Which Chinese auto parts manufacturer is good? Yingkou forging and pressing is strong. It has been engaged in press production for nearly 100 years
In 2015, there were many mergers and acquisitions in the auto parts industry. From the beginning of the year to the end of the year, there were nearly 50 merger and reorganization cases in the auto parts industry in 2015. Among them, more than half of the M & A and reorganization activities occurred in the field of traditional auto parts; From the perspective of subdivisions, except for the engine and transmission, they are mainly concentrated in the body and accessories such as interior and exterior decoration, aluminum castings and car seats.
For domestic auto parts enterprises, based on the expansion of the original business and the improvement of the market scale, it is still the mainstream idea of mergers and acquisitions. Of course, under the general tone of "change", new forms have also emerged: first, cross-border has become a major feature of this year's acquisition in the field of auto parts, seeking diversified development by expanding new businesses; Second, it is necessary to purchase foreign advantageous assets and technologies in a big way, and move forward to the "society" of supporting parts and components.
Strengthen the foundation and strengthen the foundation, and focus on strengthening the core business strength
On March 4, 2015, Zhejiang Yang transmission Co., Ltd. (hereinafter referred to as "Yang") signed an agreement with Geely Automobile to purchase Geely passenger vehicle transmission (5MT, 6mt) product production line and related assets; On November 24, Yang acquired transmission technology and production equipment of Chery automobile. Geely Automobile has a strong R & D and manufacturing capacity of manual transmission, while Chery automobile is one of the few domestic enterprises with CVT technology R & D and mass production capacity. The two acquisitions of transmission assets have not improved the technical level and R & D capacity of Yang passenger car transmission, but also laid a solid foundation for its supporting passenger cars.
In another domestic acquisition case, Xuchang far east transmission shaft Co., Ltd. acquired some operating assets of Xuchang Yuanbo Machinery Co., Ltd., including fixed assets, construction in progress, intangible assets and other assets related to operation, so as to extend its own industrial chain. As an enterprise producing thick wall steel pipes and precision steel castings for transmission shafts, Yuanbo machinery has advanced production lines, production technologies and processes. It plays an important role in reducing production costs, enhancing its own strength and coping with fierce market competition.
From the above acquisition cases, it can be seen that the domestic auto parts enterprises have clear objectives in M & A and reorganization, and pay great attention to selecting objects that can help enhance their core business strength, such as technology, process, production lines, and even fixed assets such as plants and land.
Opening up new territories and valuing the overall resources of the acquiree
The M & A cases in 2015 show that domestic parts enterprises are more and more good at "addition", and diversified development through M & A of new businesses, so as to cope with the risks brought by economic instability. At the same time, domestic enterprises have a long-term perspective when choosing the target of M & A, and they value the overall resource advantages, especially the supporting relationship.
On February 14, Changzhou Guangyang Bearing Co., Ltd. (hereinafter referred to as "Guangyang shares") acquired the equity of Tianjin Tianhai synchronizer. Guangyang Co., Ltd. is mainly engaged in bearing and other auto parts, and Tianjin Tianhai synchronizer is mainly engaged in the R & D, production and sales of the core component assembly of automobile transmission shift. What does Guangyang stock like? In addition to the products and technologies of various series of automobile synchronizers, planetary rows, rings and rings of thin-walled parts owned by Tianjin Tianhai synchronizer, which can expand its single industrial chain, the cooperation relationship between Tianjin Tianhai synchronizer and Volkswagen, the "three big" automobile manufacturers in the United States and supporting products for more than 50 key transmission enterprises at home and abroad is the expectation of Guangyang.
In addition, Yang also acquired Jinxing automobile interior Co., Ltd. On the surface, apart from increasing revenue sources, the automotive interior decoration business does not contribute much to the development of Yang. However, as mentioned above, Yang is seeking to enter the passenger car supporting market. In this way, the wealth of brilliance BMW, Beijing Benz, Beijing Hyundai, Chang'an, Chery, Jiangling, etc. owned by Jinxing automobile interior has become the "stepping stone" in Yang's eyes.