Toyo-Automotive

Chinese company to buy rubber parts manufacturer

Beijing – China’s polyurethane adhesive maker Beijing Comens New Materials announced in December its plan to buy Huasen Rubber and Plastics for a CNY 910 million (€125 million).

Huasen is based in Wuhan, Hubei, and makes rubber seal and shock pads for the auto industry. It sells these to a number of local auto makers under the labels Honda, Nissan and Toyota. In 2015 the company reported a 38% jump in net profit to CNY 74 million; revenue gained 37% to CNY 193 million.

Comens will consolidate…

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