Editor's Note: In the face of the global financial crisis, the impact on China's economy has deepened. In order to understand the actual impact of the financial crisis on the economic operation of the machine tool industry, we have taken targeted measures to promote the implementation of the adjustment and revitalization plan of China's machine tool industry, and the National Development and Reform Commission. Commissioned by the Industry Coordination Division, the China Machine Tool Industry Association organized a research activity on the machine tool industry from May to June 2009. Under the leadership of the main leaders of the association, eight research groups were formed, which were divided into Northeast China - Tianjin, Northwest, Hubei - Sichuan, Shandong - Henan - Shanxi, Anhui - Jiangsu, Shanghai - Zhejiang - Guangdong, Hunan - Guangxi, Ningxia - In Yunnan and other places, 114 research activities were carried out on machine tool industry. The investigation targets state-owned holding companies, collective holding companies, privately-held enterprises, Hong Kong, Macao and Taiwan-controlled enterprises, and foreign-controlled enterprises. The products include metal cutting machine tools and metal forming. Machine tools, special processing machines, CNC systems, measuring tools and functional components. Through this survey, we have further understood the economic operation status and problems of industrial enterprises, collected opinions and requirements of enterprises for revitalizing the equipment manufacturing industry, and jointly discussed measures and suggestions for responding to the current financial crisis, providing valuable value for government department decision-making. Information. The research activities have achieved positive results.
From the beginning of this issue, according to the "achievements of the enterprise", "the impact of the financial crisis on the Chinese machine tool industry", "accelerate technological transformation is an effective means to overcome the crisis" and "hot topics and recommendations of the industry" For continuous publication, please pay attention.
Part I: Achievements of the company
1. Significant achievements in independent innovation Since 2000, with the support of rapid growth for many years, the machine tool industry has invested more energy and financial resources in technological innovation and achieved good results. It is reflected in the improvement of the industry's innovation capability and the acceleration of the industrialization process of independent innovation achievements; a group of advanced new products have been put into research and development, filling the gaps in the country; a large number of marketable new product formation capabilities, Meet the urgent needs of national key projects.
For example, Wuhan Heavy Machine Tool Group Corporation invested 62.98 million yuan in product research and development and technological innovation in 2008, accounting for 5.7% of sales revenue. Developed special processing equipment for nuclear power and wind power, marine cylinder liners, crankshafts, special equipment for propeller processing, special equipment for processing such as railway turnouts, wheels, and locomotive bodies. Jinan No. 2 Machine Tool Group Co., Ltd. has developed a car cover stamping production line, a mechanical five-axis linkage CNC gantry moving boring and milling machine, a CNC high-speed floor milling and boring machine, and a double-gantry mechanical five-axis linkage CNC boring and milling machine. Shenyang Machine Tool Group Co., Ltd. is aiming at the development of large-scale aircraft manufacturing, railway, nuclear power, wind power, shipbuilding and military industry in key national projects. The products are high-grade and large-scale, forming an industrial scale and replacing imports, achieving results. The gantry five-axis machining center, turning and milling center, nine-axis five-link turning and milling machine tool, high-speed high-precision and large-scale horizontal machining center developed by Dalian Machine Tool Group Co., Ltd., high-speed, high-precision and large-size five-axis Vertical machining centers, CNC floor milling and boring machining centers, CNC horizontal milling and boring machines, flexible manufacturing units and other high-performance products to meet market demand. Beijing No.1 Machine Tool Plant has developed a numerically controlled bridge gantry turning and milling machine with a gantry span of more than 10m and a five-axis linkage function, and a numerically controlled bridge double-gantry boring and milling machine with a gantry beam span of 9m. Qizhong CNC Equipment Co., Ltd. quickly launched a special series of machine tools for wind power manufacturing. Qiqihar Second Machine Tool Group Co., Ltd. focuses on the development of new products such as 5m turning and milling machining center, 2500t multi-station mechanical press and 2600t multi-link press. Sichuan Changzheng Machine Tool Group Co., Ltd. has developed a series of heavy-duty milling and turning machining center, beam moving gantry machining center series, five-coordinate beam moving gantry machining center, heavy-duty steam turbine rotor wheel groove special CNC milling machine series, high-speed high-precision vertical machining center and other high-tech products. . Qinchuan Machine Tool Group Co., Ltd. has developed high-end products such as large-scale precision gear grinding machine, large-scale gantry type milling and boring compound machining center, CNC blade grinding machine, tangent point tracking grinding machine and CNC special grinding machine. Tianshui Forging Machine Co., Ltd. has developed a large-diameter straight seam submerged arc welded pipe production line and a large-scale CNC shearing center. Tianjin Tianforging Press Co., Ltd. has obtained 359 patents, including 85 invention patents, and developed “hull plate forming hydraulic pressâ€, “grinding wheel product hydraulic pressâ€, “heavy-duty isothermal forging series hydraulic pressâ€, “electrode preparation CNC hydraulic press production lineâ€, “ New products such as hydraulic products for composite products and flexible manufacturing systems for sheet metal forming machines. Tianshui Xinghuo Machine Tool Co., Ltd. has developed ultra-long special seamless steel tube processing equipment, super-heavy-duty CNC precision marine sheet rolling equipment, large-scale CNC super-precision Fresnel lens processing equipment, and turning and milling composite machining centers. Baoji Machine Tool Group Co., Ltd. has developed high-end products such as CNC turning machining unit, six-axis four-link CNC turning and milling center, and high-speed door type vertical machining center with spindle speed up to 30000r/min. Hanchuan Machine Tool Co., Ltd. has developed 11 large-scale gantry machining centers. Hanjiang Machine Tool Co., Ltd. completed the development of new products such as 10m screw grinder, 10m CNC cylindrical grinder, CNC worm grinder, CNC internal thread grinder and CNC cyclone milling machine. Shanghai Machine Tool Works Co., Ltd. has developed an ultra-heavy CNC roll grinder and a new crankshaft grinder. Shanghai Tool Factory Co., Ltd. develops a domestic high-performance five-axis linkage tool grinding machine. Shanghai Heavy-duty Machine Tool Plant has developed a 2.5×16m domestic largest-size dynamic beam type CNC guide rail grinding machine. The first batch of high-speed railway track plate grinding machines developed by Hangzhou Machine Tool Group Corporation and Weihai Huadong CNC Co., Ltd. Jinan Foundry and Forging Machinery Research Institute has developed "automatic cylinder and cylinder head casting production line" and "heavy truck stringer complete production line". Texas Pleasant Machinery Manufacturing Co., Ltd. has developed a large-scale CNC deep hole drilling and boring machine with a maximum hole diameter of 1 m and a depth of 18 m. Guangzhou CNC Equipment Co., Ltd. has successfully developed a prototype of industrial robots and is developing a precision injection molding machine. Guangdong Gaoxin Kate Precision Machinery Co., Ltd. has developed a series of high-speed, heavy-duty, precision roller guides. Ningbo Haitian Precision Machinery Co., Ltd. and Zhejiang Rifa Digital Precision Machinery Co., Ltd. respectively developed large-scale portal milling machines and large-scale floor boring machines. Jiangxi Jack Machine Tool Co., Ltd. developed a new type of cam grinding machine for domestic CNC system. Zhejiang Kaida Machine Tool Co., Ltd. has developed and applied CNC systems, servo motors, CNC tool holders, hydraulic parts and frequency converters, and trial-produced large-scale CNC lathes and large-scale milling machines. Zhejiang Lianqiang CNC Machine Tool Co., Ltd. has developed a large-scale CNC special machine tool. Taian Hualu Forging Machine Co., Ltd. has developed the largest domestic 21m CNC marine coiling machine, 180mm large-scale CNC horizontal down-regulating three-roller bending machine and large-scale CNC sheet metal leveling machine.
In addition to the above, there are still many companies that have not been able to list good projects due to space limitations. In general, these projects fill the domestic gap and reach advanced levels, meeting the urgent needs of aerospace, electronics, shipbuilding, power generation equipment, high-speed railways, automobiles, construction machinery, agricultural machinery, home appliances and other equipment manufacturing. Most of the above projects can be applied for major national special projects or the first set of demonstration projects, and strive for state financial support, thereby accelerating the industrialization process and improving the international competitiveness of CNC machine tools in China.
2. Significant improvement in product structure Over the years, new products developed by independent innovation have laid a good foundation for the adjustment of product structure. Many enterprises have reflected that many varieties of high-end CNC machine tools and high-end measuring tools developed in recent years have become the national key projects. Critical equipment that is urgently needed. From the perspective of the whole industry, the product structure is in a state of three less than three: the production of low-end and large-scale goods is less, the production of medium-to-high-end and special-purpose products is more; the production of ordinary machine tools is less, the production of numerical control products is more; the old products are less, new There are more products. For example, from January to April of 2009, Shenyang Machine Tool Group Corporation achieved a numerical control rate of 56%, of which 59% in April, up 5 percentage points year-on-year. From January to April 2009, Dalian Machine Tool Group Co., Ltd. produced 3,332 sets of high value-added products such as CNC lathes, machining centers, combined machine tools and flexible manufacturing lines, a year-on-year increase of 57%, which increased the numerical control rate of production value to 60.6% and increased by 16% year-on-year. Percentage points. Qizhong Numerical Control Equipment Co., Ltd. has formed a full-scale production pattern of heavy-duty machine tools with heavy-duty vertical lathes as the leading factor, meeting the urgent needs of national development. In 2008, Qier Machine Tool Group Co., Ltd. produced 318 heavy-duty milling and boring machines, large-scale vertical lathes and large-scale mechanical presses, creating the world's largest annual output of heavy-duty machine tools. From January to April 2009, the output of small and medium-sized machine tools was compressed by 50%, and the output value of heavy-duty CNC products accounted for 95% of the total output value of the company. Beijing No.1 Machine Tool Plant has reduced the production of ordinary machine tools and small and medium-sized machine tools, and has made remarkable achievements in expanding the production of super-heavy and high-performance machine tools. From January to April 2009, the numerical control output rate reached 76.4%, an increase of 12.7 percentage points year-on-year. Qinghai Huading Industrial Co., Ltd. closely tracks the fields of nuclear power, hydropower and wind power, develops compatible precision compound processing machine tools, and super-heavy-duty CNC horizontal boring lathes. It has developed various high-grade CNC railway special machine tools around the rapid development of China's railways. The sustainable development of the company has laid a solid foundation. Kunming Machine Tool Co., Ltd. of Shenyang Machine Tool Group has carried out product structure adjustment, upgrading old products, upgrading products to numerical control, large-scale and precision development. The production of ordinary horizontal trampolines has dropped significantly, and the sales of CNC machine tools have been significantly improved. The average rate of the first quarter reached more than 90%. Hanchuan Machine Tool Group Co., Ltd. has developed 27 new products such as gantry machining center, floor milling and boring machining center and vertical CNC lathe according to market demand. In 2008, 90 new products were sold, and new product sales revenue It increased by 46.5% year-on-year. The proportion of high-tech, high value-added work and measuring tools products of Haliang Group and Shanghai Tools Factory Co., Ltd. has rapidly increased. The output ratio of CNC, complex and special-shaped tools of Hanjiang Tools Factory Co., Ltd. is over 95%. In short, the adaptability adjustment of the machine tool industry to meet market changes has made the overall industry's profit decline to a small extent. In the situation of deepening financial crisis, it has not hurt the main body of the machine tool industry and maintained the safe operation of the national economy.
3. Progress in corporate restructuring There have been new developments in industrial restructuring. First of all, the optimization and restructuring of domestic enterprises is accelerating, and some new combinations have emerged in the reorganization of cross-ownership, which is eye-catching. Second, international M&A work is also actively and cautiously carried out. Through enterprise restructuring and structural adjustment, we will promote the organic combination of internal and external enterprises, and lay a certain foundation for establishing a new industrial structure, improving development capabilities, achieving large-scale production and enhancing international competitiveness.
Recently, Qizhong Numerical Control Equipment Co., Ltd. was acquired and controlled by Zhejiang private Tianma Group; Qier Machine Tool Group Co., Ltd. and Harbin Measuring and Cutting Tool Group Co., Ltd. were acquired by China General Technology Corporation and became its subsidiary; Hangzhou Machine Tool Group Corporation and Zhejiang Economic Construction The investment company (state-owned enterprise) set up Hangzhou Hangji Co., Ltd., Hangzhou Machine Tool Group invested in excellent assets, and the state-owned Zhejiang Economic Construction Investment Company became the largest shareholder of Hangzhou Hangji Co., Ltd.
Foreign acquisitions in the machine tool industry have also made progress. Since the financial crisis, some of China's machine tool backbone enterprises have paid close attention to the development of the international machine tool industry, and timely and conditionally acquired overseas machine tool enterprises that are in trouble. In October 2008, Tianshui Xinghuo Machine Tool Co., Ltd. acquired 81% of the shares of French SOMAB and also participated in a 25% stake in German WMH. So far, China's machine tool industry has 8 companies that have acquired (controlled) 11 overseas famous machine tool companies.
Most of the above-mentioned domestic enterprises involved in mergers and acquisitions are enterprises with strong strength in the machine tool industry. The overseas enterprises acquired by M&A have strong technical and brand advantages. After the merger, both companies have begun to benefit. Although affected by the financial crisis in 2008, most of the overseas mergers were operating well. For example, Coburg, Germany, which was acquired by Beijing No. 1 Machine Tool Plant, produced and sold sales in 2002 at 2.3 times and 2 times respectively in the year of mergers and acquisitions (2005), and profits were five times that of the year of mergers and acquisitions. In the same year (2005), the acquisition of Hess, a company acquired by Shenyang Machine Tool Group Co., Ltd., achieved sales revenue of 19 million euros. In 2006, 2007 and 2008, sales revenue increased by 79%, 28% and 20% respectively.
4. Good industrial agglomeration effect There has been a new change in the industrial cluster area of ​​the machine tool industry. Jiangsu Yangzhou forming machine tool gathering area, some well-known enterprises have developed well; Suzhou-Taixing electric processing machine tool cluster area enterprises have been greatly affected by the financial crisis; a group of emerging machine tool enterprises in Taizhou, Zhejiang Province has risen; Zhejiang Jingyun County Huzhen has gathered more than 30 sawing machines Manufacturing enterprises, the value of sawing machines accounts for about 70% of the total sawing machines in the country; the forging machine tools around Jinan, Shandong Province have developed rapidly, and a number of powerful enterprises have been formed; the development of machine tool enterprises in the Pearl River Delta region of Guangdong Province also has the characteristics of rapid response. (to be continued)
From the beginning of this issue, according to the "achievements of the enterprise", "the impact of the financial crisis on the Chinese machine tool industry", "accelerate technological transformation is an effective means to overcome the crisis" and "hot topics and recommendations of the industry" For continuous publication, please pay attention.
Part I: Achievements of the company
1. Significant achievements in independent innovation Since 2000, with the support of rapid growth for many years, the machine tool industry has invested more energy and financial resources in technological innovation and achieved good results. It is reflected in the improvement of the industry's innovation capability and the acceleration of the industrialization process of independent innovation achievements; a group of advanced new products have been put into research and development, filling the gaps in the country; a large number of marketable new product formation capabilities, Meet the urgent needs of national key projects.
For example, Wuhan Heavy Machine Tool Group Corporation invested 62.98 million yuan in product research and development and technological innovation in 2008, accounting for 5.7% of sales revenue. Developed special processing equipment for nuclear power and wind power, marine cylinder liners, crankshafts, special equipment for propeller processing, special equipment for processing such as railway turnouts, wheels, and locomotive bodies. Jinan No. 2 Machine Tool Group Co., Ltd. has developed a car cover stamping production line, a mechanical five-axis linkage CNC gantry moving boring and milling machine, a CNC high-speed floor milling and boring machine, and a double-gantry mechanical five-axis linkage CNC boring and milling machine. Shenyang Machine Tool Group Co., Ltd. is aiming at the development of large-scale aircraft manufacturing, railway, nuclear power, wind power, shipbuilding and military industry in key national projects. The products are high-grade and large-scale, forming an industrial scale and replacing imports, achieving results. The gantry five-axis machining center, turning and milling center, nine-axis five-link turning and milling machine tool, high-speed high-precision and large-scale horizontal machining center developed by Dalian Machine Tool Group Co., Ltd., high-speed, high-precision and large-size five-axis Vertical machining centers, CNC floor milling and boring machining centers, CNC horizontal milling and boring machines, flexible manufacturing units and other high-performance products to meet market demand. Beijing No.1 Machine Tool Plant has developed a numerically controlled bridge gantry turning and milling machine with a gantry span of more than 10m and a five-axis linkage function, and a numerically controlled bridge double-gantry boring and milling machine with a gantry beam span of 9m. Qizhong CNC Equipment Co., Ltd. quickly launched a special series of machine tools for wind power manufacturing. Qiqihar Second Machine Tool Group Co., Ltd. focuses on the development of new products such as 5m turning and milling machining center, 2500t multi-station mechanical press and 2600t multi-link press. Sichuan Changzheng Machine Tool Group Co., Ltd. has developed a series of heavy-duty milling and turning machining center, beam moving gantry machining center series, five-coordinate beam moving gantry machining center, heavy-duty steam turbine rotor wheel groove special CNC milling machine series, high-speed high-precision vertical machining center and other high-tech products. . Qinchuan Machine Tool Group Co., Ltd. has developed high-end products such as large-scale precision gear grinding machine, large-scale gantry type milling and boring compound machining center, CNC blade grinding machine, tangent point tracking grinding machine and CNC special grinding machine. Tianshui Forging Machine Co., Ltd. has developed a large-diameter straight seam submerged arc welded pipe production line and a large-scale CNC shearing center. Tianjin Tianforging Press Co., Ltd. has obtained 359 patents, including 85 invention patents, and developed “hull plate forming hydraulic pressâ€, “grinding wheel product hydraulic pressâ€, “heavy-duty isothermal forging series hydraulic pressâ€, “electrode preparation CNC hydraulic press production lineâ€, “ New products such as hydraulic products for composite products and flexible manufacturing systems for sheet metal forming machines. Tianshui Xinghuo Machine Tool Co., Ltd. has developed ultra-long special seamless steel tube processing equipment, super-heavy-duty CNC precision marine sheet rolling equipment, large-scale CNC super-precision Fresnel lens processing equipment, and turning and milling composite machining centers. Baoji Machine Tool Group Co., Ltd. has developed high-end products such as CNC turning machining unit, six-axis four-link CNC turning and milling center, and high-speed door type vertical machining center with spindle speed up to 30000r/min. Hanchuan Machine Tool Co., Ltd. has developed 11 large-scale gantry machining centers. Hanjiang Machine Tool Co., Ltd. completed the development of new products such as 10m screw grinder, 10m CNC cylindrical grinder, CNC worm grinder, CNC internal thread grinder and CNC cyclone milling machine. Shanghai Machine Tool Works Co., Ltd. has developed an ultra-heavy CNC roll grinder and a new crankshaft grinder. Shanghai Tool Factory Co., Ltd. develops a domestic high-performance five-axis linkage tool grinding machine. Shanghai Heavy-duty Machine Tool Plant has developed a 2.5×16m domestic largest-size dynamic beam type CNC guide rail grinding machine. The first batch of high-speed railway track plate grinding machines developed by Hangzhou Machine Tool Group Corporation and Weihai Huadong CNC Co., Ltd. Jinan Foundry and Forging Machinery Research Institute has developed "automatic cylinder and cylinder head casting production line" and "heavy truck stringer complete production line". Texas Pleasant Machinery Manufacturing Co., Ltd. has developed a large-scale CNC deep hole drilling and boring machine with a maximum hole diameter of 1 m and a depth of 18 m. Guangzhou CNC Equipment Co., Ltd. has successfully developed a prototype of industrial robots and is developing a precision injection molding machine. Guangdong Gaoxin Kate Precision Machinery Co., Ltd. has developed a series of high-speed, heavy-duty, precision roller guides. Ningbo Haitian Precision Machinery Co., Ltd. and Zhejiang Rifa Digital Precision Machinery Co., Ltd. respectively developed large-scale portal milling machines and large-scale floor boring machines. Jiangxi Jack Machine Tool Co., Ltd. developed a new type of cam grinding machine for domestic CNC system. Zhejiang Kaida Machine Tool Co., Ltd. has developed and applied CNC systems, servo motors, CNC tool holders, hydraulic parts and frequency converters, and trial-produced large-scale CNC lathes and large-scale milling machines. Zhejiang Lianqiang CNC Machine Tool Co., Ltd. has developed a large-scale CNC special machine tool. Taian Hualu Forging Machine Co., Ltd. has developed the largest domestic 21m CNC marine coiling machine, 180mm large-scale CNC horizontal down-regulating three-roller bending machine and large-scale CNC sheet metal leveling machine.
In addition to the above, there are still many companies that have not been able to list good projects due to space limitations. In general, these projects fill the domestic gap and reach advanced levels, meeting the urgent needs of aerospace, electronics, shipbuilding, power generation equipment, high-speed railways, automobiles, construction machinery, agricultural machinery, home appliances and other equipment manufacturing. Most of the above projects can be applied for major national special projects or the first set of demonstration projects, and strive for state financial support, thereby accelerating the industrialization process and improving the international competitiveness of CNC machine tools in China.
2. Significant improvement in product structure Over the years, new products developed by independent innovation have laid a good foundation for the adjustment of product structure. Many enterprises have reflected that many varieties of high-end CNC machine tools and high-end measuring tools developed in recent years have become the national key projects. Critical equipment that is urgently needed. From the perspective of the whole industry, the product structure is in a state of three less than three: the production of low-end and large-scale goods is less, the production of medium-to-high-end and special-purpose products is more; the production of ordinary machine tools is less, the production of numerical control products is more; the old products are less, new There are more products. For example, from January to April of 2009, Shenyang Machine Tool Group Corporation achieved a numerical control rate of 56%, of which 59% in April, up 5 percentage points year-on-year. From January to April 2009, Dalian Machine Tool Group Co., Ltd. produced 3,332 sets of high value-added products such as CNC lathes, machining centers, combined machine tools and flexible manufacturing lines, a year-on-year increase of 57%, which increased the numerical control rate of production value to 60.6% and increased by 16% year-on-year. Percentage points. Qizhong Numerical Control Equipment Co., Ltd. has formed a full-scale production pattern of heavy-duty machine tools with heavy-duty vertical lathes as the leading factor, meeting the urgent needs of national development. In 2008, Qier Machine Tool Group Co., Ltd. produced 318 heavy-duty milling and boring machines, large-scale vertical lathes and large-scale mechanical presses, creating the world's largest annual output of heavy-duty machine tools. From January to April 2009, the output of small and medium-sized machine tools was compressed by 50%, and the output value of heavy-duty CNC products accounted for 95% of the total output value of the company. Beijing No.1 Machine Tool Plant has reduced the production of ordinary machine tools and small and medium-sized machine tools, and has made remarkable achievements in expanding the production of super-heavy and high-performance machine tools. From January to April 2009, the numerical control output rate reached 76.4%, an increase of 12.7 percentage points year-on-year. Qinghai Huading Industrial Co., Ltd. closely tracks the fields of nuclear power, hydropower and wind power, develops compatible precision compound processing machine tools, and super-heavy-duty CNC horizontal boring lathes. It has developed various high-grade CNC railway special machine tools around the rapid development of China's railways. The sustainable development of the company has laid a solid foundation. Kunming Machine Tool Co., Ltd. of Shenyang Machine Tool Group has carried out product structure adjustment, upgrading old products, upgrading products to numerical control, large-scale and precision development. The production of ordinary horizontal trampolines has dropped significantly, and the sales of CNC machine tools have been significantly improved. The average rate of the first quarter reached more than 90%. Hanchuan Machine Tool Group Co., Ltd. has developed 27 new products such as gantry machining center, floor milling and boring machining center and vertical CNC lathe according to market demand. In 2008, 90 new products were sold, and new product sales revenue It increased by 46.5% year-on-year. The proportion of high-tech, high value-added work and measuring tools products of Haliang Group and Shanghai Tools Factory Co., Ltd. has rapidly increased. The output ratio of CNC, complex and special-shaped tools of Hanjiang Tools Factory Co., Ltd. is over 95%. In short, the adaptability adjustment of the machine tool industry to meet market changes has made the overall industry's profit decline to a small extent. In the situation of deepening financial crisis, it has not hurt the main body of the machine tool industry and maintained the safe operation of the national economy.
3. Progress in corporate restructuring There have been new developments in industrial restructuring. First of all, the optimization and restructuring of domestic enterprises is accelerating, and some new combinations have emerged in the reorganization of cross-ownership, which is eye-catching. Second, international M&A work is also actively and cautiously carried out. Through enterprise restructuring and structural adjustment, we will promote the organic combination of internal and external enterprises, and lay a certain foundation for establishing a new industrial structure, improving development capabilities, achieving large-scale production and enhancing international competitiveness.
Recently, Qizhong Numerical Control Equipment Co., Ltd. was acquired and controlled by Zhejiang private Tianma Group; Qier Machine Tool Group Co., Ltd. and Harbin Measuring and Cutting Tool Group Co., Ltd. were acquired by China General Technology Corporation and became its subsidiary; Hangzhou Machine Tool Group Corporation and Zhejiang Economic Construction The investment company (state-owned enterprise) set up Hangzhou Hangji Co., Ltd., Hangzhou Machine Tool Group invested in excellent assets, and the state-owned Zhejiang Economic Construction Investment Company became the largest shareholder of Hangzhou Hangji Co., Ltd.
Foreign acquisitions in the machine tool industry have also made progress. Since the financial crisis, some of China's machine tool backbone enterprises have paid close attention to the development of the international machine tool industry, and timely and conditionally acquired overseas machine tool enterprises that are in trouble. In October 2008, Tianshui Xinghuo Machine Tool Co., Ltd. acquired 81% of the shares of French SOMAB and also participated in a 25% stake in German WMH. So far, China's machine tool industry has 8 companies that have acquired (controlled) 11 overseas famous machine tool companies.
Most of the above-mentioned domestic enterprises involved in mergers and acquisitions are enterprises with strong strength in the machine tool industry. The overseas enterprises acquired by M&A have strong technical and brand advantages. After the merger, both companies have begun to benefit. Although affected by the financial crisis in 2008, most of the overseas mergers were operating well. For example, Coburg, Germany, which was acquired by Beijing No. 1 Machine Tool Plant, produced and sold sales in 2002 at 2.3 times and 2 times respectively in the year of mergers and acquisitions (2005), and profits were five times that of the year of mergers and acquisitions. In the same year (2005), the acquisition of Hess, a company acquired by Shenyang Machine Tool Group Co., Ltd., achieved sales revenue of 19 million euros. In 2006, 2007 and 2008, sales revenue increased by 79%, 28% and 20% respectively.
4. Good industrial agglomeration effect There has been a new change in the industrial cluster area of ​​the machine tool industry. Jiangsu Yangzhou forming machine tool gathering area, some well-known enterprises have developed well; Suzhou-Taixing electric processing machine tool cluster area enterprises have been greatly affected by the financial crisis; a group of emerging machine tool enterprises in Taizhou, Zhejiang Province has risen; Zhejiang Jingyun County Huzhen has gathered more than 30 sawing machines Manufacturing enterprises, the value of sawing machines accounts for about 70% of the total sawing machines in the country; the forging machine tools around Jinan, Shandong Province have developed rapidly, and a number of powerful enterprises have been formed; the development of machine tool enterprises in the Pearl River Delta region of Guangdong Province also has the characteristics of rapid response. (to be continued)
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