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"Twelve Five" wire and cable industry will start another overseas mergers and acquisitions trend

 

During the next five years to 10 years, Chinese companies mergers and acquisitions, especially the wave of overseas mergers and acquisitions will become increasingly turbulent. In the recently held 2010 the Ninth Chinese Business Leaders Meeting, industry estimates, Chinese enterprises," export " pace will be significantly accelerated.

The data shows that the first 11 months of this year, cross-border overseas mergers and acquisitions accounted for approximately 11% of the total global M & A market, an increase of 32 percent over the same period last year, outbound M & A amount of up to $ 47.3 billion. Chinese enterprises totaled nearly $ 50 billion acquisition of 280 foreign enterprises.

Overseas mergers and acquisitions influx

In the last month, the Chinese enterprises in overseas mergers and acquisitions news hit the newspapers from time to time. Sinopec shares of Chevron gas projects in Indonesia; Bright Food Group trying to use 25 billion to U.S. $ 30 billion acquisition of U.S. health care products companies Kin Hei; Shandong Gold to spend 1.26 billion yuan, the layout of the mineral market in North America and South America; Huaneng acquisition of the U.S. power company 50% of the shares; Tianjin Xinmao Group invested 5 billion yuan acquisition of Dutch fiber optic cable giant DRAKA, and so on.

"Twelve Five" is definitely an opportunity for the industry merger and reorganization. Baosteel Group chairman Mr Xu said the set steel industry for example, the first two years to engage in new projects, and waste a lot of resources and capacity, and now to follow the policy change ideas, to improve the core competitiveness of enterprises through mergers and acquisitions more effective.

"In recent years, the pace of Chinese enterprises in overseas mergers and acquisitions has accelerated noticeably, among which China's economic growth is closely related to iron ore, oil and other natural resource acquisitions were overwhelmingly dominant." Standard Chartered Bank Investment Banking Division, CEO Changqing said the past two years, he helped the Chinese state-owned enterprises in overseas acquisitions worth about 10 billion yuan, 80% of concentrate energy and resources industry.

Shanghai Securities Co., Ltd. recent report pointed out that the non-ferrous metals and energy industry, overseas mergers and acquisitions will become the Chinese enterprises next mainstream. "Twelve Five Plan" put forward the point of view of non-ferrous metals based on domestic demand, are expected to include minerals, metallurgical products and primary processed will curb exports as the main direction, increase or maintain a higher probability of high tariffs, high technical content deep-processing products will be subject to policy support. As a result, non-ferrous metal enterprises in overseas mergers and acquisitions and investment will significantly increase, and the Government will make full use of both domestic and foreign mineral resources, policies to encourage enterprises to conduct overseas resources acquisitions.

Future non-ferrous metal smelting enterprises in the domestic expansion limited circumstances, overseas mergers and acquisitions and investment epitaxial expansion of the enterprise will become an important choice. "The report said.

"We can say that China is now just beginning to go out, have to go out in the next 50 years, Chinese companies do not go out, the consequences unimaginable. Set aluminum for example, in accordance with the current market situation in China, 50% of global aluminum provided by China, but it is impossible for China to make unlimited contributions to countries with limited resources for global consumption. From this point, Chinese enterprises must go out, and share global resources with other countries reasonablely and legitimate. "Chen Jinya, president of American Aluminum Industry Asia-Pacific Group said. 

"At present, China strictly controls the 'two high one capital' exports, reducing the supply of raw materials of the global market. From the development trend of Chinese companies can only go out after cutting off the trade channel, overseas mergers and acquisitions around the world consumption of resources to contribute to "a Fellow of the Institute of the Ministry of Commerce said.