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Takeover

Takeover

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  • Time of issue:2020-06-17 14:42

Takeover

(Summary description)

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-06-17 14:42
Information

As of July 16, 2015, PVT has acquired 72 % shares of the joint-venture partner of the coating center in Linyi, Shandong province China. PVT holds now all shares.
The contracts were signed during the EASTPO cutting tool show in Shanghai.

PVT with its 6 coating centers in China is one of the driving forces in the area of hard coatings for cutting tools, dies and molds as well as components. With this take-over PVT puts a strong focus on strengthening its market position and its expansion. Within the next few months PVT will invest into a higher capacity as well as its improved technology to support the further growth in this expanding and highly interesting market.

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