Accelerate the expansion of overseas rubber business
Addtime:2015-08-18 11:36:15 Source:蘭溪榮恩鋁輪有限公司 Hits:
By the end of 2014, during Chinese Premier Li Keqiang visited Thailand, and the Thai government signed a memorandum has two elements involving agricultural products: rice-for high-speed rail, high-speed rubber change.
It is reported that rubber aspect of the negotiation process extremely difficult. After much negotiation, the two sides signed a framework agreement, but the details are still to finalize the issue.
Chinese negotiators are Chinese company Sinochem, high-speed rail in the rubber exchange agreement, Sinochem will be responsible for the import 200,000 tons of rubber from Thailand. However, the rubber market in Thailand is higher than the international market price, in order to avoid price upside down, the two sides issue import prices were lengthy negotiations.
Expanding overseas business
As one of the earliest state-owned foreign trade enterprises, the long-term management of import and export trade of petroleum, fertilizer and other goods, but with the foreign trade system reform, enterprise development challenged. Now, Sinochem being around "along the way" to accelerate overseas business layout.
Sinochem International is the subsidiary of the listed company, the natural rubber in the proportion of international performance refrain.
Thailand is the world's largest rubber producer and exporter, the end of 2014, Thailand's Office of Agricultural Economics said it expects Thailand 2014/2015 annual rubber production will increase by 2.6% to 4.43 million tons. Despite difficult negotiations, but the technology is, and Thailand on cooperation in the rubber industry is an essential step in overseas strategy.
2004, in the beginning of the transformation of the rubber business, from simple trade diversion upstream processing sectors. Then, Sinochem International in Yunnan, Hainan acquired three private rubber producers. At that time, Chinese domestic rubber production capacity of only 60 million tons, while domestic demand has more than 2.5 million tons, more than 70% of foreign dependence.
China only in western Hainan, Yunnan Xishuangbanna Chau some land of resources can be planted rubber, high-quality resources basically in foreign countries. Built in China with an annual capacity of 100,000 tons after Sinochem International began preparing to expand overseas. 2007, Sinochem International acquired a factory in Malaysia, next year, Sinochem International acquired Singapore-listed company GMG, use GMG platform, and the acquisition of natural rubber in Thailand nasal Jude US line company in 2010. Two years later, China with 16 billion acquisition of International 35% stake in Belgian SIAT company, becoming its second largest shareholder.
Even in the industry trough, the pace of overseas expansion did not stop. Sinochem Group, Assistant to the President, the chairman of the international increase root Zhang revealed that future acquisitions will continue, and further strengthen the industry chain upstream resources. Sinochem International Natural Rubber 2015 sales target of 100 million tons.
Overseas development has not been smooth sailing
Tan Heng, general manager of Sinochem International de sermon, after the 2007 acquisition of Malaysia Omar Rubber Company, decided to dismiss the existing management team to take over their own factories, and later found that simply work. Acquisition of raw materials needed in the local network of people, even though the then high price, not decades of friendship, rubber farmers, gum are also reluctant to cooperate. After painful period of one year, pay the tuition, the company's original management team again, please come back, Sinochem only supported from the financial, management system, capital, market. Now, the plant is very stable and profitable.
After the vote in addition to control, as well as political and diplomatic issues to face. Sinochem International Natural Rubber business of growing and processing sectors, mostly in Southeast Asia and Africa. In some political and market environment is not very stable country, often facing great risk. Zhang said the root growth, Sinochem is working with partners to gradually form a unique mode of cooperation in order to reduce investment risk.
By the end of 2014, Sinochem Group's total foreign assets of over 250 billion yuan, the total assets of more than 70% the proportion of group profit of nearly 60 billion yuan, accounting for half of the group's total profits.
For some companies, overseas assets and revenue accounted for the proportion of total revenue, it is often used to measure the degree of external business development overseas. But now, the important issue is not just overseas strategic income and assets, how to integrate into the local community, may be the central business localization to learn a lesson.
Sinochem each to a new place, will be in-depth understanding of local religious customs. Zhang extraneous roots, said: "not only to learn the local language, but also know the basic behavior and values of local people."