Brief: Schweiter Technologies realigns SSM Textile Machinery
17/05/2016 17:01
May 17 (Reuters) - Schweiter Technologies AG SWTQ.S :
* Realignment of SSM Textile Machinery
* SSM Textile Machinery concentrates segment of texturing
machines
* At its site in Horgen, SSM will concentrate in future on
development, production and commercialization of high-tech
winding and sewing-thread machines
* Texturing machines business will be transferred to
existing site in Galbiate (Italy)
* Planned measures will result in approximately 20
redundancies in Switzerland
Source text for Eikon: ID:nHUG5jdgNz
Further company coverage: SWTQ.S
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