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March 25th, 2004
ALTANA Chemie Acquires Stake in Nanophase Technologies
ALTANA Chemie AG announced today that it has formed an exclusive global partnership with Nanophase Technologies Corporation. The companies intend to start product co-development in a defined field of application comprising paints, coatings and plastics and expect initial market introductions of developed products in the course of 2004. In addition, ALTANA Chemie has invested US $10 million in Nanophase common stock, trading of which will be restricted for a period of two years.
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