Alkegen Buys Majority Stake in Luyang Energy Savings Material.

MANews-(C)2009-2022

US-based specialty materials platform Alkegen has completed a tender offering resulting in Alkegen obtaining a controlling ownership interest in China-based Luyang Energy-Saving Materials Co. Ltd, the company said.

Luyang produces energy-saving materials in the fields of ceramic fibers, soluble fibers, alumina fibers, and other high temperature insulating materials, and has been partnered with Alkegen since 2015.

Alkegen creates high performance specialty materials used in advanced applications including electric vehicles, energy storage, filtration, fire protection and high temperature insulation, among many others.

Alkegen's products are designed with the ultimate goal of saving energy, reducing pollution, and improving safety for people, buildings and equipment by delivering on our mission of helping the world breathe easier, live greener and go further than ever before.

Alkegen has 75 manufacturing facilities operating in 12 countries with 9,000+ employees globally.

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