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NMG completed the asset takeover of polymer rigid foam of So.Te.Co Company in Italy

2016-09-30 16:54:20 Zhejiang NMG New Materials Co., Ltd. Read

On Sep. 29th, 2016, NMG completed the asset takeover of polymer rigid foam of Società Tessuti Coagulati Company in Italy and the related changing procedure of registration. Through this acquisition, our ability to research and develop the technology of structure core material and to control the supply chain of it are improving, which will further enhance NMG’s competitiveness.

As one aspect of NMG’s international development strategy, this company will commit itself to providing diversified and environmental foam products of high cost-effective for fields of global wind energy, transportation, boating and sports equipment especially the application to wind energy blades of large size, automotive mould and LNG thermal insulation and reservation. Meanwhile, based on our global localized strategy, NMG will strengthen its after-processing production ability of structure core materials including balsa wood products to supply completed products and service of core materials for Europeans, making contributions to creating more lighter, stronger and green composites.