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Schweiter Technologies: 3A Composites' balsa business activities to be expanded

Schweiter Technologies / Schweiter Technologies: 3A Composites' balsa business activities to be expanded . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. 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...
New York, (informazione.it - comunicati stampa - industria)

 

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@schweiter.com

 

Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland

Telefon +41 44 718 33 03 Fax +41 44 718 34 51 info@schweiter.com

www.schweiter.com

 

 

Please find the Media release in the PDF attached:


Copyright GlobeNewswire

Attachment(s)
http://hugin.info/100347/R/1867183/656042.pdf


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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire



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