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Saturday, April 02, 2011

Smart Chinese buy patents of closed Americal plant in auction

HPM , founded in 1877, was for long the  lone American surviver of injection moulding .die-casting machines. At its peak over 1000 skilled people were employed, decline was clear by 2000 and formally shut down in 2009. Chinese firm Yizumi purchased the IP in auction for $325,000/- 
Read: Plastic News

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