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China hengtian group completed the acquisition of shandong hailong group

China hengtian group completed the acquisition of shandong hailong group Source: english.ctei.gov.cn/
Date: 28-01-2013
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At the end of 2012, China Hengtian Group’s acquisition of Shandong Hailong group had been successful completed by 29.77% stake, the business of new fiber materials of Hengtian group have joined one new member enterprises.

The acquisition of Shandong Hailong group can provide a large number of short length fibers production technology and rich experience for China Hengtian group, which is an important measure of high-tech development of new materials to accelerate the development of business of new fiber materials, rich product structure, enhance R & D level, enhance the ability to undertake foreign fiber overall project, in order to set up foundation for the implementation of integration in the viscose fiber industry, improve the overall quality of development business unit and company and overall strength of group.
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