December 15, 2016 / 1:34 PM / in 7 months

BRIEF-SHW AG: supplementary contract for Bad Schussenried site

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Dec 15 (Reuters) - SHW AG :

* Supplementary contract for the Bad Schussenried site

* Contract takes effect on Jan. 1, 2017 and regulates until the end of 2022 the conditions to strengthen the competitiveness of Bad Schussenried

* Within agreement, SHW Automotive GmbH to undertake additional investments of at least 9 million euros ($9.38 million) for development of site as a competence center for electric transmission oil pumps Source text for Eikon: Further company coverage: ($1 = 0.9593 euros) (Gdynia Newsroom)

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