Zhuzhou Times New Material Technology Co., Ltd. acquired additional 9.37% stake in Boge Elastmetall Gmbh for $19.4 million.

Zhu Zhou Times New Material Technology Co Ltd is a China-based company mainly engaged in the research and engineering application of polymer materials. The Company operates primarily through four segments. The Industrial and Engineering segment provides products and services such as intercity railway lines, bridge bearings and wind power couplings. The Rail Transit segment provides rail transit accessories and extended products and services. The Wind Power Products segment is mainly engaged in the production and sales of wind power blades. The Automotive Products segment provides automotive shock and noise reduction products and services. The Company mainly conducts its businesses in domestic and overseas markets.