Tan Xuguang: Weichai Actively Develops European Markets
2012-12-18 Source：www.chinabuses.org
Summarize：Tan Xuguang, the chairman of Shandong Heavy Industry Group-Weichai Group, in these two and three years, who has been busy traveling among Beijing, Shanghai etc, especially the European countries. Tan said, no matter where you are, the most important thing is that you have a set of scientific methods and ideas of the directing. Now Weichai Power is activity developing the European markets.
www.chinabuses.org: Tan Xuguang, the chairman of Shandong Heavy Industry Group-Weichai Group, in these two and three years, who has been busy traveling among Beijing, Shanghai etc, especially the European countries. Tan said, no matter where you are, the most important thing is that you have a set of scientific methods and ideas of the directing. Now Weichai Power is activity developing the European markets.
Tan Xuguang, the chairman of Shandong Heavy Industry Group-Weichai Group
As we know, in January this year, Shandong Heavy Industry Group-Weichai Group acquired a controlling interest in luxury Italian yacht manufacturer Ferretti. SHIG-Weichai Group acquired a 75 per cent interest in the yacht maker through a total investment of €374 million, including equity investment of €178 million and provision of debt financing of €196 million, after the completion of the debt restructuring procedures。
Tan Xuguang, the chairman of Shandong Heavy Industry Group-Weichai Group, is famous for his several overseas mergers and acquisitions. Mr. Tan said that despite the slumping global economy acquisitions will secure the company's future in the consumer market and expand its base in machinery.
In the sight of Tan, the slowdown global economic, China could not continue to high growth, which means opportunity to the outstanding Chinese enterprise in this kind of circumstance. As on one side, it is able to go out and speed up using working capital tool to achieve global resource allocation; on the other side, it can use this to do the internal business integration and management adjustment.
In 2012, its years of economic recession, the listed company-Weichai Power’ profit was also affected by it. Its third quarter year-on-year net profit fell by nearly 50%. Tan was not satisfied for some specific business plate, but approved the overall performance of the company. He says, allow some failure! Also learn from the failure to find a successful way. Enterprises can awake only are affected continuously by some impact’.
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