by the company in the year 1998.

LMW had developed four state-of-the-art machines during the year 1999 such as automatic bale plucking machine Flexifloc (outshined any other bale plucking machine in the world) carding machine LC300A speed frame LFS 1660 and ring frame XLA30.

As of November 2005 LMW acquired the Jeetstex Engineering Ltd (JEL) Coimbatore a sick company engaged in the manufacture of textile machinery and castings it has become a wholly owned subsidiary of the company.

In the same year 2006-07 under in Machine Tool Division the company had launched six new machines with improved features.

In the year 2007-08 the company commissioned the expanded capacity of 3.5 million spindles.

Acquisition of Schubert & Salzer GmbH (rotor spinning machines) of Ingolstadt (Germany); five years later, the company is renamed Rieter Ingolstadt Spinnereimaschinenbau AG. Since 2008, it has operated under the name Rieter Ingolstadt GmbH.

In addition the Company worked on improving assembling efficiencies by implementing solutions to the manufacturing excellence drive findings in the machine tool division.During FY 2017 the Company launched new machines and variants which offer efficient and accurate operations to customers.

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