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Home | News |Chongqing Light Industry & Textile Holding (Group) Co., Ltd. purchases Germany SG
Chongqing Light Industry & Textile Holding (Group) Co., Ltd. purchases Germany SG
Updated: 2011-12-06 00:00 Source: share:

CHONGQING (CQNEWS) -- Chongqing Light Industry & Textile Holding (Group) Co., Ltd. gained the core technology of automobile seals by purchasing a Germany company, SaarGummi Group (SG), and became a leader in automobile seals industry nationwide, or even in the world.

SG is a multi-national company, enjoying a history of more than 60 years, and ranking 4th in the world automobile seals industry.

Chongqing Light Industry & Textile Holding seized the opportunity in the reconstruction of SG, and bought SG with 100 million euro. And the shareholding, assets and financial claim delivery were already accomplished in June 2011.

 

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