Schweiter Technologies: 3A Composites strengthens architecture business in India
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Schweiter Technologies: 3A Composites strengthens architecture business in India
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Horgen, December 5, 2013 - 3A Composites, a division of Schweiter Technologies,
is acquiring the production facilities of Durabuild Technologies Pvt Ltd, a
manufacturer of painted aluminum coils and composite panels in Pune, India.
The transaction will enable 3A Composites to extend its already strong market
position in the Indian architectural sector. The coil coating line in particular
will give the company more flexibility, expand its range of range of products
and colours, and enhance its delivery service. Further benefits include a
reduction in the impact of exchange rate swings and increased exports to the
Middle and Far East. The purchase price, including land and buildings, is
approx. CHF 10 million. The purchase is expected to close in January 2014.
For further information please contact:
Martin Klöti, Head of Management Services
Tel. +41 44 718 33 03, Fax +41 44 718 34 51, martin.kloeti(at)schweiter.com
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Telefon +41 44 718 33 03 Fax +41 44 718 34 51 info(at)schweiter.com
www.schweiter.com
Please find the Media release in the PDF attached:
Media release (PDF):
http://hugin.info/100347/R/1747785/588557.pdf
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Source: Schweiter Technologies via GlobeNewswire
[HUG#1747785]
Unternehmensinformation / Kurzprofil:
Datum: 04.12.2013 - 18:00 Uhr
Sprache: Deutsch
News-ID 322885
Anzahl Zeichen: 2207
contact information:
Town:
Horgen
Kategorie:
Business News
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