China Glass Holdings Co., Ltd. (hereinafter referred to as China Glass Holdings), a leading company in the domestic glass industry listed in Hong Kong, Hony Capital, one of the leading private equity investment companies in China, and Guoxin International Investment Co., Ltd., a professional investment platform that supports Chinese companies to "go global" The company recently co-sponsored the establishment of the "One Belt, One Road Glass Industry Integration Fund". This is the "One Belt, One Road" theme fund of my country's glass industry. The fund plans to have a total scale of 300 million US dollars. It will make full use of the advantages and opportunities brought by China's "One Belt One Road" initiative to invest in glass in many countries along the "One Belt One Road" and surrounding countries. Industrial construction and integration.
At the same time as the establishment of the "Belt and Road" glass industry integration fund, the fund's overseas mergers and acquisitions were also implemented simultaneously. The fund has confirmed the acquisition of a controlling stake in a float glass production line under construction in Kazakhstan. The production line is a float glass production line in Kazakhstan with a daily melting capacity of 600 tons. It was constructed by China National Building Materials International Engineering Group Co., Ltd. and is expected to be completed and put into production in the third quarter of 2018.
As a large country and a very active economy in Central Asia, Kazakhstan has developed a strong momentum in recent years and has huge market potential. At present, the country's per capita glass consumption is still at a low level, there is no glass production line in the country, and flat glass is mainly imported from distant countries. The country's political and business circles generally hope to establish the domestic supply capacity of float flat glass. With the advanced technology of the China National Building Materials International Engineering Team in the construction of glass production lines and the management and talent advantages of China Glass Holdings in glass production and operation, Kazakhstan is expected to realize the localization and localization of the glass industry as soon as possible. On the other hand, the three neighboring countries of Kazakhstan also have a large market demand for glass, and due to the existence of preferential conditions such as mutual tariff exemption, the production line can also strongly radiate the markets of neighboring countries.
Globally, the distribution and development of the glass industry is extremely uneven, and the glass market of developing economies represented by countries along the “Belt and Road” has a lot of room for growth. Over the years, China Glass Holdings has accumulated rich technical experience and has a good competitive advantage. Taking the countries along the “Belt and Road” as the target market to carry out advantageous production capacity cooperation and international market expansion is the key path to break through growth bottlenecks, promote industrial integration, and achieve sustainable development of all participating economies.
The establishment of the “One Belt, One Road” glass industry integration fund means that China Glass Holdings, with the strong support of the two major shareholders of Triumph Technology Group and Hony Capital, which are affiliated to China National Building Materials Group, will unswervingly promote natural growth, The long-term development strategy of mergers and acquisitions and "going out" has led the "Made in China" float glass industry to the world stage, and it also indicates that the reorganization of the float glass industry has kicked off on a global scale.
Peng Shou, general manager of China National Building Materials Triumph Technology Group, the major shareholder of China Glass Holdings, and chairman of the board of directors of China Glass Holdings, believes that the implementation of the "Belt and Road" initiative is an excellent opportunity for China's advantageous enterprises and industries to go global, and a special national fund has been established. The supported industrial integration fund platform will further promote the establishment of a community of interests along the route.
Zhao Linghuan, chairman and president of Hony Capital, said that China Glass Holdings is a merger and reorganization project that Hony Capital participated in after its establishment, and it is also a classic state-owned enterprise reform project. China Glass Holdings has thus become a leading glass manufacturing company in China. In recent years, China National Building Materials Triumph Technology Group has become the majority shareholder of China Glass Holdings, and it has given the company greater support from the policy and resource levels of central enterprises. After Hony Capital, China Glass Holdings and Guoxin International Investment established an industry merger and acquisition fund, it is believed that under the opportunity of the "Belt and Road", China Glass Holdings has the opportunity to become a leader in the global flat glass manufacturing industry, and has a "three-point world" in the global market. one". At the same time, this is also the demand and path for deepening and improving the reform of state-owned enterprises in the new era: combining the capital, resources and brand of China National Building Materials Group, and Hony Capital's expertise as a market-oriented and international investment institution, to promote Chinese enterprises to achieve global market operation, Create a new era of multinational companies.
