Adjust the instrument in 2009 foreign investment in China strategic industries – instruments, meters – Machinery Industry
In 2009, domestic Instrumentation Industry continued in the golden period of development. According to Apparatus Meter Industry Association latest statistics, 1 May 2009, Instrument industry reached 104 billion yuan output value, up 28%; Pin Sales revenue reached 98.1 billion yuan, up 28.1%; profit of 68 billion yuan, up 44.5%.
China Instrument Association Deputy Secretary-General Dongjing Chen predicted that full year 2007 growth rate of the instrument industry will remain high, will remain the lowest growth rate last year, even higher than last year's growth rate may also be 2 ~ 4 percentage points.
Thus, instrumentation industry has been high for six consecutive years to keep the economy running state.
"This is our last year's expected that some deviations. We originally estimated the growth rate will decline this year, but now appears, instrumentation industry, the growth rate has not slowed down. I think for two main reasons One country's economy is still running high; according to past experience, if GDP growth in more than 10%, the instrument industry growth rate of 26% and 30%. Second, the national macro-control on the instrument industry there is a lag effect, instrument often works late in delivery, therefore, because of macro-control policy instruments to reduce investment in the industry this year will not be much impact. "Dongjing Chen said.
However, despite the instrumentation industry in 2009 still continues the trend of rapid development in the past, but also showed some new trends different from the past.
Adjust foreign investment strategy in China
Foreign companies began to change the original instrument in order to form oriented wholly-owned investment. These changes are mainly manifested in two aspects, first began to focus on mergers and acquisitions of domestic excellent manufacturers, and second, increasing the proportion of commissioned production.
Last couple of years, foreign-funded enterprises a wide range of excellent business contacts with China, to acquire the interest. However, not much success. So far, the domestic industry's leading instrumentation companies Xinhua part of the company only acquired by GE. However, according to people familiar with that, said the acquisition was not given after the acquisition has brought rapid development of Xinhua.
In fact, the outstanding foreign acquisitions of domestic enterprises is not easy. At present, the Government's support for instrumentation industry growing, only the first half of last year and this year, the ministry has set up six research projects on the instrument, government financial support more than 100 million yuan. This unprecedented support, so that the outstanding instrument manufacturers have a broader space for development.
In addition, more and more foreign companies began to use in the domestic production of commissioned processing methods, such as Siemens, Honeywell and so are looking for domestic enterprises, commissioned the production of their products. Dongjing Chen said that this instrument of domestic manufacturing enterprises, is a good thing, you can commission the production process, according to the quality requirements of international famous enterprises, and constantly enhance their skills. The most typical example is that of electromagnetic flowmeter as a commissioned Siemens units, Rip Beijing Sanyuan Company currently own electromagnetic flowmeters manufactured products has started exporting to Europe.
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