Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
dpa

HOME > dpa

China's AT&M buys out German carbon-fibre maker Cotesa

May 24, 2018


Abstract : China's Advanced Technology and Materials (AT&M) has bought out German aviation materials manufacturer Cotesa following months of horse-trading and approval by Germany's Economy Ministry.

China's Advanced Technology and Materials (AT&M) has bought out German aviation materials manufacturer Cotesa following months of horse-trading and approval by Germany's Economy Ministry.

Cotesa manufactures carbon fibre components for Airbus and Boeing at two locations in Germany, with its headquarters at Mittweida in the eastern state of Saxony.

The takeover by AT&M, a subsidiary of the state-owned China Iron & Steel Research Institute Group, will give Cotesa access to the Chinese market, allowing it to supply the Commercial Aircraft Corporation of China (Comac), Cotesa chief executive Joerg Huesken said recently.

Cotesa's quest for a new strategic investor had drawn interest from 30 parties, he said. According to the German business daily Handelsblatt, which first reported the deal, AT&M is planning to construct a new plant in China.

dpa

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: China-steel DPA-Info Germany-steel

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial