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Takeover of Belgium foundry

Effective 2nd February 2016, DIHAG Holding together with Dutch company Royal IHC, took over the Belgian steel and iron foundry Allard-Europe NV.

DIHAG Holding based in Essen, Germany, and Royal IHC - specialising in shipbuilding and equipment for maritime construction - have formed a joint venture. DIHAG holds the majority 60 per cent share. This strategic takeover will shore up DIHAG’s position as a leading foundry group in Europe.

www.dihag.com