Hardinge purchase
Hardinge Inc has acquired the stock of the minority shareholders of manufacturing operation Hardinge Taiwan making the company a wholly owned subsidiary; it had owned 51 per cent.
Hardinge Inc has also acquired 100 per cent of the stock of U-Sung Co which owned the land and building used for the Hardinge Taiwan operations.
This will allow the company to capitalise on the Chinese market, which Hardinge Inc president J Patrick Irvin says is “the largest single market for machine tool consumption in the world and it is likely to remain the largest market for some time to come.”
