Rieter Celebrates Opening Of Chinese Facility

Switzerland-based Rieter Group recently invited more than 300 guests to celebrate the opening of a
new facility in the Changzhou National Hi-Tech Development Zone in Changzhou, China. Activities
included a formal ceremony, presentation of its D201 doubling machine, and a three-day open house
for existing and prospective customers.

Rieter invested more than 50 million yuan (US$6.5 million) in the new facility, which
consists of an office building; workshop for assembly and production; sheet metal workshop with
state-of-the-art machinery and fully operational powder painting line; and showroom. The showroom
displays Rieter textile products including blowroom, carding, draw frames and end-spinning
machines, and will be used for spinning trials and customer and in-house training.

Left to right: Chen Shujin, vice president, China National Textile and Apparel Council;
Stefan Hutter, sales manager, Rieter Textile Systems China; Wang Zhengping, vice mayor, Changzhou
City; and Peter Gnaegi, CEO, Rieter Textile Systems

“We are convinced that the Chinese market needs high-quality and high-production
machinery for top-end products and we can serve the market with the right products,” said Sigi
Foehn, CEO, Rieter Textile Systems (Shanghai) Ltd. Rieter representatives added that the company
will continue to invest in China and the Changzhou zone in particular, with the goal of increasing
production capacity in the zone by three to four times in the coming years.

July/August 2007