According to the National Development and Reform Commission, in October 2012, the Anhui Provincial Development and Reform Commission approved Anhui Zhongding Holding (Group) Co., Ltd. to acquire the equity project of American Millennium Industrial Co., Ltd. The Department of Foreign Investment of the National Development and Reform Commission has registered the project approval document.
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It is reported that U.S. Millennium Industrial (ACUSHNET) is a professional manufacturer of rubber products with advanced technology and high production efficiency. The company's leading products include aerospace, petroleum, natural gas (including shale gas), construction machinery, and high-end automobiles. Seals. From January to September 2012, it achieved a total operating income of US$34.87 million and a profit of US$2.131 million.
Anhui Zhongding stated that after the completion of the acquisition, the company will fully absorb and absorb the technological processes owned by the US Millennium Industrial Co., Ltd., and promote the company's existing production processes and production efficiency of hydraulic pneumatic seals, automotive non-tire rubber products and other products. Fully upgrade; at the same time, it will quickly improve the company's technical capabilities and market position in aerospace, oil and natural gas, and can enter the domestic high-end seal products, and increase the proportion of non-automotive products in the company's revenue.
Anhui Zhongding acquires US Millennium Industrial Co., Ltd.