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Depth analysis of China Construction Machinery in 2010 by big tree
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Depth analysis of China Construction Machinery in 2010 by BIG TREE
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| Article Posted: 11/01/2010 |
| Article Views: 33 |
| Articles Written: 1033 - MORE ARTICLES FROM THIS AUTHOR |
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Depth analysis of China Construction Machinery in 2010 |
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Business,Business News,Business Opportunities
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It is reported that in 2009, pulling in domestic demand, China's construction machinery business to buck the trend on the back we see the Chinese construction machinery company. There are two companies worth looking into, one is the Xuzhou Construction Machinery Group, one is set up near Shandong Heavy Industry Group.
The English word originally Caterpillar caterpillar, but from what point to see whether Caterpillar, construction machinery industry are not caterpillars. Recently, Caterpillar announced that the company's 2009 sales of 32.396 billion U.S. dollars, compared with 51.324 billion U.S. dollars in 2008, down 37%; profit of 895 million U.S. dollars, down 75%. Although both sales and profits have fallen sharply, but the world in terms of construction machinery industry, its data is still "aircraft carrier" class.
Another look at the data, in 2009, sales revenue of China construction machinery industry over 310 billion yuan, up 12%. Tilting the power of the industry, the Chinese construction machinery industry and the world giant companies have only words against strength. This is worthy of appreciation, which is China Construction Machinery Industry sales for the first time more than Caterpillar; but the situation still looked grim, according to the exchange rate of 1:6.8, has not yet reached the scale of 2008, Caterpillar's sales.
In 2009, driven by domestic demand, China's construction machinery business reverse the declining trend of world economy, the rapid growth in the second half up in the first half of the depressed state. But Cat can not such a good opportunity, as a deep global enterprises, the overall world economic downturn will inevitably lead to a substantial decline in sales revenue and profits. Owens said Caterpillar Chairman and CEO in 2009, the company operating conditions since the Great Depression of 1930, the most difficult year since. The face of the economic situation is different for this comparison seems a little bit in terms of the Caterpillar "lose."
Last year, Chinese enterprises is the highest sales Xugong Group, more than 50 billion yuan. From sales data, not yet, and Caterpillar's sales in the fourth quarter (4th quarter of last year, Caterpillar's sales of 7.898 billion U.S. dollars, down 39% year on year). Xuzhou Construction Machinery Group for 4 billion years to scale up really exciting, but basically unchanged in the growth of the absolute value of the case, its growth rate is declining, it is undeniable.
Shandong Heavy Industry Group, established in the industry is undoubtedly a blockbuster, firm size almost equal to 100 billion yuan. However, in some cases, through mergers and acquisitions or joint in the form of directly assembled into large enterprises and is not real progress. Otherwise, if the unity of all the construction machinery business in a large group the following, it can "create" a sufficient quantity of large enterprises. But such big companies can really play it other? Thought-provoking results.
These concern the development of enterprises, but many Chinese enterprises will be targeting to become a world-class engineering machinery enterprises today, and no doubt more Caterpillar sales data tells us that Chinese enterprises long way to go. Steady progress of China's construction machinery industry, when one or a few can truly nurture the same as the Caterpillar, "Caterpillar" mean?
Chinese enterprises should also be reminded --- Caterpillar has not stopped the advance. Although the last four quarters of sales data shows that the downward trend seems to have remained unchanged. But the company expects, as the global economic recovery, sales in 2010 expected to exceed last year increased by 10% to 25%. Owens said they have seen the global economy to improve the signal, in particular the demand for mining machinery Zai significant growth --- this is a bulk commodity Jiagechixu Jiang Jin and the economic Fusuxinxin Zengqiang of Jie Guo. It is understood that the company's after-sales maintenance and spare parts sales improvement has occurred, which is the main precursor to an improvement in sales. I am China Manufacturers writer, reports some information about 20x80 binocular , meade etx 125pe telescope.
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