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From the perspective of domestic corporate mergers and acquisitions, Sinochem’s reorganization of Juhua Group, CNOOC’s reorganization of China National Chemicals Supply and Marketing Corporation, Double Star Group’s acquisition of Dongfeng Tire, and Nanfeng Chemical’s transfer of China’s salt industry are all indications of a changing domestic situation. Industry is experiencing the evolution of business growth.
In contrast, the acquisition and restructuring of Chinese chemical assets is also a more convenient way for transnational chemical companies to enter the Chinese market. For example, in order to complete the plan for the importation, BASF acquired Huaxi Concrete Admixture Co., Ltd.; Univar of the United States made its first acquisition in China and Shanghai Jinxing Chemical Co., Ltd., which is engaged in the distribution of chemicals and coatings, was acquired. Bayer, Degussa, LANXESS, DSM, Cooper Tire and a number of companies have already established a platform for development in China.
As the industry figures have stated, domestic and foreign chemical giants have completed the gradual occupation of the market through acquisitions. For these companies, the acquisition can make them obtain the market faster. Through further integration, it can be completed in China. Market channels. This is a common method adopted by chemical companies at home and abroad to open the market.
Chemical Assets M & A Tide Starts
Whether it is a domestic company or a multinational corporation, it seems that in 2007 it had done enough articles in the acquisition of domestic chemical assets. These domestic and foreign companies are unanimously optimistic about the development of China and have jointly raised the tide of chemical mergers and acquisitions in China and hope to quickly occupy China. market. Of course, there is also a lot of cooperation between giants at home and abroad.