Machine tool companies accelerate capital operations Rio Tinto emerging markets

Looking back at 2014, China's machine tool industry is under pressure and the overall situation is still in the downside. From January to October 2014, the revenue from the main business of the whole industry increased by 0.2% year-on-year, and the revenue from the main business of metal processing machine tools decreased by 1.8%. In the context of the continued sluggish market demand, the production and sales of machine tools in China have continued to decline. At the same time, the increase in finished goods inventory and the negative growth of profits have led to the industry's loss level continuing to be at a high level, and industry enterprises are generally experiencing financial constraints and operational difficulties.

In the continuous downturn of the domestic market, in 2014, China's machine tool companies have used capital to accelerate capital operations to open up emerging markets. On the one hand, through overseas mergers or acquisitions or investment in building factories, actively introducing advanced technologies, vigorously exploring overseas markets, and strengthening exports are becoming a powerful means for domestic machine tool enterprises to resolve excess capacity and achieve industrial transformation and upgrading. In 2014, it also became a year of growth in China's machine tool exports. From January to October 2014, China's machine tool industry's exports maintained steady growth, with total exports reaching US$9.57 billion, a year-on-year increase of 23.7%. On the other hand, mergers and acquisitions among domestic machine tool companies have also been in full swing. Through capital operation, the company broadens the industrial layout, enters the emerging industry market, and transforms and upgrades the product structure of the enterprise to open up new profit growth points for the enterprise.

Nissin Seiki: Acquisition of Italian MCM Company

In order to seize the market of digital equipment in the field of aerospace assembly, on May 7, 2014, Nissin Seiki acquired an 80% stake in Italian MCM, relying on its advantages in the processing of high-alloy parts such as aluminum and titanium. Comprehensive layout of the aerospace industry.

As the world's leading manufacturer of horizontal machining centers, MCM's products include large machining centers, heavy-duty machine tools and related automation components. It has high-precision, high-flexibility, high-reliability and high-efficiency performance. The ability of the solution, the products are widely used in aviation, weapons, automobiles, energy and other fields. MCM has many world-renowned customers, and its product quality and technical strength are at the international advanced level, especially in the aviation industry. By acquiring MCM and integrating brand resources, Nippon Seiki can quickly improve the international image of “Japan”, help the company to quickly enter the European and American markets, and quickly acquire strategic resources for the development of aviation digital equipment business, and seize market opportunities. .

Beiping Machine Tool: The overall acquisition of German Schneider Machine Tool

On May 15, 2014, Zhejiang Taizhou Beiping Machine Tool Co., Ltd. signed an acquisition agreement with Schneider Machine Tool Co., Germany. At this point, Beiping Machine Tool acquired 3 million euros in Germany, a professional manufacturer of old grinding machines with a history of nearly 100 years, which became the first company in the local machine tool industry to implement overseas mergers and acquisitions.

Founded more than 20 years ago, Beiping Machine Tool has more than 30 patents and produces more than 30 different sizes of grinding machines with an annual output value of more than 40 million yuan. Founded in 1919, Schneider Machine Tool Co., Ltd. has a strong research team, and the level of grinding technology is among the top five in Germany with high equipment technology. After the merger, through the technical exchanges, off-site training, on-site guidance and other initiatives, Beiping Machine Tool will absorb the advanced equipment level and management experience of German companies, and strive to achieve a leap in the overall technology of the company in 3 to 5 years. At the same time, Beiping Machine Tool will take advantage of the brand and network advantages of German Schneider Machines in Germany to accelerate the pace of development in the international market.

Dalian Machine Tool: Tripartite cooperation to build a factory in Russia, creating a new model of “going out”

In November 2014, Dalian Machine Tool Group announced that it has teamed up with China Poly Group and Russia National Technology Group Machine Tool Industry Co., Ltd. to form a CNC machine tool manufacturing company in Russia. The CNC machine tool manufacturing company established in Russia will mainly produce CNC machine tools developed by Dalian Machine Tool and have a modern level to meet the needs of the Russian market.

This cooperation is different from the previous implementation of M&A in “going out”. Dalian Machine Tool will realize “going out” of capital, management and technology. The initial investment of the CNC machine tool enterprise in Russia is estimated to be 300 million US dollars. It is estimated that the annual sales income will reach 300 million US dollars in the year. The implementation of this project is of great significance to consolidate and strengthen Sino-Russian cooperation, seize opportunities to expand the share of Chinese machine tools in the Russian market, and promote China's high-end equipment manufacturing industry to the world. This move has created a new model for China's equipment manufacturing industry to “go global” and opened up a new era for China's machine tool industry. Its multinational construction also highlights the substantial improvement in the strength of China's equipment manufacturing industry.

Hefei shares, Ningbo Jingda: successful listing, popular with funds

Especially worthy of industry attention, in November 2014, two other companies in the machine tool industry successfully listed. On November 7, Hefei Forging Machine Tool Co., Ltd. (hereinafter referred to as “Hefei Forging”) A shares were listed on the Shanghai Stock Exchange, with an initial public offering of 45 million shares; on November 11, Ningbo Jingda Forming Equipment Co., Ltd. Hereinafter referred to as "Ningbo Jingda", it is also listed on the Shanghai Stock Exchange. The company's initial public offering of shares does not exceed 20 million shares. As a new share, the shares of the two companies, Hefei Forging and Ningbo Jingda, were sought after by the funds in the secondary market. The joint forging shares created a good performance of 19 consecutive daily limit.

Foxconn: Acquisition of 80% stake in Hongqing Precision Machinery

On November 12, 2014, the signing ceremony of Foxconn Investment Hongqing Precision Machinery was held in Anqing. In this investment, Foxconn's blessing technology company acquired 80% of the shares of Hongqing Precision Machinery. Located in Anqing Economic and Technological Development Zone, Hongqing Precision Machinery Co., Ltd. is a Sino-foreign joint venture specializing in the production of CNC machine tools, precision machinery and its automation systems. The products developed by the company, such as CNC numerical control systems and servo drive systems, have strong market competitiveness. . Next, Foxconn intends to expand production of robotic servo systems and automation of key components in Anqing. This series of actions marks Foxconn's strategic shift from “Made in China” to “Made in China”.

Yawei shares: acquisition of Wuxi Chuangkeyuan, entering the laser cutting market

On December 17, 2014, Jiangsu Yawei Machine Tool Co., Ltd. (hereinafter referred to as “Yawei Shares”) purchased 94.52% of the shares of Wuxi Chuangkeyuan Laser Equipment Co., Ltd. (hereinafter referred to as “Wuxi Chuangkeyuan”). The acquisition will help improve the asset quality of Yawei's shares, improve the company's financial position and enhance the company's continued profitability.

Wuxi Chuangkeyuan has a certain brand awareness in the field of 3D laser cutting. This acquisition will make Yawei's industrial chain more complete. On the basis of the traditional machine tool business, it will enter the laser cutting market, serve automobile manufacturers, and improve the company. Product structure, open up new profit growth points. At the same time, this acquisition will also help Yawei to improve the company's product line and deepen the industrial robot business. The product of Wuxi Chuangkeyuan is a typical application of multi-axis robot system integration. The acquisition is beneficial to Yawei to expand the industrial robot system integration business and improve the business chain.

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