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run silent, run deep - polyester film price

by:Cailong     2019-07-26
run silent, run deep  -  polyester film price
Two years ago, banners at the soybean protein factory in central China of Hubei Longyun protein food group warned government workers --
"Raise the banner of national industry ".
Nowadays, a different message is posted everywhere in this place: "Celebrate DuPont's 200-Year-
Old scientific search.
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Overseas companies are using a new tool to seek to make money in China: acquisitions.
According to UBS Warburg, the purchase of Chinese assets accounted for the fifth place in foreign investment of $51 billion last year. With the deepening of economic reform after China's accession to the World Trade Organization (wto), this number may increase. St. Louis-
Emerson, based in the United States, is by far the largest buyer, spending $0. 75 billion in October 2001 for the motor business of China's privately owned Huawei technology company.
But it's also worth noting that DuPont bought Cloud Dream's protein factory for $20 million, because it says the capabilities of big American businessesS.
The company is gaining ground in the world's most populous country.
Of the 18 joint ventures or sole proprietorship that DuPont has established for 18 years, none has spent more than $50 million.
It's not risky, it's usually expensive big-
General Motors and former Macdonald Douglas and others in the Chinese dream of Joe stuwell, an economist (
Atlantic Monthly, 2002)
"There is an elusive pursuit of the biggest untapped market.
Charles Brown, president of DuPont China, said: "We are not against major investments . " Brown, 56, is currently in his third career in China.
"Just so far, when we look at China, the more meaningful steps for us are these relatively small and frequent steps.
"In general, they are profitable, he said.
This has made China a bright spot for DuPont when the chemical giant is in trouble.
Sales there grew 22% last year to $0. 623 billion (
Excluding $0. 2 billion in Hong Kong)
It has almost doubled since 1998.
By contrast, DuPont's global revenue fell 12% year-on-year to $24.
In 2001, it was 7 billion, which was the same as 1998.
DuPont's sales in China are still lagging behind mobile phone leaders such as Motorola, but because many of DuPont's problems are in China, they have a good counter-cyclical effect, falling commodity prices in places such as China are hurting U. S. profits. S.
Textile products.
Therefore, even if DuPont cuts jobs worldwide (
2,000 layoffs announced in April
New projects are underway in China.
In the March, it announced 50-
50 joint ventures and Japanese Asahi Kasei produce plastic near Shanghai, worth $70 million.
These funds will enable DuPont to invest about $100 million in China this year. -
Similar to last year--
The total investment there was about $0. 7 billion.
Acquisition like Hubei Longyun ("dragon cloud")
According to Jones, Dai, Ravis and Boger law firms, soybean protein factories have become more reasonable as China relaxes its regulations, reforms its legal system and accounting practices.
China hopes a faster inflow of foreign capital will offset the country's problems. run companies.
But DuPont is flexible in sharing ownership with local partners.
Some say the joint venture will be established after joining the WTO.
"It's really not our position," Brown said . ".
If any Western company feels about China, it should be Dupont.
The company started doing business there in 1863.
With the arrival of the Communist Party, it left half
A century ago, the 1984 S returned.
Most of the time, it has been sticking to its familiar products.
This means building factories that produce polyester and nylon fibers, as well as polyester film for mobile phones and nylon bristles for toothbrush sales in China.
With the growth of China's wealth, DuPont has transplanted brands born in the United States. S.
"People must know the name Leka," said Wu Jiawei.
Make materials at a department store in Shanghai's colorful Nanjing Road.
In the southern Chinese city of Shenzhen, DuPont researchers tried to get the right Teflon coating mixture for Chinese mothers on woks, who tend to beat metal spatula harder than American mothers.
DuPont paid $1 in January to boost its reputation.
3 million sponsored one of China's most successful football teams in three years.
In 1999, DuPont entered the automotive coatings industry in China through a $1 investment.
9 billion acquisition of Herberts, a subsidiary of Hoechst AG in Germany, the company's global paint business has four Chinese joint ventures.
DuPont's acquisition restored it to its position as the world's number one paint and finish manufacturer in the early 20 th century.
However, Brown later closed down two Chinese companies that did not reach the profit target.
"It's like Kenny Rogers's song, and you have to know when to catch them and when to fold them," he said . ".
"I just think it's normal business and arrange your portfolio in a country.
I think we are lucky because we are able to do this in a friendly way and we can continue our business.
"That is to say, to be one of the fastest countries in the world --
The auto market is growing.
So far, DuPont's most unconventional move is to buy a protein factory in Yunmeng, a city with a population of 500,000, surrounded by rape fields, and so far the factory is for foreign investors.
The business has become a global target through DuPont's $1.
5 billion acquisition of St. Louis-
1997 based on protein technology.
DuPont food for the year
The ingredients market is about $20 billion, growing at a rate of 3% to 5%. The health-food-
The ingredient market, including soy protein, accounted for $3 billion in the market and grew at a rate of 15%.
Although agricultural subsidies support production in Western countries, DuPont hopes to build China into a global purchasing center and process it there to the United States. S.
Food and Drug Administration standards.
In addition to the view of DuPont's future, the acquisition also highlights the extent to which new thinking takes root in mainland China.
The pragmatic officials of Yunmeng know that their protein does not match DuPont in consistency and flavor.
"We know a lot more about them than they know about us," said Lai Yuanwang, who ran the factory for eight years when it was in a state --owned.
"We have been working on their products for a long time, trying to get our products to their standards, but we can't do it.
The question at the time was: do we really need to have this facility to bring work and business here?
"Under an agreement with the local government, DuPont can sell as much protein as possible in China (
According to it data, the market size reached $100 million in five years).
DuPont fired 10% of the original 270 employees, but raised 20% of the retained employees.
The company has also improved the lives of its employees in a smaller way, spending an average of 50 cents on a factory cafeteria worker's free lunch compared to the previous dime and posting safety
It has stationed an American soldier. S.
Factory Engineer, standard taste (less "beany")and color (more "milky").
Wang, 39, is still sitting in the factory today, operating for DuPont. "Mr.
"The King embodies many of the features we like to see in our own people," Brown said . ".
"Yes, he was in a state --
Own business. But Mr.
Wang is a real entrepreneur.
One of the things we found when we looked at cloud DreamWorks was that he was a valuable asset.
He's the kind of employee we want to keep.
Wang Jianlin said his goal is simple: "I want to be the most successful person in China's protein industry . " He said.
"I think I can do this with DuPont.
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