Manufacturing Industry
ACI Global , London, U.K., has completed the acquisition of Green Machine Investments Ltd. by issuing the balance of the total of 315 million shares of common stock agreed to be issued in exchange for all of the shares in Green Machine Investments Ltd
Rubber World, July, 2005
ACI Global (formerly Par Advance Technologies), London, U.K., has completed the acquisition of Green Machine Investments Ltd. by issuing the balance of the total of 315 million shares of common stock agreed to be issued in exchange for all of the shares in Green Machine Investments Ltd. Green Machine Investments Ltd., through its subsidiaries the ACI Group of Companies, is a global supplier of rubber recycling technology, allowing used tires to be processed into Micropowder, which can be used in the manufacture of tires and other rubber products.
The company also announced that an agreement has been reached with the government of Bahrain to build a production plant in Bahrain where inexpensive natural gas is available to be utilized in the cryogenic process.
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