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China's Cosmos shuts factory, but eyes rebound

By: Steve Toloken

HONG KONG (Aug. 29, 10:30 a.m. ET) — Broad-based Chinese plastics firm Cosmos Machinery Enterprises Ltd. has closed an appliance and electronics molding factory in Wuxi, China, as tougher economic conditions sharply cut sales and pushed the company into a small loss in the first half of the year.

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