DSM: Acquisition of Chinese UHMWPE Fiber Manufacturer
Royal DSM N.V., Herleen, Netherlands, has successfully completed the acquisition of a majority share of 91.75% in Shandong ICD High Performance Fiber Co. Ltd., based in Laiwu, Shandong province, China, as announced on 17 February 2011. Financial terms of the acquisition are not disclosed.
ICD is a manufacturer of UHMWPE (ultra high molecular weight polyethylene) fiber and a strong player in the high-performance fiber market in China. The acquisition brings complementary manufacturing and technology assets to DSM and substantially strengthens the company’s presence in this key market.
According to DSM, China is a major market for UHMWPE fiber production and consumption. This acquisition marks a milestone in the global development of DSM Dyneema and provides a stronger platform for continued growth and leadership in the China market.
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