It is reported that China National Chemical Corporation intends to � 925 million acquisition of Germany-based machine giant rubber KraussMaffei Group. By doing so, China will strengthen the position in the global plastics machinery market. Industry insiders believe that China is not only from the world's largest plastics machinery market will also become some of the world's leading technology, an important developer and operator.
Chinese chemical industry in the former Ministry of Chemical Industry-owned enterprise established on the basis of the central enterprises, was founded in 2004 and headquartered in Beijing, with production, R & D base and marketing system in 150 countries and regions, China's largest chemical company, the world's top 500 Article 265, the global chemical industry ranked No. 9, the main business in materials science, life sciences, high-end manufacturing and basic chemicals. In the field of high-end manufacturing, China's rubber machinery chemical equipment, chemical machinery business active in the domestic market.
In recent years, Sinochem Group has been actively seeking overseas acquisitions, even in the industry trough, its overseas expansion pace has never stopped. Earlier, China Chemical acquisition of France, Britain, Israel, Italy and other countries of the eight industry leader. Recently, the company is to acquire Sinochem Singapore rubber companies HalcyonAgri negotiations.
Sinochem Group, which is not only a company acquired another company, but contains meaning national level. Chinese industry executives to be seen as the acquisition of the international industry an important measure. In 2007, China produced 16% of the world's plastics machinery. In 2011, thanks to the rapid growth of domestic and foreign investment, which accounted for 30% of global production presses, to overtake Germany as the largest manufacturer of presses. These figures show that China's plastics machinery industry is emerging.
Although China also has indigenous technology, but mainly in the non-high-end market, the gap between domestic and imported high-end plastics machinery machinery is still there. Xiao Bian that, although at the moment to talk about the success of the acquisition may be premature, but it indicates that China is trying to move to high-end manufacturing.
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