Dutch DSM completes stake purchase in Chinese fibre producer

30 September 2011 09:22  [Source: ICIS news]

SINGAPORE (ICIS)--DSM has completed the acquisition of a 91.75% stake in Chinese producer Shandong ICD High Performance Fibre, the Dutch life and materials sciences firm said on Friday.

Financial terms of the acquisition were not disclosed in the company’s statement.

DSM said that the acquisition will provide it with complementary manufacturing and technology assets, as well as strengthen the company's presence in the key China market.

By: Samuel Wong

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