Chang'an Industrial Park, North Fujian, Ben Ben Automobile Production Line Scene
Yesterday, the reporter learned from the China Corps Group that its subsidiary China Southern Industrial Automobile Co., Ltd. had been cancelled and replaced by the newly established China Changan Automobile Group. "The new group is a holding group with the goal of operating in the automotive industry chain. It will help bring together the automotive business resources of the Bing Group and promote the rapid development of the Group's automobile industry," said a related person in the Military Equipment Group. In the industry, it is generally believed that the establishment of "CSR" less than 4 years ago was related to its failure to go public in Hong Kong.
Rename
The original crew did not change
"Five days ago, we had already completed the name change procedure at the State Administration for Industry and Commerce." Yesterday, relevant person in charge of the China Corps Group told reporters that on July 1st, it was a happy day for the 10th anniversary of the establishment of the China Weaponry Equipment Corporation. The State Administration for Industry and Commerce also formally approved it. China Southern Industrial Automobile Co., Ltd., a subsidiary of the Armed Forces Group, has officially changed its name to "China Chang'an Automobile Group Co., Ltd." and is headquartered in Beijing. According to relevant responsible person of the Corps Group, the newly established “China Chang’an Auto Group†has not made any adjustments in the personnel organization compared with the previous Southern Autos, and the office has not changed. “In the name, it only changed one piece. Signboard only." The reporter learned from various sources that Xu Bin, general manager of the China Ordnance Equipment Group Corporation and party secretary of the Party Group, will still serve as the chairman of the new group, and that former president of the South Automobile Yin Jiaxu will also serve as president of the new group. “Some other vice presidents of CSR have not adjusted, and Xu Liuping, chairman of Changan Automobile Co., Ltd., will also assume the position of senior vice president of the new group,†said the relevant person in charge of the Corps.
New Group has 10 companies in Chongqing
It is understood that China Chang'an Automobile Group has a complete vehicle production base in Chongqing, Nanjing in Jiangsu Province, Nanchang in Jiangxi Province, Baoding in Hebei Province and Taiyuan in Shanxi Province. The product range includes passenger cars, commercial vehicles, special-purpose vehicles, and engines and other hundreds of related auto parts of independent brands and joint-venture brands, and has “vertical integrationâ€, that is, the production capacity from the core components to the entire vehicle.
“Most of the assets of the Corps Group are in Chongqing.†According to relevant person in charge of the Corps Group, in Chongqing, in addition to Changan Automobile Co., Ltd. and its four joint ventures, Chongqing Southern Dima Special Vehicle Co., Ltd., Chongqing There are five special vehicles and parts companies such as Qingshan Transmission Company and Chongqing Changfeng Diverter Company.
purpose
Accelerate the pace of mergers and expansion
Under the background of the State's "Auto Industry Adjustment and Revitalization Plan", combined with the development trend of the global automotive industry, the Army Corps decided to change the name of the Southern China Automobile Group to "China Chang'an Automobile Group," in order to strengthen and expand the automobile industry of the Armed Forces Group. Relevant person in charge of the Corps Group stated that after the establishment of the new group, it will enhance the competitive advantage of the group's auto industry chain with Changan Automobile as its core, as well as the brand value and influence of “Chang'anâ€, and accelerate the internationalization of Chang’an brand.
“The establishment of the China Changan Automobile Group, a holding group with the goal of operating in the automotive industry chain, is to bring together the automotive business resources of the Bingzhuang Group and promote the rapid development of the Group’s automobile industry.†The person in charge said that the state encourages Chang’an Group to accelerate cross-regional mergers and reorganizations. The pace of the new group will also begin preparations in the future, attack.
Xu Liuping, chairman of Changan Automobile, apparently welcomes mergers and reorganizations. At the Changan Micro-Vehicle Marketing Conference in 2009, Xu Liuping had publicly stated that “2009 will be the acquisition year of Chang’an.†He said that many auto companies have suffered serious losses. They used to rely on external blood transfusions, but long-term blood transfusions are definitely not feasible. , It is a good choice to conduct industry restructuring and mergers and acquisitions. Xu Liuping declined to disclose the target company for the Changan acquisition.
planning
Continue to promote overall listing
Nanfang Automobile is a unit of the China Military Group Corp. to restructure its automotive and parts business and resources to raise funds in the capital market to make Changan Automobile bigger and stronger, in line with the overall listing of major auto groups. Formally established in January 2006, it is the largest minivan and second-largest minivan manufacturer in China with a total asset of RMB 51 billion. Its headquarters is in Beijing. “Southern Automotive has already given up its overall listing plan for listing in Hong Kong or overseas.†In the two months before the rename, the industry has been circulating this statement. The reasons for the termination of the listing of Southern Motors have not been explained by the authorities. Industry speculation that this change of name is related to the failure of the overall listing. Yesterday, the CEO of Zhaozhuang Group, Zhao Xing, told reporters that after the establishment of China Changan Automobile Group, it will continue to promote the overall listing plan of the group, which will include its cars, commercial vehicles, mini vehicles, utility vehicles, special vehicles and all auto parts. All assets are injected into it.
stand by
Or get giant funding to develop
According to reports, the automobile industry is one of the pillar industries of the Bingzhuang Group and is an important part of the industry strategy of the Bingzhuang Group. The Corps Group stated that China Chang'an Automobile Group will use Chongqing Chang'an Automobile Co., Ltd. ("Changan Automobile", stock code 000625) as the core vehicle company of the Group, and is committed to the development of its core business, consolidating and improving micro-vehicles, and quickly Cars will be developed with a focus on heavy-duty vehicles and will build the China Changan Automobile Group into a world-class international automotive company.
In addition, the reporter learned that after the establishment of China Changan Automobile Group, it will also enter the automobile service industry while accelerating the development of core components. “CSR’s rebranding can be seen in the emphasis placed on the Chang’an by the CSB Group. Moreover, it is very difficult to name the company “China†now and it can be approved by the State Council. It shows that the development of Chang’an in recent years has attracted the attention of the Central Government.†The relevant person in charge of Changan Automobile stated that after the establishment of the new group, it will provide Chongqing Chang'an with key support in terms of development funds. The specific number in the next two or three years is still not clear.
Yin Jiaxu, deputy general manager of China Corps Group, said on July 4th last year that "China's well-known state-owned enterprises in Chongqing Investment Development Seminar" said that the group will invest 40 billion yuan in investment in the next five years, including investment in the automotive sector. Accounted for 28 billion yuan.
Depth
The rapid development of private enterprises forcing the reform of central enterprises
“From the frequent integration of its automobile and motorcycle assets by the Military Equipment Group, it has already reflected the drastic reforms of the central enterprises.†Yesterday, Yin Mingshan, Chairman of Lifan Group, said in an interview that the Chinese Military Equipment Group has integrated all of its cars, The motorcycle industry will have a major impact on itself, industry, and private enterprises.
Yin Mingshan said that the Corps Group is itself the largest motorcycle manufacturer in China, and is also a heavyweight company in the Chinese automotive industry. “After internal reforms and integration of related businesses, a unified management system, R&D center, and supporting procurement will be formed, which will save A large number of resources."
It is understood that China’s Ordnance Equipment Group has already begun its actions in integrating its motorcycle industry. On June 28, the Corps Group established the Southern Motorcycle Division of the China Corps Group, replacing the former China Motorcycle Corps Motorcycle Industry Office. , comprehensively started to integrate motorcycle business work,
“Private automobile and motorcycle enterprises have developed rapidly in recent years. For example, BYD, Geely, Dachangjiang, Lifan, Longxin and other well-known privately-owned automobile and motorcycle pioneers have already formed a strong competition for the old state-owned automobile and motorcycle companies.†BYD Auto Relevant person in charge believes that the heavy equipment of the Armed Forces Group was widely seen as a revival reform of the central enterprises.
"These integrations will make our private enterprises more competitive." Yin Mingshan said that private enterprises must also continue to deepen reforms and internal adjustments in order to increase the company's competitive advantage in the market.
View related topics: China's auto industry recommence mergers and acquisitions wave
Fiber Glass Felt,Waterproof Glass Fiber,Fiberglass Roofing Tissue Felt,Fiberglass Chopped Strand Mat
Puyang Ruidaxu New Materials Company Ltd , https://www.pyruidaxu.com