Most popular Zoomlion Zhan Chunxin Chinese enterpr

2022-09-20
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Zoomlion Zhan Chunxin: Chinese enterprises go out and usher in the golden window period

Zoomlion Zhan Chunxin: Chinese enterprises go out and usher in the golden window period

China Construction Machinery Information

Guide: at present, the world economy is still at a trough, which is #039 for Chinese enterprises; In the golden window period of going global, Chinese enterprises are integrating into a multi polar, multi value and colorful industrial ecosystem. Zhan Chunxin, chairman of Zoomlion Heavy Industry Co., Ltd., said in an exclusive interview with Xinhua news agency in Beijing recently. Zhan

"at present, the world economy is still at a low point, which is a golden window period for Chinese enterprises to 'go global'. Chinese enterprises are integrating into a multipolar, diversified and colorful industrial ecosystem." Zhan Chunxin, chairman of Zoomlion Heavy Industry Co., Ltd., said in an exclusive interview with Xinhua news agency in Beijing recently

Zhan Chunxin said that in the chess game of the global economy, China's strategic position is constantly improving, and more and more Chinese enterprises are occupying the highland of internationalization strategy. The more obvious this situation is, the more attention it receives from the world

"however, looking at China, there are few enterprises that can represent a certain industry in China. A common phenomenon is that with the rapid development of the domestic economy, the market of the industry is strong; with the slow development of the domestic economy, the market of the industry is poor. Such an enterprise group is limited to the domestic market competition, and the industrial overcapacity has become an inevitable curse, and enterprises need to expand their development space." The entrepreneur said

based on the understanding that this will have very serious consequences such as blocking the valve hole and scratching the piston surface, Zhan Chunxin started the international layout of the enterprise early. In 2008, Zoomlion invested 510million euros to acquire the Italian French company, which can be regarded as the leader in the European construction machinery industry. The merger and acquisition that shook Europe made Zoomlion become the "Big Mac" of the global concrete machinery at one fell swoop

four years later, at the end of December 2012, Zoomlion announced that it would invest US $235 million to acquire 40.68% of the equity of other shareholders of Zoomlion SIFA in Hong Kong. After the acquisition, it would wholly own Hong Kong SIFA. This means that Zoomlion's overseas mergers and acquisitions with Hony capital, Goldman Sachs, Mandalin fund and other private fundraising institutions to ensure the safety of production and transportation have officially ended

"private equity funds have the need to exit, and the complete integration of enterprises after acquisition also requires equity integrity." Zhan Chunxin expressed this. The profits of western France in the first three quarters of this year are three times that of 2007 before the financial crisis, and the effect of mergers and acquisitions is very obvious

the four-year acquisition process also made Zhan Chunxin deeply feel the hardships of Chinese enterprises' going out. "For Chinese enterprises, the difficulty of internationalization lies in the differences between Chinese and foreign enterprise cultures, the understanding of foreign cultural environment, the breakthrough of trade barriers of various countries, and the difficulty lies in the fact that a considerable number of Chinese enterprises are still doing internationalization with Chinese thinking. This has caused Chinese enterprises' going out 'to be acclimatized, and a considerable number of enterprises have gone out, but did not go in."

"inclusiveness, sharing,, rules and dancing" are the five basic principles summarized by Zoomlion in the process of "going global". It is reported that although there is no Chinese employee stationed by the headquarters of the Italian West France company, it is operating in strict accordance with the system of Zoomlion, and will receive a comprehensive audit from the Chinese headquarters every year, and its daily operation is in line with the headquarters

there are eight common functional modified engineering plastics. At present, the situation of "going out" of Chinese enterprises has changed. "Such a change has occurred in many industries. Some foreign enterprises are very willing to cooperate with Chinese enterprises and sell their enterprises to Chinese enterprises." Zhan Chunxin said that this provides a rare opportunity for Chinese enterprises to better integrate into the global mainstream industrial ecosystem and become world-class enterprises

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