Swiss Diamond Manufacturer HORT Undergoes Debt Restructuring
July 5, 2012,
SIERRE, Switzerland-HORT Coating Center, which manufactures the Swiss Diamond cookware line as well as other coatings, has started a process of debt restructuring in Switzerland.
"With unprecedented growth and investment in market expansions over the past 12 months, this is our best option to maintain product flow and our growth plan for the next five years," said Amir Alon, CEO of HORT Coating Center AG.
A release said that the debt restructuring process will not impact the flow of Swiss Diamond products. The company has a U.S. office in Charlotte, N.C.
Joachim Stein, manager of HORT Coating Center AG, said, "For more than 30 years our company has specialized in high quality coatings. Today we produce coatings not only for cookware but also for the aerospace industry, the watch-making industry, the consumer appliances industry and for medical engineering."