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China Minmetals Buys German HPTec |
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Written by Philip Buonpastore
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Tuesday, 06 May 2008 |
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BEIJING, CHINA – According to industry reports, China Minmetals has bought HPTec, Germany's manufacturer of drills and cutters, for an unspecified price.
The company said that it will assume 100% control of the Ravensburg Germany-based company, which produces printed circuit board (PCB) microcutting tools.
Founded in 1977, HPTec has locations in Singapore, Korea and China.
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