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Dawn Polymer has acquired 100% equity of Guangdong Hyundai Engineering Plastic Co., Ltd. for CNY 97 million, making it a wholly-owned subsidiary. The acquisition aims to expand Dawn Polymer's presence in the South China region and reduce transportation costs.
“The southern region is an important manufacturing base for China. With large-scale industries of household appliances and automobiles, etc, they have extensive demand for high-performance modified plastics.”en.chinadawn.cn
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