Press Release: Schweiter Technologies: Alliance with Columbia Forest Products

Schweiter Technologies / Schweiter Technologies: Alliance with Columbia

Forest Products. Processed and transmitted by West Corporation. The

issuer is solely responsible for the content of this announcement.

Steinhausen, November 1, 2018 - Schweiter Technologies is entering into

a long-term alliance in Ecuador with Columbia Forest Products, North

America's largest manufacturer of hardwood plywood and hardwood veneer

products.

As part of this alliance, 3A Composites in Ecuador will take on various

tasks in the field of plantation management, purchasing and logistics

for Columbia Forest Products. In return, Columbia acquires a company for

a low double-digit million sales price, which primarily comprises a wood

processing line for the production of hardwood veneers. The entire

transaction results in a minor book gain.

For further information please contact:

Martin Klöti, CFO

Tel. +41 41 757 77 00, Fax +41 41 757 70 01, martin.kloeti@schweiter.com

Please find the Media release in the PDF attached:

Media release (PDF): http://hugin.info/100347/R/2223410/871348.pdf

This announcement is distributed by West Corporation on behalf of West

Corporation 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

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Schweiter Technologies

Neugasse 10 Horgen Switzerland

ISIN: CH0010754924;

http://www.schweiter.com

(END) Dow Jones Newswires

November 01, 2018 02:00 ET (06:00 GMT)