Weichai promotes transformation and upgrading: overseas M&A + smart manufacturing
Weichai carries out overseas merger and acquisition strategy The pace of internationalization of Weichai has been growing faster and faster in recent years. Overseas revenue has become an important driving force for the Group's sales growth. Weichai actively pursued overseas mergers and acquisitions in 2008 and successively acquired a number of leading international companies and brands, including the acquisition of Baudouin, the largest supplier of marine engine systems in France in January 2009, and the acquisition of the famous Italian yacht manufacturer and brand Farah in January 2012. Emperor, in September of the same year, took over the German KION Group and acquired Linde Hydraulics, its leading manufacturer of hydraulic systems. In addition, in June last year, the subsidiary KION Group wholly acquired Dematic, the US logistics technology company.
Active overseas mergers and acquisitions focus on the opportunity of the Belt and Road
In the past many successful overseas acquisitions and cooperation projects, Weichai has become one of the most complete engine companies in the world, and it is also the only company in China that owns four major businesses including complete vehicles, powertrains, luxury yachts and auto parts. Platform's business.
China’s “One Belt and One Road†strategy has successfully promoted the economic and trade cooperation between China’s equipment manufacturing industry and Asia, Africa and Europe. Weichai is one of the leading companies in the industry. In recent years, companies along the “One Belt and One Road†have been developing in a merger, reorganization, joint venture, or collaboration. The overseas projects including Baudouin, Ferretti, Linde Hydraulics etc. all contributed to the Group's profitability. Last year, Weichai’s overseas project revenue in the “Belt and Road†exceeded RMB 60 billion, accounting for more than 40% of the total turnover.
Achieve smart manufacturing to help transform and upgrade
On the other hand, Weichai always regards technological innovation as the company's core competitiveness and driving force for development, and has spared no effort to promote the rapid development of enterprises through smart manufacturing. "Made in China 2025" has once again become the focus of the two sessions this year. Premier Li Keqiang emphasized the need to deepen the transformation of traditional industries, regard the development of intelligent manufacturing as the main direction, and accelerate the application of technologies such as big data, cloud computing, and the Internet of Things. In the face of another transition in China's industry, Chairman Tan Xuguang said that the rapid development of Weichai in the past decade has benefited from transformation and upgrading, and the way out for the future is also being nurtured and embodied in the new transformation and upgrading.
Weichai and China Telecom Establish Strategic Partnership
In recent years, Weichai Group has actively adopted the latest Internet information technology to increase the intelligent transformation and upgrade of the equipment manufacturing industry by increasing research investment. For example, Weichai Group and China Telecom have established a strategic partnership in the “Internet+Intelligent Manufacturing†field earlier. The two parties will jointly research the application of Industrial Internet in the group's production line, use digital optical network, wireless communication, Internet of things technology and big data to create digital production lines, smart factories and smart products, and build industrial big data platforms and enterprise-level mobile application platforms. Industrial cloud platform and so on.
Thanks to the application of informatization technology, Weichai Group, as a leader in the industry, first launched the “Smart Power Platform†intellectual creation concept for resource sharing and win-win development in 2015, integrating Weichai for more than ten years. The exploration achievements in the field coincided with the connotation of "Made in China 2025" proposed by Premier Li Keqiang and became the forerunner in the industry in exploring smart manufacturing practices.
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