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The status quo and achievements of the development of engineering machinery such as tower crane parts in China

February 08, 2023


Chinese construction machinery companies that have grown up in the rapid construction of China for decades have now become full-fledged and are increasingly looking to the world. With the beginning of the Chinese Year of the Dragon, Chinese construction machinery companies have gone out of the sea and launched a sweeping operation against the global engineering machinery giant. The foreign masters who used to stand up in the high mountains in China, under the influence of many factors such as the European debt crisis and their own operations, eventually lowered their noble heads.

Compared with the mineral resources and the acquisition of automobiles, the triumph of the overseas acquisition of China's construction machinery industry has made people more excited. However, in addition to excitement, we need to be soberly aware that although the snake-like mergers and acquisitions are commendable, they are also the most vulnerable when they are rounded up by food.

The domestic market ceiling forced engineering machinery enterprises to fight for overseas financial capital to help not bad money

The European debt crisis has caused most European companies to face the dilemma of falling product sales, thus providing Chinese companies with M&A opportunities.

At the beginning of the new year in 2012, China's tower crane parts http:// and other engineering machinery industry's overseas mergers and acquisitions will be connected to the next two cities. After Sany Heavy Industry acquired the German concrete machinery giant Putzmeister, Liugong, the leader of the domestic construction machinery industry, announced on February 1 that it would end up with RMB 335 million and repay debt reduction. Finalized the acquisition of the HSW Construction Machinery Business Unit project in Poland.

In addition, there is also news that Xugong Group, which is a Chinese construction machinery giant with Sany Heavy Industry, is maintaining close contact with a second-ranked company in the industry. It is rumored that the acquisition is under negotiation. If successful, it will become the third important overseas M&A in China's construction machinery industry after Zoomlion acquired the 3rd Italian CIFA in the global concrete machinery market in 2008 and the first German Putzmeister in the industry after Sany Heavy Industry acquired in 2012. .

In addition to the above-mentioned overseas M&A projects, other well-known enterprises such as tower crane parts and other construction machinery are also interested in investing overseas.

The European debt crisis has caused most European companies to face the dilemma of falling product sales, thus providing Chinese companies with opportunities for mergers and acquisitions. In addition, the rapid development of the domestic industry has caused a relatively large domestic production capacity, which is also a major factor for enterprises to invest in overseas mergers and acquisitions.

The industry's three giants to build a corporate aircraft carrier

In the past five years, the pace of Chinese enterprises going abroad has been accelerating. The cumulative foreign direct investment has reached 220 billion US dollars, and the global ranking has jumped from the 18th to the 5th. These five years are also five years in which the construction machinery industry has accelerated investment overseas. Since 2011, many construction machinery companies have targeted overseas markets and accelerated the pace of opening up overseas markets.

Since 2008, Zoomlion acquired the Italian CIFA, the third-ranked global concrete machinery company. In January 2012, Shandong Heavy Industry announced that its Weichai Group is buying Italian luxury yacht manufacturer Ferretti, and Ferretti offers 350 million euros. It plans to sell 75% of its equity to Shandong Heavy Industry, including trademarks, shipyards, and sales networks.

In addition, in May and June 2011, Shandong Shantui (South Africa) Co., Ltd. and Shantui Russian Co., Ltd. were successively established, marking the international layout of Shantui Co., Ltd., and the pace of internationalization is accelerating. At the same time, Beijing Heavy Industry also successfully acquired Japan Nagano Industrial Co., Ltd. in 2011.

At the beginning of 2012, after more than a year of negotiations, Liugong’s acquisition of the Polish HSW Civil Engineering Machinery Division was finally completed.

The most shocking thing is that Sany Heavy Industry has acquired the industry's number one German Putzmeister at lightning speed.

What is even more exciting is that after Zoomlion and Sany Heavy Industry have successively ranked the first and third Italian CIFAs and Putzmeister in the industry, they have recently passed one of the Big Three. Xugong Group is maintaining close contact with a company ranked second in the industry. It is rumored that the acquisition is being negotiated. Once successful, it represents an internationally renowned company in China's construction machinery industry that is likely to breed three aircraft carriers.

The investment of the three major engineering machinery giants in the overseas market is invaluable to the development of the company itself. Technology, market and management are all major upgrades. At the same time, overseas investment also has hidden risks. At present, the main investment There are mergers and acquisitions, self-built factories, and so on.

Xie Jiaxuan believes that with the acceleration of the international market, investment in overseas markets will accelerate in the future, because the overseas market of international giants accounts for the majority of the entire market. Therefore, in the future, if mainland enterprises want to become international giants, the expansion of overseas markets cannot be achieved. avoid.
'The status quo and achievements of engineering machinery development such as Chinese tower crane parts
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