Most popular shounuo acquires German special polym

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Shounuo acquired German special polymer material company

3.175mm steel ball. American shounuo company announced on March 2, 2010 that it agreed to acquire German special polymer material manufacturer etimex solar energy company to expand the application capacity of photovoltaic materials. Etimex solar energy company is controlled by private holding group alphagruppe

Etimex solar is a supplier of ethylene vinyl acetate (EVA) sealing materials for the solar photovoltaic market. Its vistasolar products are manufactured in dieten, Germany. It includes ultra fast vulcanized EVA film and thermoplastic polyurethane (TPU) film with new application range

shounuo company paid 240million euros for this business, which can meet the needs of aircraft offline before 2025. The company's net income in 2009 was 31 million dollars (23 million euros), and its profit before interest and tax was about 34 million dollars (25 million euros). (article source: universal polyurethane)

shounuo said that combining its existing saflex polyethylene butyraldehyde (PVB) sealing material with etimex's eva capability will make it the first manufacturer of solar photovoltaic packaging solutions

this merger is an important step to enhance the core competitiveness of shounuo company, which will help expand the terminal application market and support the company's growth strategy

this acquisition will be completed in the second quarter of 2010

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