Although the rumors about the Dongfeng Group’s integration with Fuqi Group have been heard for a long time, the details of the reorganization between the two parties have always been “still in full glory†and the time for the two parties to sign the agreement “has not come out.â€
“Dongfeng's restructuring of Fuqi is a twist on the twists and turns, because the middle relationship is too complicated. It involves multiple interests in the equity and different partners. In addition to state-owned and private enterprises, there are two Taiwanese companies.†According to one person, it is close to Fuqi. According to informed sources from the Group, the Dongfeng Group has already reached a preliminary agreement on the reorganization of Fuzhou Automobile Co., Ltd. However, due to the fact that the Taiwanese capital companies Yulon Motors and China Motors still have details “negotiating†on the reorganization, the signing time Delayed again and again.
Full re-integration
According to media reports, Dongfeng Motor Group and Fuqi Group planned to formally sign the contract on September 17 after both sides held the company strategic cooperation framework agreement at the end of August. However, the signing of the agreement between the two parties did not take place as expected by all parties.
Regarding the temporary cancellation of the signing ceremony and the new changes in the details of cooperation between the two parties, Dongfeng and Fuqi related parties refused to disclose more information.
“There is no definitive information yet.†A few days ago, the relevant person in charge of the Dongfeng Motor Group stated that the specific time for signing the agreement between the two parties was “not confirmed for the time beingâ€; and the reporter has repeatedly called Lim Xiaoqiang, chairman of the Fuqi Group, and the other party stated that they are meeting. Inconvenient calls have never been a positive response to reorganization-related issues.
Previously, people in the industry speculated that the scope of this cooperation between Dongfeng and Fuqi was mainly aimed at the passenger vehicle business dominated by Southeast Automotive, while commercial vehicles and other business segments would not be involved for the time being. In the future, Fuqi Group will achieve the separation of assets. The passenger vehicle business is classified as Dongfeng's “autonomyâ€, while its passenger vehicles, light trucks and parts and components business continues to be controlled by Fuqi Group.
However, according to people familiar with the matter, the Dongfeng reorganization of Fuqi was not "half-swallowing," but "taking a whole and reintegrating it."
The person familiar with the matter told the reporter that the main intention and goal of Dongfeng’s restructuring of Fuqi is to restructure the entire vehicle structure of Fuqi Group. At present, the two parties have reached a preliminary framework for the reorganization method, the proportion of both parties’ equity, and the organizational structure, etc. Near the end, "only involved in too many relationships, some shareholders have not yet negotiated benefits," and signing the contract is only a matter of time.
Equity relationship complex
Although the industry generally believes that reorganization of Fufeng by Dongfeng has been a “stuck†matter, the complicated equity relationship may become a hurdle for this reorganization, and it is also related to whether the “love†of both parties in the future can “achieve a positive resultâ€. The key lies.
In fact, the complex internal equity of Fuqi Group has been considered as one of the major obstacles to its development. In particular, its main business, Southeast Automotive, is owned by Fuqi, Mitsubishi and “Zhonghua†with shares of 50%, 25% and 25%, respectively. Due to the dispersion of equity, it is difficult to coordinate the interests. In recent years, Mitsubishi Motors and China Mobile's parent company Yulon Group have lost patience. Mitsubishi Rayon and Guangzhou Automobile have set up Guangqi Mitsubishi, and Yulon has also established Dongfeng Yulon with Dongfeng Motor.
At present, Fuqi Group’s lower-level auto companies mainly include: Southeast Automotive, Fujian Daimler, Xiamen Golden Dragon Automotive Group, Xin Fuda, which is based on buses and pick-up trucks, and the new Longma under construction, involving cars, MPVs, mini-vehicles, large and medium-sized passenger cars, and parts and components, etc., and the shareholders involved include Mitsubishi Motors, Daimler, Taiwan’s “China Motorsâ€, and the Longyan City Government directly funded by the government. Among them, Yulon Motors and China Motors from the Taiwan region all belong to the Yulon Group.
Earlier media reports said that in accordance with Dongfeng plan, will fully reorganize the Fuqi, and the ownership of Fuqi Automobile must exceed 50%, but the Fujian Provincial Government is not willing to “control†the control of Fuqi, and only hopes that the Fu 40% of the shares in the steam are transferred to Dongfeng. It is also this contradiction that has become the biggest variable in this reorganization.
With regard to the issues such as the share ratio of the two parties in the restructuring, Dongfeng Group and Fuqi Group are still tight-lipped, and the above-mentioned insiders also stated that “the ratio of the two parties cannot be knownâ€.
In fact, Fuqi Group has always been inclined to capital operation. The automotive sector entity has not become as big as other provinces. Since the overall auto market in China has declined and entered the adjustment period, the performance of Fuqi Group has not been satisfactory.
In 2011, Fuzhou Automobile Group produced and sold 123,000 vehicles and 123,000 vehicles, which was a year-on-year decrease of 6.9% and 6.1% respectively. Sales revenue was approximately 11.5 billion yuan, a decrease of 6.0%. In the first 8 months of this year, except for Xiamen Jinlong's production and sales volume, the ownership of Fuqi Group's property companies showed a positive growth, while most of the other products' marketing trends were low and the market pressure was extremely high.
Helping Dongfeng “autonomyâ€
The reorganization of Fuqi will not only allow Dongfeng to have an export strategic base in the southeastern coastal areas, but also the Dongfeng Auto's own-brand sedan and the newly launched new Longma mini-vehicle project, both of which will be Dongfeng’s “great autonomy strategyâ€. Bring effective business increments.
In December last year, Dongfeng Motor released a medium-term plan named “Dry D300â€, which has thrown its own brand to achieve a production and sales target of 3 million units within five years. In addition to announcing the pace of “grand autonomyâ€, Dongfeng’s overseas market strategic layout has also accelerated.
Undoubtedly, in Dongfeng's plan, "grand autonomy" in the next five years will become a "top priority" for its development. However, although Dongfeng Fengshen, Dongfeng Yulon, Dongfeng Nissan Kai Chen, and Dongfeng Honda Siming have already provided support for the four brands, Dongfeng has to complete the production and sales target of 2 million units in 2015 in the current era in which auto brands enter the micro-growth era. There is no doubt that there is no small challenge. In addition, in Dongfeng’s overseas strategy, the goal of achieving exports of 300,000 vehicles by 2016 is also inseparable from the contribution of independent brands.
Industry commentator Sun Xiaohong believes that in recent years, car companies have considered exporting overseas as an important part of their own brand development. However, Dongfeng headquarters is located in Wuhan, Hubei Province and belongs to an inland-type enterprise. Therefore, it is necessary to build an internationalization target around the future. Dongfeng's acquisition of Fugas will become one of the important layouts of its export business strategy. The integration of Fuqi Auto's Southeast Motors and the promotion of a "great autonomy strategy" are its most important goals.
However, according to the informed sources mentioned above, in addition to Southeastern Auto, the new Longma expansion project, which was just approved by the National Development and Reform Commission in August, is expected to be put into production by the end of September. It will mainly produce micro-cars and engines, and the passenger car project will also It has already been put on the agenda. In addition, two coach companies, Xiamen Golden Dragon and Xiamen Golden Brigade, under the Xiamen Golden Dragon Motor Group, have been preparing passenger car projects and will produce their own brand cars in the future.
“The ongoing passenger car project of the two bus companies in Xiamen can be legalized with the Dongfeng production license. In addition, the new Ryoma passenger vehicle project will be launched soon. This will complete the Dongfeng Motor’s self-reliance strategic objectives. Provide key assistance.†The person familiar with the matter said that once Dongfeng and Fuqi are reorganized, Dongfeng will provide more and better resources to Fugas, prompting rapid expansion in the field of passenger vehicles, commercial vehicles and parts and components. At the same time, Fuqi is located in the economically developed areas on the southeast coast of China. Its superior West Sea location is conducive to Dongfeng Motor’s expansion in the east and west, and its export strategy.
Brown Kraft Paper Open-Window Bag
1.Material:this type of paper bag is made out of 100% natural virgin wood pulp or
recycled paper,which has no pungent odor. The raw materials which are selected
carefully and imported from USA will be dealt with special process.The imported
original wood pulp with 450 ° c high temperature sterilization is not easy to
break and tear up.All the paper we used to manufacture the paper bag is not
only super durable and reinforcement but also ECO friendly ,biodegradable,compostable
environmental-friendly,natural friendly and PLA recyclable Owing to this good
quality materials.We have very high standards on controlling raw materials.So
that the supporting weight of our paper bag holds up to higher than those at
the market. Reuse the paper bags
as many times as you like and recycle them when you are done for a greener
Earth! We offer a wide variety of material and color option to meet your
requirements.we also supply PE coated,poly or aluminum laminatived or double
glud lining inner paper,which is water proof,oil proof,grease proof,moisture
resistance,weather proof,anti-slip anti-skid,etc.
2.Size:Multi customized sizes are available,we accept personalized
sizes.Different sizes including small,medium and large measurement which are
suitable for different usages.It`s versatile.we category for kinds of
industrial usage.
3.Handles:One reasons
of this type of paper bag of excellent quality is for seeking a more luxurious
handle solution all the paper bags handles are produced by fully automatic machines.
Sturdy round twisted,flat,die cut,holes,eyelet,patch,cotton robbin,grosgrain
rope,PP rope handles of paper bags are made of 100% cellulose and fiber .They
do not come out with an ease even you pull them with hard force.These handles
are adhered with good quality super glue by fully automatic machines
instead of handmade.which looks more elegant,clear,beautiful,sanitary,flat,reinforcement
than handmade.So that it creats a smooth,elegant finish for the bags.No stray glue any where like other paper
bags do.it's more convenient and make purchase easy to carry,take
away,to go etc.
4.Bottom: Reinforcement
flat ,square rectangle,block bottom is easy to stand up ,which is neat and flat
without glue outside.We deal with the bottom carefully in order not to break
easily.You don't need to worry about stuff fall down from the paper bag and
make a trouble mess.A good quality bottom will be more useful and helpful which
is also made by fully automatic machines.It is not only solid but also
strong enough to support heavy duty weight.It can take whatever the light or
heavy stuff inside the paper bag.They are not only durable and convenient but
also environmental friendly compostable and recyclable.
5.Printing:We have the best advanced
technology fully automatic printing machines which can support up to 8 colours
printing.We accept customer designs and logos.Gravure printing,embossing
printing,debossing printing,hot stamping,screen printing,UV printing,offset printing,flexo
printing with CMYK pantone non-toxic water based ink are all available. Our
printing has a pretty good quality as the printing of the designs is not only
more durable,sun proof,weather proof but also beautiful and bright,which absorbs ink well and is
stable not easy to tide the color.We aslo supply plainpaper bag, which are perfect for craft and DIY.
Printed and embellished as you may wish. Personalize the bags to make them
uniquely yours. Print your own business logo and use them as retail carry bags.
6.Surface handling:we supply glossy and matte surface dealing.This all depends on
customer`s requirements.Whatever the glossy or matte surface makes the bag more
luxurous.
7.Appication: paper bags with kinds of
hanles are perfect for packing shoes,clothing, wine, gifts,etc.They are great suitable
for any occations and affordable for small to medium businesses, parties &
events, wedding reception and start-up business.
8.Quatity inspection systerm : One of the reasons for our good Quality is that inspection system is
best of its kind. We're proud of our quality control system. Our standards are
very high. we put great stress on quality of products.Almost every process is
computerized.. All products have to pass strict inspection before they go out.
I believe the quality is soul of an enterprise. So we won't sacrifice the
quality for quick profit.All of our products are suitable for the world market.
Our products has always come up to international standards. We have trained analysts
to do quality analysis of each process when we make the product.We also provide
quality analysis training as part of training for new workers plus a week of
futher training every year. So our products are well known for their fine
quality. All the paper bag are received a warm welcome in the world market wherever
they go.Our clients are all satisfied with them.
9.Sample:We offer free samples between
three and five days, but excluding complicate condition upon customer`s
requirnments.For instance, we charge you like 50 dollars for samples,but we
will refund you after placing an order.The expenses of samples delivery can be
nagotiated.
10.Our
factory: Jinan
Xin Shun Yuan Packing Co., Ltd is located in Ningjiabu Industrial Park,Zhangqiu
district, Jinan city, Shandong province, China.It originated in Shandong
Printing Factory (founded in 1994).It is professional manufacture of new
environmental-friendly packing bag based printing processing enterprise with
more than 12 years of experience in production and management.Recent years, our
scale is expanding. Covering an area of about 2 million square meters. And also
expand our equipment, like unit type flexo printing machines, satellite adagio
printing machines, lamination type flexo printing machines, gravureprinting ,
dry laminating machines, automatic square bottom paper bag machines, food paper
bag machines, automatic control stick bag machines, trilateral, edges the
closure, self-reliance paper bag machines, CNC cutting machines.We have 8 sets
flexo printing machines, 1 set Gravure printing machine;12 sets Paper bag
machines ; 5 sets cutting machines, tin tie machines;30 sets heat sealing
machines ; 3 sets glue coating machines , etc. We have150 staff menbers,18
management staff ,12 salesmen and 120 workers. We have ISO9001, FSC certificates.
11.Packing & Shipment:Standard export packing, 250PCS
or 500PCS each carton. We try our best to make sure the packing is
seaworth and strong enough to stand the rough handling in a long distance
shipment .In order to ensure the packing is moisture resistance,water
proof,weather proof etc.The packing corrugated cartons therefore are lined with
plastic bag from inside and strengthened double solid plastic straps.We have
rich experience on packing.We normally do not only provide air transportment
and sea transportment but also multi modal combined transportments,which is up
to customer`s requirements.
12.Payment methord: L/C,D/A,D/P,T/T,Western
Union,MoneyGram Paypal payments.
13.Our service:we are in 24/7 service,we are responsibilable for replacing the defect
products.Feel free to talk to us.
Brown Paper Bag With Window,Kraft Paper Bags With Window,Mylar Bags With Window,Brown Paper Bags With Cellophane Window
JINAN XINSHUNYUAN PACKING CO., LTD , https://www.xsy-packaging.com