Industry mergers and acquisitions, auto steel concentration will increase
Table Tennis,Table Tennis Table,Ping Pong Table,Outdoor Ping Pong Table QINGDAO SANJET NEW POWER MACHINERY CO., LTD. , http://www.sanjet.net
The Ministry of Industry and Information Technology and other 12 ministries and commissions jointly issued the "Guiding Opinions on Accelerating the Merger and Reorganization of Enterprises in Key Industries" (referred to as "Opinions"). The "Opinions" clarify that it is necessary to promote mergers and acquisitions of enterprises with the focus on industries such as automobiles and steel. The industry believes that the relevant measures have a significant effect on digesting excess capacity and improving the competitiveness of leading enterprises.
Promote the merger and reorganization of 9 major industries such as automobile and steel
According to the "Opinions of the State Council on Promoting Mergers and Acquisitions of Enterprises", the "Opinions" proposes to promote mergers and acquisitions of enterprises with the focus on automobiles, steel, cement, ships, electrolytic aluminum, rare earths, electronic information, medicine and agriculture.
In this regard, Zhu Hongren, director of the Office of the Ministry of Industry and Information Technology, said in an interview that the nine major industries and fields have a common feature, that is, the economies of scale are significant, but at present the organizational structure of these industries is not reasonable, the industrial concentration is not high, and the enterprises are small. Decentralization, low level of socialization and specialization, lack of large enterprises that can lead the healthy development of the industry, leading to prominent problems such as redundant construction, overcapacity and vicious competition.
According to the data of the Ministry of Industry and Information Technology, there are more than 500 crude steel production enterprises in China, with an average size of just over 1 million tons. The top 10 enterprises account for only 48% of the country's total output. In contrast, South Korea's Pohang Steel's crude steel production accounts for about 60% of South Korea's total, Germany's ThyssenKrupp, the US's US steel company, Russia's Xavier and other steel companies, crude steel production accounted for the total domestic The ratio of production exceeds 20%.
China's auto industry is also characterized by small, weak and scattered. According to statistics, there are more than 1,300 various types of vehicle manufacturers in China, including 171 automobile manufacturers, 120 motorcycles, more than 900 special vehicles, and 135 three-wheeled vehicles and low-speed trucks.
The Ministry of Industry and Information Technology believes that among the more than 1,000 enterprises, a number of enterprises have been in production or semi-discontinued for many years, with little or no output, and it is very difficult to survive.
Industry concentration target is clear
Zhu Hongren pointed out that for these industries with significant economies of scale, by promoting mergers and acquisitions, expanding and improving the Industrial Chain, increasing industrial concentration, promoting large-scale and intensive operations, and forming a group of large enterprises that play a leading role in the industry. It is conducive to adjusting and optimizing the industrial structure and promoting the sustainable and healthy development of the industry. At the same time, it can also explore experiences for other related work.
Due to the inconsistency of various industries, the "Opinions" combines the industry's own characteristics and development trends, as well as the actual situation of enterprises, respectively, to propose the industrial concentration of various industries and the scale indicators of leading enterprises, and clarify the development goals and priorities of mergers and acquisitions in key industries. task.
In the automotive, steel, cement, electrolytic aluminum and marine industries, the Opinions clarify that the industry concentration targets of the top 10 companies in the industry before 2015 are 90%, 60%, 35%, 90% and 70% respectively. . The goal for the pharmaceutical industry is that the top 100 companies account for more than 50% of the industry's sales.
In the fields of rare earths, electronic information and agriculture, the Opinions did not set specific concentration targets, but determined the scale indicators of leading enterprises.
In order to achieve the above objectives, the "Opinions" require that all regions promote policies and measures for mergers and acquisitions in the areas of finance, taxation, financial services, creditor's rights and debts, employee resettlement, land and mineral resources allocation, and support enterprises to carry out mergers and acquisitions. It also requires all localities to carefully clean up, revise and abolish various policies, regulations and practices that are not conducive to mergers and acquisitions of enterprises. In particular, we must resolutely abolish the regulations on the implementation of mergers and acquisitions by enterprises in the region that are restricted by foreign enterprises. At the same time, all localities are required to actively explore cross-regional enterprises to merge and reorganize inter-regional interest sharing mechanisms.