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Michelin is looking "to become a global leader in high-tech engineered fabrics and films" with the pending purchase of Paris-based Flex Composite Group.

Michelin is looking "to become a global leader in high-tech engineered fabrics and films" with the pending purchase of Paris-based Flex Composite Group.

Mumbai: Michelin and IDI announce today they have reached an agreement on the terms by which Michelin would acquire 100% of Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films w

In perfect alignment with Michelin in Motion 2030 strategy, this acquisition would enable Michelin and FCG to create a leader in high-tech engineered fabrics and films.

Michelin and IDI have reached an agreement on the terms by which Michelin would acquire 100% of Flex Composite Group (FCG) for an enterprise value of AED2.8 billion ($760 million).

Masan’s performance remains resilient with strong momentum for the coming time

Masan High-Tech Materials Group has reported record revenues of VND 15,550 billion in 2022, an increase of 15% compared to FY2021.

MHT generated revenues of VND15.55 trillion ($662 million) in 2022, up 15 per cent on-year.

Masan High-Tech Materials, a subsidiary of Masan, reported record revenues of $662 million for 2022, a 15% increase over the 2021 fiscal year, mainly from tungsten products. - VnExpress International

Masan High-Tech Materials targets net revenue of VND18.2 trillion in 2023