Matex International Limited (SG:M15) has released an update.
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Matex International Limited has established a joint venture in Shanghai, targeting the burgeoning market for sustainable materials with a focus on high-quality diatomite-based products. The venture, in collaboration with Zhenghe New Materials Technology, represents Matex’s strategic move towards circular solutions in emerging industries. The investment is internally funded and is not expected to significantly impact the company’s financials for 2024.
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