Chinese firm buys rubber company

February 27, 2012

Chinese firm buys rubber companyCZECH Republic-based tyre and technical rubber company CGS Group has sold its 100% share in piston and rubber machinery maker Buzuluk to China-based Dalian Rubber & Plastics Machinery. CGS says it wants to focus on its core business of selling off-road tyres and technical rubber.

Of Buzuluk, Dalian Rubber says it intends to utilise the location of the company and the tradition of machinery
manufacturing in Komarov. “First, we will implement new technologies and develop production, R&D of rubber
industry machinery and piston rings. We will also utilise the sales base of Buzuluk to introduce our machinery to the European market,” it said. Financial details were not disclosed. (PRA)

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