According to Reuters, total, Europe's second largest oil company, is preparing to sell or list its rubber insulation unit Hutchinson; The sector could be worth as much as 4billion euros ($4.6 billion)
news Jinan experimental machine factory universal experimental machine function comprehensive person said that total has asked the consultants that may be invited to promote the business, and will soon appoint the client; As the matter is still in the confidential stage. The equipment should not be preheated for at least 15 minutes. A spokesman for total denied all rumors about the sale or listing of Hutchinson, and denied that it had entrusted consultantsFounded in 1853, Hutchinson first produced rubber for footwear, and now produces sealing systems and insulating materials for automobiles, trains and aircraft. In 2013, the company's revenue was 3.28 billion euros, "We are taking active measures to crack down on fake and shoddy products, with more than 32000 employees worldwide.
at present, there are few financial details about this business, but bankers estimate its profit before interest, tax, depreciation and amortization (EBITDA) It is about 450 million euros, and the price of the universal mechanical testing machine for college teaching or the scale of listing financing will be times that of this data, between billion euros
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