China's overseas mergers and acquisitions are still active According to the statistical information obtained on December 14, 2009: the annual foreign investment of Chinese enterprises increased from 2.7 billion US dollars to about 56 billion US dollars from 2002 to 2008, with an average annual growth rate of 66%.
Since 2009, with the expansion of the international financial crisis, global cross-border investment has shrunk dramatically. However, from January to September 2009, Chinese companies' foreign investment still reached about 33 billion US dollars, basically the same as in the same period of 2008. At the end of the third quarter of 2003-2009, Chinese companies conducted 437 overseas M&A transactions with a total value of US$116.8 billion.
China's machine tool industry's international M&A activity is one step ahead. The international M&A of China's machine tool industry began in 2000 and is an early starter. It is a pioneer in the entire machinery manufacturing industry. From 2002 to 2008, China's machine tool industry went abroad to complete 13 international mergers and acquisitions, including six in Germany, three in the United States, two in Japan, one in France and one in the United Kingdom. After the merger and acquisition, the expected purpose has been achieved, and the operation effect is satisfactory.
It is understood that the overseas M&A projects currently underway in the machine tool industry are also in Italy, Germany and the United States. In fact, China's overseas mergers and acquisitions have not been affected by the financial crisis. On the contrary, some powerful enterprises regard the international financial crisis as an opportunity for overseas mergers and acquisitions.
Reasonable international mergers and acquisitions can not only improve our company's international competitiveness in terms of product technology and management, but also in the current international economic field, if the operation is carried out properly, it may be to complement each other's strengths, learn from each other's strengths, and achieve a win-win situation. A feasible approach.
Making full use of current international, domestic and industrial favorable conditions In the international arena, the international machine tool industry is relatively rich in relative economic and available technical resources, providing favorable conditions for certain international mergers and acquisitions. In addition, the "industrial characteristics" of the machine tool industry is mainly composed of small-scale enterprises. The machine tool enterprises with 40 to 100 employees in the United States account for more than 60% of the total, and the average number of employees of German machine tool companies is 127, Spain, Italy, the United Kingdom, Japan and other machine tool industry developed countries have similar scales, and most of them are family-owned enterprises. Their ability to withstand economic crisis is weak, but the level of technology is high. Many of them have international brands, and the scale of individual investment in M&A projects is small, which is in line with China's machine tool industry. Selection criteria for international mergers and acquisitions.
On the domestic front, China encourages the “going out, introducing†reform and opening-up policy environment and good state foreign exchange reserves, and has the ability to pay, providing unprecedented favorable objective conditions.
In terms of industry conditions, China's machine tool industry has developed rapidly in recent years. As a whole, it has entered the forefront of the world's first phalanx. In addition, the market demand is strong, and the market capacity has ranked first in the world in the past seven years, but its technological development capability and international advanced enterprises. There is still a gap compared to that. The domestic market share of China's machine tool industry has risen from 41% to 62% in the past five years; however, high-end and special products still rely on imports, and imports account for 38% of the domestic market capacity. Therefore, it is urgent to seek foreign technical resources and improve technology. The level to meet the needs of domestic and international markets, but also the need to seek foreign aid, open up international market sales channels.
The above three environments provide the possibility and implementation of the international M&A of China's machine tool industry.
Wood Grain Texture PU Sandwich Panel
Wood Grain Texture PU Sandwich Panel
Rich selection of textures and colors meet different decoration requirements, giving the city and the buildings a new look.
The PU foam is the most advanced and eco-friendly insulation material in the world. With the help of the back aluminum foil, the thermal preservation effect achieves the best.
The unique structure prevents the heat loss in winter. Meanwhile it reduces the heat of the summer sunshine.
Aceta paintcoat and flurocarbon paint of weather resistance performance are applied on surface of wall panel. It is reserved with superior self-cleaning, weather resistance, corrosion resistance and acid& alkali resistance performance.
Light weight with 3.7Kgs/m2 makes the installation easy.
The installation process is clean and tidy without any noise and dust, construction waste.
Different selections of accessories meet different effects.
High quality and stable performance: Manufactured in CNC automation production line, the product pass rate can reach 99.9% with stable chemical structure and physical structure.
Cladding Siding,Wood Insulation Wall Planks,Wood Look Wall Panels,Wood Grain Texture Pu Sandwich Panel
Jinan Zhengtang Insulation Decoration Material Co.Ltd , https://www.ztwallsiding.com