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Huafon Chemical Co., Ltd. agreed to acquire Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd. from Huafon Group Co., Ltd. for a total consideration of CNY 6 billion (including another acquisition).
Huafon Chemical announced an additional investment of 800 million yuan to expand the PTMEG unit capacity from 120,000 tons/year to 240,000 tons/year as part of its Spandex Industry Chain Deepening Project.
| Site | Largest | Latest |
|---|---|---|
| China | $110.0M | 2024-07-12 |