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Business and finance

16 Feb 05

Bridon buys stake in Chinese manufacturer

Wire rope manufacturer Bridon has announced a US$1.6 million deal that secures it a majority shareholding in Chinese producer Tianjin Golik. The new company will trade as Bridon Tianjin Rope. Bridon's UK plants have already supplied major Chinese projects such as the Jiangyin Yangtze Bridge and intention is that the investment in Tianjin Golik will help build market share.

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