Acquisition
Release date:
2020-06-17 11:09
Author:
Summary:
As of July 16, 2015, PVT had acquired a 72% stake in the joint venture at the coating center in Linyi, Shandong, China, and currently holds all of the company’s shares.
As of July 16, 2015, PVT had acquired a 72% stake in the joint venture at the coating center in Linyi, Shandong, China, and currently holds all of the company’s shares.
PVT and its six coating‑processing centers in China have become one of the key drivers in the field of ultra‑hard coatings for cutting tools, molds, and components. In this acquisition, PVT has prioritized strengthening its market position and expanding its footprint. Over the coming months, PVT will invest in higher‑capacity equipment and advanced technologies to further support this expansion and the future growth of this promising market.
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