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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

DSM Buys Stake in UHMW-PE Fiber Manufacturer in China

8:51 AM MST | February 25, 2011 | —DEEPTI RAMESH

DSM says it has signed an agreement to acquire a majority stake in Shandong ICD High Performance Fibre (ICD; Laiwu, China). ICD is a manufacturer of ultra-high molecular weight polyethylene (UHMW-PE) fiber and is a potentially strong player in the Chinese market for high-performance fibers, DSM says. Financial terms of the transaction were not disclosed. The deal is expected to close later this year. Gerardu: Will continue to grow long-term commitment to China. The agreement with ICD concludes an...

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