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Rio sells specialty aluminium unit to Schweiter

Wednesday, Sep 23, 2009
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SYDNEY, Sept 22 (Reuters) - Global miner Rio Tinto (RIO.AX) (RIO.L) is selling its Alcan Composites business, which makes aluminium construction material used in wind farms, to Swiss machinery firm Schweiter Technologies (SWTQ.S) for $349 million. The two firms said in separate announcements on Tuesday that they expected to complete the deal by the end of the year. (Reporting by Mark Bendeich; Editing by Michael Urquhart)

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