Textile machinery major Lakshmi Machine Works (LMW) and Rieter have ended their joint venture (JV) in the country. The split come soon after the government scrapped a clause where foreign companies ...

Swiss textile machinery major Rieter has made a complete exit from city-based Lakshmi Machine Works (LMW). Rieter has sold its residual 3.48% stake in LMW on Tuesday. COIMBATORE: Swiss textile ...

Some 300 jobs will be cut across the group as a whole, according to a press release issued on Thursday. However, Rieter does not rule out increasing this number to 400-600 depending on “market and ...

Rieter Holding AG, a Swiss maker of textile machinery, fell to an eight-month low after the release of figures showing the German machinery industry’s orders declined for a sixth month in April.