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DSM Completes Acquisition of Majority Stake in UHMW-PE Fiber Manufacturer in China
12:43 AM MDT | September 30, 2011 | Deepti Ramesh
DSM says it has completed the previously announced acquisition of a 91.75% stake in Shandong ICD High Performance Fibre (ICD; Laiwu, Shandong province, China). ICD is a manufacturer of ultra-high molecular weight polyethylene (UHMW-PE) fiber and is a strong player in the Chinese market for high-performance fibers, DSM says. The acquisition brings complementary manufacturing and technology assets and substantially strengthens the company's presence in this key market, DSM says. Financial terms of the deal were not disclosed. DSM had announced plans for the...
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