Schweiter Technologies: 3A Composites' balsa business activities to be expanded
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Schweiter Technologies: 3A Composites' balsa business activities to be expanded
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Horgen, October 30, 2014 - Schweiter Technologies is strengthening its core
material business at 3A Composites through the acquisition of PNG Balsa in Papua
New Guinea. The transaction is scheduled to be completed in the first quarter of
2015. In 2013, PNG Balsa generated revenues of around CHF 13 million. The
purchase price for the company is in the low double-digit million USD range.
PNG Balsa specialises in the planting, harvesting and processing of balsa wood
used primarily as a core support material within wind power turbine blades and
for the marine market. With this acquisition, 3A Composites is further
strengthening its leadership position in the core material business and is
securing its future supply of balsa wood for the wind power industry and new
areas of application.
With the previously communicated investment in a state-of-the-art balsa wood
processing plant in Ecuador, this acquisition of PNG Balsa reinforces the
strategy of focusing on innovative, high-quality balsa and PET products in the
lightweight construction field.
For further information, please contact:
Martin Klöti, CFO
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/1867183/656042.pdf
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Source: Schweiter Technologies via GlobeNewswire
[HUG#1867183]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2014 - 18:00 Uhr
Sprache: Deutsch
News-ID 348474
Anzahl Zeichen: 2511
contact information:
Town:
Horgen
Kategorie:
Business News
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