export financing conference uzbekistan swiss textile machinery

Export Financing Conference Uzbekistan

Export Financing Conference UzbekistanSwiss Textile Machinery


President of Swiss Textile Machinery Association

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Ernesto Maurer


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Risk insurance by export credit agencies – safeguarding export activities of SMEs


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80 YEARSSWISS TEXTILE MACHINERY ASSOCIATION


• Founded in 1939 in very difficult times, start of World War II

• Shortage of raw materials, (mainly steel, copper, brass)

• Shortage of labours (men getting drafted into the army)

• Biggest problem was loosing export markets!

• First time the very independent companies started to form a joint force!

• Together we are strong

Brief History of Swiss Textile Machinery Association

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43 Members

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Strong Ties

Bilateral agreements

• 1993 Agreement for Protection of Swiss Investments

• 1994 Agreement for Trade and Economy

• 1997 Agreement for Air Traffic and airspace usage

• 2002 Agreement for Ground Transportation

• 2003 Treaty for Cooperation in Technology and Finance

• 2003/2014 Agreement for Treaty of Double Taxation

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Worldwide Cotton Production 2017/18

Source:ITMF Statistics January 2018

0 1'000 2'000 3'000 4'000 5'000 6'000

Burkina

Turkmenistan

Turkey

Uzbekistan

Australia

Brazil

Pakistan

United States

China

India

Leading cotton producing countries world-wide in 2016/2017 (in 1,000 metric tons)

20 Mio tons p.a.

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Textile Value added Chain

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Textile value added chain

Value added

moderate value added High value addedVery high value added (increased risk)

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Spinning Fabric Apparel

Supplier few large suppliers yery fragmented(SME)

Different market, end-user driven

Nature From raw cotton to grey or dyed yarn

Waeving, knitting, dyeing, finishing, etc.

Garmenting, apparel, tailoringfashion and semi-products

Customers worldwide WW and domestic worldwide

Complexity High High High

Volatility Moderate Moderate High

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Spinning Fabric Apparel


Main Player in the Project Development

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ECA, (e.g. SERV, EH, ÖKB)

Manufacturer of Hardwaree.g. Textiles / Machinery etc.

Supplier of Machinery aree.g. Textile Machines

Project FinancingBank (e.g. UBS, CS, ZKB)


Main Player in the Project Development

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Customer of Machinerye.g. Textiles / Machinery etc.

Supplier of Machinerye.g. Textile Machines

Export Financing (e.g. UBS, CS, ZKB)

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2

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Interaction of the Main Players

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Customer


Export Financing (e.g. UBS, CS, ZKB)

Supplier of Machinerye.g. Textile Machines


Uzbekistan’s Exports in 2018

Source:Economy report Jan 2019

Cotton fibers

Food products

Chemical Products

Energy (incl. Oil,Gas)Metals

Machinery

Services

Others

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Strong Ties

Local investments by Swiss Groups

Since 2002

Since 2012

Since 2016

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Maurer / 04.12.2019 17

Rieter at a Glance

• 1795: Johann Jacob Rieter (1762–

1826) opens his first trading

establishment for foreign spices and

cotton in Winterthur.

• 1835: Diversification phase: In

addition to spinning machinery,

production of turbines, generators,

rifles, etc.

• 2020: 225 years jubilee

The world’s leading supplier of systems for short-staple fiber spinning

• Headquartered in Winterthur Switzerland

• Worldwide the only supplier for complete

systems

• 17 manufacturing locations in ten countries

• Global workforce of around 5 250

https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwj5uuCN59HiAhXBalAKHYTsCj0QjRx6BAgBEAU&url=https://www.rieter.com/de/unternehmen/firmenchronik/&psig=AOvVaw2x7jC6PFRSjNolFu8Opn9D&ust=1559805673879744

Maurer / 04.12.2019 18

Global Presence

North and South AmericaBrazil

São Paulo

USA

Spartanburg, USA

Africa

Europe

Switzerland

Winterthur

Horgen

Pfäffikon

Rapperswil

Belgium

Stembert

Germany

Gersthofen

Ingolstadt

Süssen

France

Wintzenheim

Netherlands

Enschede

Czech Republic

Boskovice

Ústí nad Orlicí

Spain

Barcelona (Gurb)

TurkeyAdana

Istanbul

IndiaChandigarh

Koregaon Bhima

Wing

ChinaChangzhou

Hong Kong

Shanghai

Beijing

Urumqi

Zhongshan

Asian countries*Taiwan

Taipei

Uzbekistan

Tashkent City * Without China, India and Turkey

Sales/Agents

Service

Production

Research & Development

Headquarters

Strong network in all textile-producing countries serving the global textile

markets

Maurer / 04.12.2019 19

Rieter Campus

Winterthur Site Development

• Rieter intends to create a modern

location in Winterthur on

approximately 30 000 square meters:

• Customer center

• Product and technology center

• Assembly

• Administration

• Planning process is ongoing

Planning in progress

https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwjh-smV9dHiAhVFJVAKHcEgDzIQjRx6BAgBEAU&url=https://www.rieter.com/de/medien/medienmitteilungen/newsdetail/rieter-campus-winterthur-studienwettbewerb-abgeschlossen/&psig=AOvVaw0oeK2fXfw0I-B1zl49BOGT&ust=1559809448581391

Maurer / 04.12.2019 20

The Most Economical Rotor Direct ProcessInnovations at every process step

Maurer / 04.12.2019 21

News from the Inventors of Compacting

Groundbreaking innovations for the ring and compact spinning process

Maurer / 04.12.2019 22

Digital Transformation in SpinningImprovement Opportunities and strengthening expertise of mill staff

Maurer / 04.12.2019 23

Mantra of successful Spinning

Raw material costs

Conversion costs

Yarn selling price

• Raw material utilization

• Labor costs

• Energy costs

• Capacity utilization and efficiency

• Purchasing options

• Quality & Quantity

• Changing exchange rates

• Cotton trader

• Fashion trends

• Rate of exchange

• Yarn type and quality

• Yarn trader

How to make money in spinning

Maurer / 04.12.2019 24

Rieter in Uzbekistan

Rieter Uzbekistan Plant

Card C70 RSB-D50 SB-D50 Ring spinning G/K

Our products

In 2011, Rieter AG has signed an agreement

with the Textile Ministry of Uzbekistan.

In March 2011, following the Presidential

Decree #1484, Rieter Uzbekistan has been

established in Tashkent as a production unit.

Rieter Uzbekistan in figures

Number of FTE 50

Average staff age 30 years

Languages spoken min 2

Machines assembled 596

Maurer / 04.12.2019 25

Cooperation with Banks and SERV

Maurer / 04.12.2019 26

Executed orders in Uzbekistan

Fergana Global – Fergana Region Khantex – Andijan Region

• Order Value : EUR 31’344’000

• ECA covered Financing with

Promstroybank and Commerzbank

• Order value: UZS 3’4400’000’000

• Produced in Uzbekistan

• By Bank Transfer

• Order Value: EUR 21’100’000

• ECA covered Financing with NBU

and LBBW

Marketing@Sales Info . July 2019 . RMS-M

Guzor Tekstil– Kashkadarya Region Kukcha – Tashkent

• Order Value : EUR 64’308’000

• Mixed payment terms:

• Local Financing

• ECA covered Financing

• Order Value: EUR 39’534’600

• ECA covered Financing with Asaka

Bank and Commerzbank


Let’s keep in touch

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Thank you for participating @ theExport Financing Conference

and your attention to

Textile Machinery Association

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export financing conference uzbekistan swiss textile machinery

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