Just like XIAOMI AUTO
How can we acquire the capability to design and manufacture cars?
Let's buy a state-owned car factory.
Chinese Marine Propulsion
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Just like XIAOMI AUTO
How can we acquire the capability to design and manufacture cars?
Let's buy a state-owned car factory.
And it seems to be a private company who took over/bought a failed/bankrupt state owned shipbuilder yard. Plus I red that they will soon dwarf CSSC in a single shipyard capacity, since they are building the single largest shipyard in the world.
That Chinese billionaire is not joking (he’s investing billions in his facilities ) . Crazy to think they were founded just 3 years ago. At this rate they could maybe match state behemoth CSSC (which was the merger of several shipbuilders ) to be the largest ship builder in China in a couple of years ? Impressive
I often ask myself , Is the problem a lack of good management/vision in some of these state owned companies ? I’m actually Surprised of hengli’s achievement after taking over the yard in such a short time, I often ask myself if the former company had carried on(just like Xiaomis former state owned partner) could they have done/achieved the same? Guess we will never know .
Do some serious research before you open your mouth spilling out rubish.
Hengli did NOT buy a state company. It bought a FAILED/BNAKRUPT South Korean PRIVATE company called STX, 韩国STX造船集团的全资子公司. From there it got into marine industry.
You people are just doing cheap propaganda about SOE as if private business is your religion.
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First
I believe your comments go beyond a discussion of the event itself.
Second
Dalian Shipbuilding Industry, a subsidiary of China Shipbuilding Industry Corporation (CSIC), was once the most likely candidate to fully take over STX's investment in Dalian (2015).
I am interested in why state-owned enterprises, with their stronger technological expertise and decades of capital accumulation, are repeatedly acquired by private capital in the capital market.（This is a very long and off the topic, but I believe it's a crucial question that needs serious consideration right now: given the setbacks in the private sector, underperforming market developments, and rising unemployment, is it worthwhile to rebuild state-owned enterprises and invest in new industries? —For example, consider China Yajiang Group Co., Ltd.）
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Based on my past work experience, I have theoretically never worked for any private conglomerate/princess/prince/religious group for even a single minute, which is sufficient to express my anger at your accusations.
Ok so let me try to understand you right.
How in your option did "SOE not buying private" leads to "SOE are bought by private"? You are picking up a wrong example to make a point.
If your question is why did not CSIC buy STX, the answer is simpler than you thought, STX has nothing to add to CSIC's portfolio. STX is ONLY valuable to outsiders like Hengli. It is like hypothetically Volksvagen was not interested in buying Volvo, but Geely as an outsider is.
Lastly, why I made #364. You had a preset perspective that is first and formost around "SOE vs private". From there you begin your questioning and thinking, instead of treating both entities as equal market players.
You are saying Dalian Shipbuilding was once potentially going to buy STX. It is SOE buying Private. Right?
Now you wonder why SOE are repeatedly bought by private capital.
How in your option did "SOE not buying private" leads to "SOE are bought by private"? You are picking up a wrong example to make a point.
If your question is why did not CSIC buy STX, the answer is simpler than you thought, STX has nothing to add to CSIC's portfolio. STX is ONLY valuable to outsiders like Hengli. It is like hypothetically Volksvagen was not interested in buying Volvo, but Geely as an outsider is.
Lastly, why I made #364. You had a preset perspective that is first and formost around "SOE vs private". From there you begin your questioning and thinking, instead of treating both entities as equal market players.
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STx is a bankrupt Korean Yard in China, they have no technology. Hengli is famous for their hydraulic systems, they started out making hydraulic and core components, that's where their expertise comes from. Their tech is from Man, licensed.
Hengli Group signed agreement with MAN energy solution for ''6G50ME-C9.6-HPSCR (HE0001) engine which is a high-pressure diesel engine, not a dual-fuel natural gas engine'' . These licensed Engines installed on the 82,000 dwt bulk carrier constructed by Hengli Heavy Industry.
September, 2024 ceremony.
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Hengli group also closely working with Dalian shipbuilding industry and local players for domestically designed/produced Engines. on 23rd April, they delivered first domestically developed 8G95 liquefied natural gas (LNG) dual-fuel engine on Tuesday in Dalian, Liaoning Province, filling a gap in the domestic development of dual-fuel engines at this power class.
It's not domestically developed, AFAIK it's just a licensed produced MAN design.