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DSM to Buy Majority Stake in UHMW-PE Fiber Manufacturer in China

12:54 AM MST | February 17, 2011 | Deepti Ramesh

DSM says it has signed an agreement to acquire a majority shareholding in Shandong ICD High Performance Fibre (ICD; Laiwu, China). ICD is a manufacturer of ultra-high molecular weight polyethylene (UHMW-PE) fiber and a potential strong player in the Chinese market for high performance fibers, DSM says. Financial terms of the transaction were not disclosed. The transaction is expected to close later this year. The agreement with ICD concludes an extensive selection process by DSM to find the right company in the Chinese market, and the acquisition of the stake in...

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