Glass industry enters the period of integration an

In the case of overcapacity, the glass industry has entered the period of integration and reorganization

under the continuous reminder of overcapacity in the glass industry by the relevant national regulatory departments, the integration and reorganization of the glass industry continues. Lenovo Hony investment, which has been involved in the reorganization of China Yaohua Glass Group for four years, has finally made new progress

market analysts believe that because of Yaohua's state-owned assets background, the Qinhuangdao Municipal government is more looking forward to a new Yaohua. In the near future, the integration and reorganization may occur between the Northern Glass Group and Yaohua Group

the northern group is a large class of state-owned enterprise restructured and formed on the basis of the float glass group company. It was founded in 1976. The northern group and Yaohua Group are both state-owned enterprises governed by the state owned assets supervision and Administration Commission of Qinhuangdao

however, in recent years, Yaohua Group has suffered losses for years, and its production and operation have fallen into difficulties. Industry insiders revealed that they really wanted to invest in the reorganization of Yaohua Group as early as March 2005, with the purpose of making China's glass manufacturing aircraft carrier. Today, the scandal between Hony and Yaohua spread for several years finally fell to the ground. Zhao Linghuan, President of Hony, said excitedly at the signing ceremony: "the investment in Yaohua Group is an important strategic deployment of Hony in the field of building materials. We will use the resources and advantages of Lenovo holdings and Hony to provide various value-added services for Yaohua."

in this framework agreement, the two sides have reached a resonance on major strategic arrangements such as the future factory relocation of the investment enterprise, the construction of new production lines, and the integration of Northern Glass Group and Yaohua Glass Group. It is understood that after the property right reorganization of Yaohua, it will highlight the leading position in the industry, the registration place of Yaohua Group will remain unchanged, the "Yaohua" brand will remain unchanged, and more than 85% of the on-the-job employees will be employed in the enterprise after the restructuring. When the glass industry enters the integration period, relevant parts should be tightened.

with the reminder of overcapacity in traditional industries such as glass Geng, Chery Automobile, Beijing Great Wall Huaguan and other auto enterprises jointly designing and developing new energy all aluminum pure electric vehicle glass, the restructuring and reorganization of Yaohua Group has made substantial progress

Yang Xin, a senior analyst in the building materials industry of Guosen Securities, said that for Lenovo Hony, the acquisition of Yaohua is naturally conducive to the expansion and strength of the enterprise itself. Hony investment and Pilkington, the two major shareholders of China glass, have ambitions to expand the domestic market, and the acquisition of Yaohua will not be the last step in the acquisition of its domestic market. Building a Chinese glass aircraft carrier has become Hongyi's determination

however, for the domestic glass market, which is already in oversupply, the final decision of Yaohua reorganization seems to be just a spray of the tide of integration and reorganization of the glass industry. Market analysts believe that overcapacity makes it impossible for enterprises to solve problems by expanding production. Only by leading the industry to an Oligarchic Competition format through acquisition will it be conducive to the development of the industry

it can be expected that in the near future, the glass industry will reproduce the restructuring wave

the glass industry has entered the integration period

with the reminder of overcapacity in traditional industries such as glass by the national regulatory department, the restructuring and reorganization of Yaohua Group has made substantial progress

Yang Xin, a senior analyst in the building materials industry of Guosen Securities, said that for Lenovo Hony, the acquisition of Yaohua is naturally conducive to the expansion and strength of the enterprise itself. Hony investment and Pilkington, the two major shareholders of China glass, have ambitions to expand the domestic market, and the acquisition of Yaohua will not be the last step in the acquisition of its domestic market. Building a Chinese glass aircraft carrier has become Hongyi's determination

however, for the domestic glass market, which is already in oversupply, the final decision of Yaohua reorganization seems to be just a spray of the tide of integration and reorganization of the glass industry. Market analysts believe that overcapacity makes it impossible for enterprises to solve problems by expanding production. Only by leading the industry to an Oligarchic Competition format through acquisition will it be conducive to the development of the industry

it can be expected that in the near future, the glass industry will reproduce the restructuring wave