Recently, the China National Chemical Corporation said it would buy the KraussMaffei Group, a German Manufacturer of plastics and rubber processing machinery, for about $1 million. The acquisition would help China’s biggest chemicals company upgrade its expertise in manufacturing plastics and rubber, the company said in a statement. (ChemChina Buying KraussMaffei, a German Machinery Company, for $1 million, by Wall Street Journal)
In recent years, Chinese companies are set off a wave of overseas M&A trends. It should be noted that, foreign companies with leading-edge technologies and competitiveness in the international market often become the first choice of overseas mergers and acquisitions. With the advanced technologies, KraussMaffei would contribute significantly to ChemChina’s business.
At the annual North American International Auto Show, Even the smallest auto companies are flourishing in the booming American market, none more so than the tiny Chinese-owned, Swedish-run luxury brand Volvo. Volvo showed off a new sedan, the S90, and won recognition for its flagship sport utility vehicle, the XC90, as the best truck introduced in 2015. (Volvo Makes a Comeback, with a Detour through China, by Wall Street Journal)
Under Geely, Volvo has emphasized the brand’s long reputation for safety and quality and its distinctive Swedish styling, which made this brand and Geely have all gone on and have really started to flourish. With renewed technology and designs, Chinese automakers will sit on better position to compete with global competitors.