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Yesterday, at the promotion meeting for recapitalization of state-owned enterprises in Changchun held in Hangzhou, Wanxiang Group and Changchun City State-owned Assets Management Committee signed a framework agreement to participate in the reorganization of state-owned property rights of Changchun Clivia Group Co., Ltd. and establish its Northeast region in the city. The base of auto parts. It is reported that the project involves more than 3 billion yuan in funds. According to the Changchun Mayor Zhu Yejing, the project is by far the largest amount of private investment in Changchun in Zhejiang. I wish to say that Climax Group is a large auto parts manufacturer in Changchun, with annual sales of about 1 billion yuan, mainly to FAW to provide bumpers, fuel tanks and other accessories. Clivia urgently needs funds due to the expansion of production scale, and Wanxiang has a strong capital, and both parties hit it off. Xue Wenge, deputy director of the Changchun City Economic and Trade Commission, said that through the reorganization of the state-owned assets of the Climax, Wanxiang will have the opportunity to expand in the northeast at a low cost, and the Changchun Auto Parts Industry can also introduce a more flexible management mechanism for private enterprises to form a Win-win situation. Changchun is an important old industrial base in northeastern China. Its motor output value accounts for 78.8% of the city's total industrial output value, and it has more than 200 automotive parts and components companies supporting FAW Group. Xue Wenge said that last year, FAW’s total vehicle production was 900,000 units. After cooperating with VW, it is estimated that the annual output will reach 1 million units in the next five years, accounting for one-third of the national automobile production. It is reported that last year, the output value of spare parts provided by Zhejiang enterprises for the Changchun automobile manufacturing industry reached 3 billion yuan. At present, nearly 40 enterprises in Zhejiang and Changchun have reached the cooperation intention in the automotive spare parts field. Including automotive and parts projects, Changchun has introduced 202 state-owned enterprises in Zhejiang for recapitalization, involving 35.8 billion yuan in assets, including state-owned assets of 31 billion yuan. It is reported that at present, the proportion of state-owned assets in the city is over 60%. In order to promote the reform of state-owned enterprises, Changchun has formulated a series of preferential policies, which require the introduction of foreign capital to participate in reforms and reorganizations, the introduction of capital amounts account for more than 30% of the total share capital, or Enterprises that turn a profit in the year of reform will be given tax incentives. News Source: Oriental Morning Post
Universal low cost expansion to build Northeast auto parts base
Yesterday, at the promotion meeting for recapitalization of state-owned enterprises in Changchun held in Hangzhou, Wanxiang Group and Changchun City State-owned Assets Management Committee signed a framework agreement to participate in the reorganization of state-owned property rights of Changchun Clivia Group Co., Ltd. and establish its Northeast region in the city. The base of auto parts. It is reported that the project involves more than 3 billion yuan in funds. According to the Changchun Mayor Zhu Yejing, the project is by far the largest amount of private investment in Changchun in Zhejiang. I wish to say that Climax Group is a large auto parts manufacturer in Changchun, with annual sales of about 1 billion yuan, mainly to FAW to provide bumpers, fuel tanks and other accessories. Clivia urgently needs funds due to the expansion of production scale, and Wanxiang has a strong capital, and both parties hit it off. Xue Wenge, deputy director of the Changchun City Economic and Trade Commission, said that through the reorganization of the state-owned assets of the Climax, Wanxiang will have the opportunity to expand in the northeast at a low cost, and the Changchun Auto Parts Industry can also introduce a more flexible management mechanism for private enterprises to form a Win-win situation. Changchun is an important old industrial base in northeastern China. Its motor output value accounts for 78.8% of the city's total industrial output value, and it has more than 200 automotive parts and components companies supporting FAW Group. Xue Wenge said that last year, FAW’s total vehicle production was 900,000 units. After cooperating with VW, it is estimated that the annual output will reach 1 million units in the next five years, accounting for one-third of the national automobile production. It is reported that last year, the output value of spare parts provided by Zhejiang enterprises for the Changchun automobile manufacturing industry reached 3 billion yuan. At present, nearly 40 enterprises in Zhejiang and Changchun have reached the cooperation intention in the automotive spare parts field. Including automotive and parts projects, Changchun has introduced 202 state-owned enterprises in Zhejiang for recapitalization, involving 35.8 billion yuan in assets, including state-owned assets of 31 billion yuan. It is reported that at present, the proportion of state-owned assets in the city is over 60%. In order to promote the reform of state-owned enterprises, Changchun has formulated a series of preferential policies, which require the introduction of foreign capital to participate in reforms and reorganizations, the introduction of capital amounts account for more than 30% of the total share capital, or Enterprises that turn a profit in the year of reform will be given tax incentives. News Source: Oriental Morning Post