Rieter Wins Major Order and Enters Strategic Partnership with DIW

On March 6, 2024, Rieter received an order for the first batch of Rieter  technology amounting to around CHF 62 million 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 CHF 62 million 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., says: “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, says: “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.”  

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