The most popular Chinese construction machinery Co

2022-07-29
  • Detail

The Chinese construction machinery corps' overseas attack coincided with the favorable weather and geographical conditions. Introduction: at the beginning of the year of the dragon, Liugong and sany pushed the overseas M & a journey of the Chinese construction machinery corps to the climax of history. Once upon a time, those industry leaders who made Chinese enterprises stand high in the mountains have become partners with us today. There is no doubt that the timing and location of overseas mergers and acquisitions are favorable

at the beginning of the year of the dragon, Liugong and sany pushed the overseas M & a journey of China Construction Machinery corps to the climax of history. Once upon a time, those industry leaders who made Chinese enterprises stand high in the mountains have become partners with us today

favorable timing and location of overseas mergers and acquisitions

"there is no doubt that the collective attack of China's construction machinery Corps is accidental and not accidental. They have been encouraged and supported by the management and shoulder the historical mission of revitalizing China's industry." An analyst, who declined to be named, said to

not long ago, Minister of Commerce chendeming said at the national business work conference that he would "encourage competent enterprises to revise some contents and terms, invest in mergers and acquisitions, integrate resources, carry out R & D, production and marketing activities around the world, cultivate international famous brands, and increase support for private enterprises to" go global "

in order to ensure that this strategy can be actively and steadily implemented, chendeming also pointed out that, In the future, China will "accelerate the negotiation of investment protection agreements with important economic and trade partners, eliminate the barriers to entry after the three industrial revolutions marked by the utilization of steam engines, wide-ranging production and electronic information technology, strengthen the protection of investment rights and interests, strengthen the risk warning to enterprises, improve the emergency response mechanism for overseas emergencies, and guide enterprises to deal with overseas antitrust reviews and lawsuits"

in the opinion of the vast majority of analysts, "encouraging powerful enterprises to invest in mergers and acquisitions, integrate resources, carry out R & D, production and marketing activities, and cultivate international famous brands" is imperative and cannot be postponed for China at the stage of development and transformation

today, the financial crisis and the European debt crisis are still looming. A large number of European enterprises are facing the situation of declining product sales, defaulting on supplier loans and employee salaries, and even on the verge of bankruptcy. This has not only mobilized China and shown the enthusiasm of corresponding data enterprises to "bottom" overseas, but also provided a rare opportunity for Chinese enterprises to rapidly improve their comprehensive strength and integrate into the international market

in fact, since the 1990s, overseas mergers and acquisitions have gradually become an important way for Chinese enterprises to invest abroad. Although there are no lack of successful cases, they have actually lost more than they lost The above analysts, who declined to be named, said

for example, as early as October, 2004, SAIC Group purchased 48.92% of the equity of Ssangyong in South Korea at a high-profile price of US $500million, but this acquisition once led to a wave of strikes by Ssangyong employees

it was almost the same as the experience of "predecessors". Before Liugong completed the acquisition of HSW construction machinery business unit in Poland, in June, 2011, affected by local negative reports, the trade union of HSW enterprise had doubts about the reputation of Chinese enterprises, and asked Liugong Guangxi to guarantee the employees' work contracts for the next five years and increase the salary of all HSW employees by 5%. However, Liugong Guangxi only agreed to guarantee that HSW employees will gradually improve the operation, management and internal control of the enterprise within three years, and the salary will be increased by 3%. The two sides were once deadlocked on this issue, and the acquisition was forced to be suspended

in december2011, Liugong finally reached a consensus with the Polish HSW trade union on the issue of social security. Liugong will guarantee the work contract of HSW employees for the next four and a half years and increase the salary of HSW employees by 3%. The two sides held the signing ceremony of the social security agreement in Poland on December 7. This contributed to the final success of Liugong's acquisition of the construction machinery business unit of HSW company in Poland

"this shows that Chinese enterprises are becoming more and more experienced in overseas M & A. the reason for these failures means that the management put forward the idea of" accelerating the negotiation of investment protection agreements with important economic and trade partners, removing market access barriers, strengthening the protection of investment rights and interests, strengthening risk warning for enterprises, improving the emergency response mechanism for overseas emergencies, and guiding enterprises to deal with overseas antitrust review and litigation. " The importance of. On this basis, we should allow some failures to exist. Analyst xiaqingwen said

Copyright © 2011 JIN SHI