Press Release: Schweiter Technologies: 3A Composites strengthens architecture business in India

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   December 04, 2013 12:01 ET (17:01 GMT)- - 12 01 PM EST 12-04-13

-2 of 2- 04 Dec 2013 17:01:00 UTC  Press Release: Schweiter Technologies: 3A Composites strengthens architecture business in India

Schweiter Technologies / Schweiter Technologies: 3A Composites strengthens architecture business in India . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

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@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:

Media release (PDF): http://hugin.info/100347/R/1747785/588557.pdf

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Schweiter Technologies via Globenewswire

HUG#1747785

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Schweiter Technologies

Neugasse 10 Horgen Switzerland

ISIN: CH0010754924;

http://www.schweiter.com (END) Dow Jones Newswires

   December 04, 2013 12:01 ET (17:01 GMT)- - 12 01 PM EST 12-04-13