Analysis on reasons of China Hi-Tech Group Corporation cross-border M&A to Oerlikon’s Carding Business Department
- DOI
- 10.2991/iafsm-18.2019.45How to use a DOI?
- Keywords
- Cross-border mergers and acquisitions; Textile machinery; Nonwovens; Motivation of mergers and acquisitions
- Abstract
Because of the decline of domestic demographic dividend, textile and garment enterprises are shifting to Southeast Asia and other emerging economies, domestic textile and equipment enterprises are facing the situation of competition between their products and international enterprises. If one company wants to stand out here, it must have the core competitiveness and expand the market. China Hi-Tech Group Corporation. has mastered the advanced technology of nonwovens technology through the merger and acquisition of the carding division of Switzerland's Oerlikon Company, and has expanded the market by combining European technology with Chinese marketing. This paper analyzes the macro situation of the non-woven equipment industry and market before the merger and acquisition, as well as the internal situation of Hi-Tech Heavy Industry Co., Ltd. At the same time this paper analyzes the motivation of the merger and acquisition of enterprises, in order to promote the relevant textile machinery enterprises to think about their own development.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yue Liu AU - Gang Fang AU - Tianyi Li PY - 2019/03 DA - 2019/03 TI - Analysis on reasons of China Hi-Tech Group Corporation cross-border M&A to Oerlikon’s Carding Business Department BT - Proceedings of the International Academic Conference on Frontiers in Social Sciences and Management Innovation (IAFSM 2018) PB - Atlantis Press SP - 296 EP - 301 SN - 2352-5428 UR - https://doi.org/10.2991/iafsm-18.2019.45 DO - 10.2991/iafsm-18.2019.45 ID - Liu2019/03 ER -