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Ministry of Information and Industry: The Government Is Paying More Attention to Formulating Stricter Environmental Protection Standard to Support Steel Enterprises to Transfer to Overseas Countries a

Ministry of Information and Industry: The Government Is Paying More Attention to Formulating Stricter Environmental Protection Standard to Support Steel Enterprises to Transfer to Overseas Countries and Regions

December 23, 2013 16:08 Source: www.custeel.com

Ministry of Information and Industry: Support Steel Enterprises to Go Out to Transfer to Overseas Countries and Regions

Miao Changxing, the Deputy Director-General of Industry Policy Department of Ministry of Information and Industry, points out that facing the overcapacity in the steel industry, China speeds up to eliminate backward enterprises as well as supports steel enterprises to go out to transfer to overseas countries and regions.

Miao Changxing also says that the development of global steel enterprise is unbalanced that the markets of developing steel industry in Southeast Asia, Central Africa, Africa and other regions are pretty huge; therefore, enterprises should focus on Silk Road Economic Belt, Sino-African cooperation, CAFTA and other development opportunities to strengthen the communication with countries in Central Asia, Southeast Asia and Africa. They should also adopt various modes with the infrastructure construction as the device, such as aid construction, joint venture cooperation and construct outbound processing and sales center.

For the overcapacity problem of Chinese steel industry, Miao Changxing holds the opinion that it is occurred because it lacks leading enterprises, the development order is chaotic and the industry outlet guided by dominant enterprises is not formed. Under such kind of condition, it should eliminate the merging and reorganization obstacles of cross-region enterprises, accelerate supporting strength of fiscal finance, promote land management and employer settlement policy and promote merging and reorganization of enterprises.

In addition, Miao Changxing also says that the government will strictly implement special emission restriction requirements through upgrading energy consumption and pollutant emission standard in the next step. It will also strengthen law enforcement force and speed up to eliminate a batch of backward production capacity by applying differential electric price, water price and other differential price policies. The environmental emission standard will be the important base of eliminating backward production capacity in the 13th Five-Year Plan period, and the government is paying more attention to formulating new stricter environmental protection standard. (Author: Chen Shanshan Source: www.yicai.com)

 

 

 

Overseas Merge of Chinese Enterprises Is Increased by 50% This Year, Which Raises the Most Dazzling Chinese Wind

February 15, 2016 08:23 Source: www.custeel.com

Sina US Stock news Bloomberg reports on Feb.15 that two global consultant companies- Deloitte and Price Waterhouse Coopers think that overseas merge of Chinese enterprises will refresh the historical record this year.

Tang Mengguang, the director of East China area of Deloitte China Financial Consultant Service, says that the amount of overseas merge trade announced by Chinese companies will increase by over 50% compared with last year, and insurance, precision device and consumption industry will become the investment hot area during the interview. Huang Yaohe, the director of China Enterprise Financing Department of Price Waterhouse Coopers, says in another interview that more and more trades with huge amount push overseas merge to the new height, and some buyers are the returning customers in the merge market.

Purchasing European and American technologies and brands, pushing the upgrade of Chinese industry and ensuring the grain supply of 1.4 billion people is the main driven force that Chinese enterprises achieve overseas ambitions. Since this year, China National Chemical Corporation has planned to merge Syngenta (80.86, 0.33, 0.41%)- the Swiss pesticide giant with 43 billion USD, which creates the history of the merge scale of Chinese enterprises. Besides, Qingdao Haier agrees to merge the electrical appliance business of American GE (28.26, 0.81, 2.95%) with 5.4 billion USD.

According to the data of Bloomberg, the amount of overseas merge trade announced by China in 2015 reached 123.9 billion USD, which was doubled compared with previous year and created the highest record since it has the data record. While, only one and half months passed this year, the amount has reached 70.8 billion USD, which is almost half of last year.

Chinese enterprises created overseas merge amount record in 2015

The enthusiasm of go out of Chinese enterprises make merge become the focus of business expansion of many consultant institutions, and they all increase employees. Huang Yaohe says that due to the strategic improvement of One Belt, One Road, his department employs specialized talents in infrastructure construction industry this year, and it is recruiting talents in the merge of financial industry. The Chinese Enterprise Financing Department led by Director Huang is one of the financial consultants of Qingdao Haier merge case.

 “Merge is a huge market in China, Tang Mengguang of Deloitte says, it needs more human forces to facilitate.

As the price of bulk commodities declined, China plans to implement China Made 2025 to push the development of high-end equipment industry. The hot area of Chinese enterprise overseas merge has changed from resource types two years ago into technology. As one of the most active buyers, China National Chemical Corporation agreed to merge KraussMaffei Group which is the Germany mechanical manufacturer, and the trade value was about 1 billion USD.

Both Huang Yaohe and Tang Mengguang say that, more merge trades in 2016 may be happened in high-tech industry. It is popular that make progress along the overall orientation of China and make use of national policies, and it will continue this year, says Mr. Tang. In addition, insurance and other financial service industries, food industry, hotel, restaurant and other leisure industries will be the hot area of overseas merge for Chinese enterprises this year.

Tang Mengguang and Huang Yaohe say that for big enterprises with complete financial ability and normal cash flow, the decline of stock market and shrank market value wont influence their merge and financing. Tang also says that the performance of domestic listed company will be upgraded by gaining excellent business with pretty low PE; at the same time, it can make the high A share PE lower to attract more investors to intervene.

They say that depreciation degree of RMB will not be huge based on the market expectation; therefore, it is not the decisive factor of Chinese overseas merge trend.

Nisha Gopalan, the author of special column Gadfly of Bloomberg, issued an article in Jan. 28 that the depreciation of RMB and its further depreciation expectation would push more Chinese enterprises to exercise overseas merge to realize the goal of maintaining value.

 

 

 

Domestic Steel Capacity Is Seriously Excessive Ansteel and Other Steel Enterprises Build Overseas Factories 

June 19, 2015 Source: www.custeel.com

In the past, Chinese steel factories would like to buy mines in overseas countries; but now, considering the domestic steel capacity is already seriously excessive, more and more Chinese steel factories build overseas steel factories.

According to the report of Bisnis Indonesia, China Ansteel plans to build steel factory in Indonesia. The report cited the words of ImamHaryono, who is the director of Industry Department that Ansteel Group would build a steel factory in Morowwali in Central Sulawesi Province of Indonesia with the annual production capacity of 5 million tons, and the company would use coal-fired power generation.

In the afternoon of June 18, internal employees of Ansteel Group said to the journalist of China Business News, that for the foreign investment of Ansteel Group, if they sign official cooperation agreement, at least they have background material, but up to now, we have not received any news of this project; if the project is existed, we cannot know the progress.

Ansteel Group also tried to build steel factories in overseas countries. It is said that Ansteel Group once intended to invest and build steel factory in America, but the plan was not exercised due to the objection of American Congress.

According to the reorganization of the journalists of China Business News, besides Ansteel Group wants to layout steel production bases in overseas countries, many Chinese steel factories also plan to build factories in Southeast Asia, Africa, West Asia and other regions.

Take Indonesia as example. In Jan.28 last year, Nanjing Steel Company once exposed that it was planned to invest and build steel factory in Medan with GGS Company (Indonesia Wulong Medan Steel Factory subordinated to Indonesia Gunung Steel Group). Based on the plan, the project tried to reach the production scale of 1 million tons of steels, irons and materials in 5 years. It was planned to invest 80 million USD in one phase and reach the production scale of 500,000 tons of steels, irons and materials, which was planned to be built in 3 years.

When some analysts receive the interview, they say China wants to build overseas factories because it feels satisfied with the demand of target places. For example, Indonesia is located in Southeast Asia that the iron demand is huge, especially with the continuous expansion of its economy, vehicle, boat manufacturing and mechanical industry will become the main force to push the future growth of its iron material demand.

It is reported that up to now, except Krakatau Steel Company (hereinafter referred as Krakatau Steel), other majority steel enterprises are in small enterprise scale. Based on the open data, Krakatau Steel is the biggest steel enterprise in Indonesia. Until the end of 2013, its production capacities of crude steel and cast iron were about 5.9 million tons and 5 million tons respectively, which were almost the half of the total Indonesia steel production capacity.

Hebei Province is the one with the most steel factories, and its cases of building overseas steel factories are also the most. In order to defuse large steel capacity, Hebei Provincial Government issued Promotion Plan for Outbound Transmission Work of Excessive Capacity in Steel, Cement, Glass and Other Advantageous Industries in Hebei Province last year. The plan cleared that The steel should focus on Southeast Asian, African and West Asian countries, encourage Hebei steel enterprises to combine outbound mineral resources development and outbound resources deep processing, develop mineral resources in the areas with bountiful mineral resources, invest and build steel production and processing bases, prolong smelting and processing industry chain and expand steel sales trade.

Among these projects, some projects have been started, including: 600,000 tons of mill coil project built in Thailand by Xingtai Delong Steel Company, Thailand Permsin Steel Company and another enterprise; Bazhou Xinya Metal Products Co., Ltd. purchases 30% shares of Indonesia Java Pacific Co., Ltd. to expand the construction of galvanized band steel and furniture project. In addition, some projects will be built continuously, including the annual capacity of 2 million tons steel factory project in Indonesia in the first phase jointly ventured by Wuan Yongcheng Casting Industry Co., Ltd. and Indonesia Lippo Group and annual capacity of 300,000 tons steel factory project built by Qinhuangdao Tonglian Group and Laos Pacific Mineral Industry Co., Ltd.

Compared with those projects in Southeast Asia, Hebei Steel Group chooses to build factory in Africa. Just in last month, the third batch of staff of South Africa steel project went to South Africa, who would implement various construction conditions in the address choosing report one by one.

In September last year, Hebei Steel Group signed MOU on the Cooperation of South Africa Steel Project of Hebei Steel Group with South Africa Industry Development Company and Sino-African Development Fund, which marked the official start of 5 million tons of South Africa steel project. It is also the biggest whole process steel project built in overseas countries.

However, just as the risk of overseas mining, building overseas steel factories is not smooth.

For example, Indonesia has its high volatile coal resource, which is near to Australia, so the import of raw materials is very convenient. However,  for the Chinese investment, the biggest obstacle is infrastructure. It shall see that steel factory in built in which island, as some islands lack electricity, and railways and roads are needed to be built.

 

 

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