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Umicore buys brazing companyWednesday, 25th January 2006 (3441 views) Speciality metals group Umicore has strengthened its position in the Chinese brazing materials market.On Monday (January 23), the Brussels-listed outfit snapped up Zhenjang Huanyu Xingchen Welding Materials in an 11 million investment. The purchase will help Umicore serve the fast-growing Chinese brazing alloys market, including gold-based alloys, bolstering its existing BrazeTec business unit. Analysts have welcomed the acquisition, as it strengthens Belgium-based Umicore's presence in a fast growing sector of the market.
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