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China Chemical Industry "going out": acquisition of machinery and equipment manufacturers the "master"

Number of visits: Date:2016-01-28

  Recently, China National Chemical Corporation announced to 925 million euros (about 6.65 billion yuan), the full acquisition of Canadian Onex fund owned German-based manufacturer of rubber KraussMaffei Group (Krauss Maffei) - this is hailed for the industry, "Rolls Royce" of plastics and rubber processing machinery and equipment manufacturers. And this is so far the biggest Chinese investment in Germany.

  China Chemical Industry Group Chairman Ren Jianxin said that through the acquisition of the 178-year history has the world's leading manufacturer of rubber and plastic machinery, China Chemical Equipment will accelerate product portfolio and business integration, the first to achieve 'Made in China 2025' target. But also "along the way" practice and "international production cooperation".

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