SwatyComet situation under US owner stable with positive outlook

Maribor, 12 February - Abrasives maker SwatyComet, which was acquired at the end of 2015 by Weiler Corporation of the US, recorded a 4% drop in sales revenue to around EUR 80m in 2016, but nonetheless expects to almost match the EUR 3.7m profit from 2015. Since the takeover, SwatyComet has become Weiler's exclusive grinding wheels maker for the global market.