CSJB Power Material Technology to acquire 67% stake in WXTL Electrical Materials

CSJB Power Material Technology Group, through its subsidiary CSJB Magnet Wire Technology Company, plans to acquire a 67% equity stake in WXTL Electrical Materials Technology Co., Ltd. for 235 million yuan to strengthen its magnet wire business and expand into UHV products.

“This is another acquisition by CSJB following the acquisition of WHEX Magnet Wire Technology.”haythink.com

• 1 source
• haythink.comTesla Motors Magnet Wire Supplier Acquires Chinese Magnet Wire Competitor Hay:F05CSJB - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

Summarized from public sources; check the original articles before acting on it.