NEWS/EXCHANGE RATES
Nanostart Asia Pacific Ahlstrom to close invests further in MINT Barcelona plant
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anostart Asia Pacific Pte Ltd is increasing its stake in Singapore’s Membrane Instruments and Technologies Pte Ltd (MINT) from 18% to 28%. The investment in MINT will be through the Nanostart Early Stage Venture Fund I, which is managed by Nanostart Asia Pacific. The funds will be used for the marketing of MINT’s Membrane Integrity Sensor and its international rollout. The Membrane Integrity Sensor, which is MINT’s flagship product, is a sensitive analysis system for continuous and reliable online monitoring of water quality at water treatment facilities. The system was developed at the Nanyang Technological University (NTU) in Singapore and introduced to the market last year. The sensor is the first MINT product available on the market and is already in use at a number of facilities. MINT is a spin-off from Singapore’s NTU. Nanostart Asia Pacific is a venture capital investment company which invests in young, up-and-coming nanotechnology companies which are approaching market launch or have innovative products already on the market. It is a subsidiary of Germany’s Nanostart AG. For further information, visit www.mintmembranes.com, www.nanostart-asia-pacific.com and www.nanostart.de
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hlstrom Corp is to shut its manufacturing plant in Barcelona, Spain later this year, with the loss of about 30 jobs. The Barcelona plant, which makes materials for advanced and transportation filtration applications and is one of Ahlstrom’s smallest production units, has suffered from continued weakening demand in Southern Europe. For further information, visit www.ahlstrom.com
GVS acquires medical filter products
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taly’s GVS SpA has bought NP Medical Inc’s filter products business. The acquired products are made in Cayey, Puerto Rico and are marketed under NP Medical’s IVEX and Nutrivex brands. “Together with our existing line, SpeedFlow, the IVEX and Nutrivex business will allow our group to become a world leader in the IV filter business in terms of quantity and range of products,” said Massimo Scagliarini, GVS CEO. GVS manufactures filtration products primarily for the medical and automotive markets. For further information, visit www.gvs.com and www.nypro.com
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