Last week, Tan Xuguang became party secretary and chairman of Shandong Heavy Industry Group Co., Ltd. This made him once again the focus of media attention.

At the 2009 business conference held in Weichai last year, Tan Xuguang proposed: "In 2008, Weichai's sales revenue exceeded 50 billion yuan, and we strive to exceed 100 billion yuan in 2012."

“At present, Shandong Heavy Industry Group is formulating a strategic plan with sales revenue of 100 billion yuan and entering the world’s top 500.” Tan Xuguang’s remark means that the establishment of Shandong Heavy Industry Group will enable Weichai to “break through 100 billion yuan in 2012”. The plan was speeded up.

1+1+1>3

According to background information, Shandong Heavy Industry Group is a state-owned sole proprietorship company formed by state-owned property rights of companies such as Weichai Holding Group Co., Ltd., Shandong Construction Machinery Group Co., Ltd. and Shandong Automotive Group Co., Ltd., and the Shandong State-owned Assets Supervision and Administration Commission fulfilled the investor's responsibility.

In addition, the state-owned shares of Shandong Dezhou Construction Machinery Co., Ltd., a subsidiary of Shandong Communications Industry Group, will also be assigned to Shandong Heavy Industry Group; Shandong Engineering Machinery Group will be cancelled. All claims and liabilities will be borne by Shandong Heavy Industry Group; Shandong Automobile Group will be renamed as Shandong Auto Parts. Group Co., Ltd.

According to analysts, this strategic restructuring involving more than 60 billion yuan of assets will affect the pattern of equipment manufacturing in China and even the world.

Tan Xuguang pointed out that the three companies have a strong correlation in the industry. Weichai Holding Group is famous for its engine production. After it was incorporated into the Hunan Torch Automotive Group Co., Ltd. in August 2005, it already had a complete heavy-duty automotive industry chain.

Shandong Construction Machinery Group is a dominant enterprise in the domestic high horsepower bulldozer industry. "It will continue to develop the bulldozer business. At the same time, it will also expand the scope of supporting systems for Weichai Power (000338 Quotes, Love Stocks, and Capital)." Tan Xuguang said.

“And Shandong Automotive Group has a number of passenger car parts companies, which are mainly concentrated in Qingdao, Weihai, Yantai. Hunan Torch Automotive Group Co., Ltd. was originally an auto parts company, after three years of integration, Weichai Holdings Group’s It also owns the business segment of passenger cars, including air conditioners, spark plugs, car transmissions, etc. After the establishment of the new group, the two passenger car parts segments will be integrated to create one of the largest passenger car parts in China. Group.” Tan Xuguang said.

As a result, the reorganized group companies of the three companies will exert synergies in terms of products, technology, marketing, services, and procurement.

In fact, this restructuring led by Weichai Holdings is likely to make Shandong's dream of creating a 100 billion yuan auto parts group come true.

Tan Xuguang said that Shandong Heavy Industry Group is currently formulating a strategic plan for 2012 with sales revenue of 100 billion yuan and entering the world top 500. According to last year, Weichai Holdings’ sales revenue was about 50 billion yuan, Shandong Construction Machinery Group was 7 billion yuan, and Shandong Automobile Group was 2 billion yuan. It is not difficult to achieve this goal.

Not "Lang Lang"

In 2008, the sales revenue of all mechanical industries in Shandong exceeded the trillion-billion mark to reach 1,090 billion yuan, ranking second in the industry in the country.

However, the “Eleventh Five-Year Development Plan for Shandong Machinery Industry” issued by the Shandong Provincial Economic and Trade Commission in 2008 pointed out that “at present, most leading enterprises have not yet reached the corresponding economic scale, and large enterprises that can support and drive the optimization and upgrading of industrial structure Less, especially the lack of large enterprise groups with prominent main business, strong core competitiveness, and strong promotion. The reorganization of Shandong Heavy Industry Group also originated.

This brings a question: Will the birth of Shandong Heavy Industry Group be a "Lang-Lang match" by the government to create a large-scale enterprise group?

In the face of questions from the media, Tan Xuguang said: "This reorganization is not a government-led match, but strategic resources are concentrated in leading companies in the financial crisis. The restructuring of the three companies has a strong synergy effect and there is no competition among the new group. Relationships: Weichai Power, owned by Shandong Heavy Industry, Shantui (000680 Quotes, Love Stocks, Capital), and Weichai Heavy Machinery (000880 Quotes, Love Shares, Capital), three independent listed companies, currently have no merger and reorganization plan.”

He pointed out that the new group will focus on strategic planning and do a good job in building a product R&D platform. “The new group has 4 national R&D centers and 6 provincial R&D centers.”

Tan Xuguang described a blueprint for the future development of the new group: Weichai Holding Group will become the world's largest power system manufacturing base; Shandong Construction Machinery Group will continue to maintain the status of the domestic bulldozer industry, and march into the world's strongest production capacity of 10,000 units. The ranks of enterprises; and with Shandong Auto Group as the main body, will fully integrate the auto parts resources distributed in each group of companies, and quickly form a group of passenger car parts resources with reasonable product layout, high system integration and low logistics cost within the group. platform.

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