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Zurich   Germany: Lower sales reported from Rieter Textile Systems According to the preliminary results released on Feb. 03rd, 2005 by the Switzerland-based company report sales by the Textile Systems division has declined by 4% at CHF1.176 billion compared to CHF1.228 billion last year....more by Textile Intelligence Friday, 04th February 2005View more news from [ Zurich ] [ Switzerland ] Ciba finally agrees sale of Textile Effects unit Ciba has agreed to sell its Textile Effects unit for 332 mln sfr in cash and debt to Huntsman Corp. The deal will close in the third quarter, Ciba Specialty Chemicals said. The Swiss group said it will incur an after tax write down charge of around 250 ml...more by Textile Intelligence Tuesday, 21st February 2006View more news from [ Zurich ] [ Switzerland ] New ownership at Benninger Textile Systems The current management and the leading Swiss private equity firm Capvis will succeed Mr. Charles Peter as owner of Uzwil based textile machine company Benninger textile Systems. For Mr. Charles Peter, who looks back upon 33 years of successful management...more by Textile Intelligence Monday, 16th January 2006View more news from [ Zurich ] [ Switzerland ]

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