Excavator

Shandong Heavy Industry € 738 million purchase of 25% stake in Germany KION

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Shandong Heavy Industry € 738 million purchase of 25% stake in Germany KION 
 
NetEase, August 31 Shandong Heavy Industry Group Co., Ltd. 's Weichai Power in Germany and the world's second largest forklift manufacturer KION Group signed an investment agreement, Weichai Power will invest 738 million euros to acquire the other 25% stake as well as some the majority of the shares of the business. 
 
The deal will be so far Chinese companies in Germany, the largest sum of direct investment. Currently, German Chancellor Angela Merkel is to visit China, the German side of the signing of the agreement date was scheduled for the morning, German time, next Monday (September 3), the two sides will also held a signing ceremony in China. 
 
Under the terms of the agreement, according to the terms of the agreement, Weichai Power's total investment amounted to 738 million euros: 467 million euros through a capital increase in the form KION 25% of the shares acquired, 271 million euros will be used for the acquisition of the KION subordinates hydraulic business 70% majority stake. In addition, the parties have agreed that if the KION future IPO, Weichai Power has the right to select holdings the KION stake to 30%, and the right to further holdings the KION hydraulic business shares. 
 
Parties anticipate that the transaction will end in the fourth quarter of 2012, subject to certain conditions, including the consent of the third party to give up as well as regulatory approval. KKR and Goldman Sachs, the existing shareholders will continue to retain the KION shares. 
 
It is understood that the KION Group is second only to the Toyota Automatic Loom Company, the world's second largest forklift manufacturer, and annual revenues of 4.4 billion euros, is the largest foreign forklift manufacturer in China, has two joint venture in Jiangsu and Fujian company. Shandong Heavy Industry Group is the parent company of Weichai Power Co., Ltd., the business covers commercial vehicles, construction machinery, power systems, core components, yacht manufacturing five major sections. 
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Shandong Heavy Industry € 738 million purchase of 25% stake in Germany KION

Shandong Heavy Industry € 738 million purchase of 25% stake in Germany KION NetEase, August 31 Shandong Heavy Industry Group Co., Ltd. ...

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The Shandong Heavy negotiations stake KION German forklift manufacturer

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The Shandong Heavy negotiations stake KION German forklift manufacturer 
Chris Bryant in Frankfurt, the British "Financial Times", Stanley • Pini reported Yar London, 
 
 
Goldman Sachs Goldman Sachs Capital Partners and Kohlberg Kravis Roberts (KKR) is with Shandong Heavy Industry Group (Shandong Heavy Industry) on an equity sale transaction negotiations. If the deal closes, it will become China's largest investment in the size of the German companies. 
 
It is understood two people familiar with negotiations said the two private equity firms are considering the sale price of about 700000000-800000000 euros German forklift manufacturer KION Group (KION Group) 25% of the shares, as the latter is a entry part of the capital raising plans. 
 
The transaction will help KION expansion in the crucial Chinese market, and Shandong Heavy Industry Group have the opportunity to learn from the experience in manufacturing of KION in the field of industrial vehicles. 
 
One of the people familiar with the related negotiations had commenced a few months ago, is now entering the late stage, is expected later this month is expected to formally sign the agreement, but not guaranteed to be able to reach an agreement. 
 
 
Although current European debt crisis, Chinese enterprises still think Germany is an attractive investment destination, because the country has a wealth of experience in machinery manufacturing enterprise. 
 
, According to a person familiar with the German steel and technology group ThyssenKrupp (ThyssenKrupp) will Tailored Blanks, a subsidiary of negotiations for sale to a Chinese company. ThyssenKrupp said that negotiations are underway, and refused to comment on the identity of the potential buyer. 
 
Sany (Sany Heavy Industry) this year to 360 million euros and to undertake debt the cost of acquisition of the German concrete pump manufacturer Putzmeister (Putzmeister) After China and Germany also reached a number of enterprises in the field of auto parts transactions. Acquisition cases initiated in Germany, China is still small, because the the Germany family business owners are often unwilling to sell. 
 
Shandong Heavy Industry Group's industrial products include bulldozers, and heavy-duty gearbox. In January this year, the company acquired the debt-ridden Italian yacht maker Ferretti (Ferretti) a controlling stake. 
 
Shandong Heavy Industry Group, said on Bloomberg (Bloomberg) does not know the relevant negotiations with the KION Group. 
 
KION Group, Goldman Sachs and KKR declined a reporter's request for comment. 
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The Shandong Heavy negotiations stake KION German forklift manufacturer

The Shandong Heavy negotiations stake KION German forklift manufacturer Chris Bryant in Frankfurt, the British "Financial Times...

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Sany Heavy Industry radical credit sales surge breeding of the malignant tumor financial deterioration risk

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"Credit sale" was Sany Heavy Industry (hereinafter referred to as the "three") rapidly improve sales performance magic, but in the real estate overweight, the macroeconomic slowdown background, still radical "credit sale" strategy is getting into so dull pain thirty-one possessed cancer. " 
Small customers in big trouble 
"Things almost the past year, I can not remember in the end is the day." On and Trinity "unpleasant", Yang is some frustration, but he told the Economic Information Daily (microblogging) "Reporters," that thing "that he will never forget. 
Noon the day of August 2011, a construction site in Hotan, Xinjiang, more than 20 big guy carrying clubs suddenly burst into the they get workers control, clamoring for "Who Moved killed who, and forcibly dragged gone a value of more than 90 million excavator. And the owner of this machine is Yang. 
"I was not on the site, workers gave me a cell phone, I click on the Mongolia. Ran back to the site, who have the machine towed our car on the chase to catch up, they said to charge $ 60,000 ' towing fee 'was the engineering side not to the settlement, we simply take no money to these people with clubs iron pipe, simply do not and we are talking about, in the end, or force the machine is towed away. "the Lao Yang told reporters . 
Not with simple cases of armed robbery, Yang's story, in addition to his own, the other protagonist is the largest construction machinery manufacturer Sany. Yang said he later learned that those people is three faction to own excavator is still Hotan, "locking" (manufacturers prohibit users from further use of the product by other means as G PS) has been more than a year . 
Yang, who lives in Zhumadian, Henan, there is not a large-scale contracting team, four dry with a variety of large and small construction projects in the province outside the province. The end of 2008, the state four trillion "stimulus plan introduced like a shot in the arm, across the country overnight cropped up numerous large-scale projects. Yang said, in 2009 and 2010, and his engineering team like ganchang everywhere then the job two years between their own pockets quickly drum up. 
Contracting team itself is a hard living, say my age, so wanted to take advantage of the opportunity to improve the strength of the contracting team. "Yang said, the end of 2010, when he moved to the mind to buy large equipment, to be able to take a larger project, and secondly, can the machine rented out, it will not only earn more money, but also peace of mind. 
In the beginning of 2011, Yang began to study the market, and eventually decided to buy an excavator. He then came to Zhengzhou High-tech Development Zone, a direct point, asked the price of the SY 235C excavator. The staff told him that the price of this machine are each 95 million. The price for the Lao Yang made a difficult, he said: "engaged in engineering, often for projects to advance, sometimes not got paid on time, so I can not come up with money to buy excavators. 
Three sales staff learned Yang concerns, told him, by way of mortgage loans to buy excavators to pay a certain percentage of the down payment, the machine will be able to drive away after time to pay the remaining balance can. 
"At that time, the sales staff told me, is to rent out the machines, monthly rents are enough repayment a total mortgage loans is quite suitable, we agreed to." 
In April 2011, Lao Yang to pay a share of 20% of the machine about 18 million down payment, will this SY 235C excavator open back. Subsequently, Yang took the machine went straight to Hotan, start a new project. But he did not expect, did not take long for the excavator to a fault. "Is certainly not small problems, simply will not start up." Yang said, in order to complete the project on schedule, he had to pay for their repair machines, but still delayed repair the machine working hours, the duration of the entire project to be postponed. 
This delayed triggered a series of storm. Because it fails to complete the project, for projects to be dragged, Yang and therefore unable to timely payment of the balance of the loans for the purchase of the machine. In August 2011, did not receive any reminder, Yang excavator was forcibly dragged away. 
Yang said that when that is the employer of the person after the machine is towed away, he was looking for a go theory. In his view, the is the machine quality problems caused project delays, resulting in that he can not pay the balance on time. "I have repeatedly consultation and Trinity, I hope to get back the machine, but they said, must be payable from August 2011 to the present the balance of Yicijiaoqing, or not to machine." Yang think the practice unacceptable, he told reporters, has sued three local court in Zhengzhou. 
Radical Sales breeding malignant tumor 
In fact, Yang's story is not the case. Beginning in 2011, individual customers by way of credit sales to buy a product, the machine was forcibly dragged things abound. Henan, Hebei, Hunan and dozens of individual customers bought three product about them and Yang similar happened to the "Economic Information Daily" reporters. Lao Yang also showed reporters a list of more than 40 people, he told reporters on the list and, like him, because of the failure to make timely repayment thirty-one towed machine. These people worked together to find the three theory, but they have all failed. 
Subsequently, the reporter in the pointing of some customers to access the website of the county-level People's Court in Changsha, Hunan Province, search in more than 70 individual cases there are "contract dispute" or "mortgage loan dispute. The merits of these cases and Yang's story has a lot in common, basically through mortgage loans, or installment credit sales, the purchase of large equipment, timely repayment force to recover the equipment, and the prosecution. 
Introduced, according to Yang and other parties to an interview with reporters, a large mechanical engineering equipment forum, starting in 2011, announced that she and Yang have a similar experience of individual customers more than 200 people. 
Hebei an engineering team boss told the "Economic Information Daily" reporters, he purchased three hundred eleven of projects worth more than 200 million cars, but after the second half of 2011, it is difficult to project received large projects, and therefore unable to pay loans. 
A Trinity of Hunan and Hubei agents told the "Economic Information Daily" reporters "credit sale" is commonly used as a way of selling construction machinery industry, not only the Trinity, Xugong domestic vendors, Caterpillar, Volvo, Doosan Heavy Industries, Komatsu heavy international manufacturers are also widely used, especially in developed countries, credit sales ratio is usually accounted for about 90% of the share of the sales of construction machinery manufacturers. 
Credit sales of domestic manufacturers are mainly three forms, bank mortgage, hire purchase and finance lease. "To the agents introduced three sales there are some differences, but they need the manufacturers to guarantee itself qualified and customer qualification stringent scrutiny. The event of a customer not the preceding paragraph, the manufacturer may be subject to joint and several liability. 
"What did the trial, they helped do I fill as they say a few tables. Yang said that all formalities, and later bought the machine, do the loan are a sales staff to help handle, but the handle is going well. This smooth process let reporters surprise, asked Yang that he signed and which bank loan agreement, the Lao Yang a moment she could not answer queries contracts, he told reporters Zhengzhou local Everbright Bank. "I put the money to people below, the following people look for Trinity, so they helped handed down." Yang said. 
The above-mentioned agents introduced in accordance with the purchase process, customers determine the the purchase three subordinates of finance leasing companies or asset management companies will start the mortgage loan application process, to help customers complete the loan. In this process, affiliated third-party company responsible for the qualification of the audit client, and at the same time guarantee for customers, help customers to obtain bank loans. 
However, Yang's experience thirty-one help him through bank loans, seem to ignore the customers qualified to review the key link. At least the old Yang told reporters, throughout the purchase process on the one hand no assets and engineering team strength inquiries and investigations. 
A multi-annual report disclosed that the company discretionary Hunan Zhongfa, and Kunshan hair (the Hunan hair subsidiaries) handle customers purchase mortgage loans to the banking application engineering machinery construction machinery and equipment for the production of the company " procedures, and customer charges a commission related loan amount is not more than the purchase of construction machinery paragraph 7, a maximum period of three years. This means, in accordance with the provisions of the mortgage loans, the purchase of equipment, and to pay a minimum of 30% down payment. Yang buy excavators, just pay the 20% down payment, get a smooth device. The reporter found in the survey, the number of personal customers only pay about 15% down payment to get the equipment. 
Yang told reporters that he paid more than 20% regarded, some peer large equipment to buy two or three hundred million, less the down payment. In this regard, the agents can also be confirmed. He told reporters that from the start in 2009, construction machinery enterprises in terms of sales, golf ball, in order to seize the customers and bigger sales, manufacturers will reduce the ratio of the first payment, the purchase value of 500 million dollars or even more expensive equipment when three or even allow customers to pay only 5% down payment. These agents introduced in a sales network in 5% of cases are not uncommon, zero down payment of the list also appeared. 
"If a finance lease, the customer zero down payment can put the machine to drive away." The agent also told reporters, zero down payment financing and leasing business has been widely used in the field of domestic construction machinery sales, on the one hand the user can quickly obtain machine , on the other hand, the manufacturers can further expand sales. 
But the reporter was found in the survey, and Yang, many obtained through finance leases the device individual customers, the same has not been strict qualification examination. Under the management of Volvo and other international companies, apply for financing leasing business for individual customers, except through third party review of the financial strength of the customer, generally also require down payment of a certain percentage of the first payment, otherwise it will generate huge risk. 
China Construction Machinery Association, one insider told the "Economic Information Daily" reporters, the expansion very thirty-one radical sales led the overall business often overlooked risk control, and this caused the situation of individual customers can not be on time payment. The agents is introduced, the actual audit of individual customers, the role of this process is very limited due to the three provides guarantees, the bank is almost totally dependent on the audit and to determine. 
Lao Yang and Trinity is in credit sales were risk prevention, the reporter contacted the three on the one hand to interview, but as of press time, three on the one hand did not respond. 
Out of control the risk of edge 
"In 2009, after the 'four trillion' cast down, low down payment or zero down payment does help manufacturers expand sales. But when engineering construction across the country, a bustling individual users be able to repay on time. But now the situation is not the same , real estate regulation, many individuals and small contracting team no job can be dry, would like to repay on time, it is difficult! "said the person familiar with. 
, Trinity aggressive sales strategy in this context, is a huge risk to the themselves. 
"I know too many personal customers and thirty-one disputes many of our customers are from rural areas, only collateral is to assess the value of the homestead of up to ten million of these people do not have a fixed income, but can be purchased to the value of over one million heavy machinery, real people can not imagine. "the insider added. 
In October 2011, Trinity Group released the second phase of the 2011 annual medium-term notes prospectus "disclosure," At present, the product sales of the company's balance sheet is divided into installments, mortgage loans or finance lease and full payment of four species of which about 10% of full payment, about 30% of installments, about 60% of the mortgage loans or finance leases. Insiders pointed out that the Trinity Group taking into account the 90% operating income by Sany Heavy Industry contribution, therefore, Sany sales model should be broadly similar to the Trinity Group. 
Sany finance leases in 2010, approximately 10% of the information disclosed in the Hong Kong Stock Exchange in September 2011. Thus, we can roughly calculate about 10% in the Sany four sales model, the proportion of full payment, installment accounts for about 30%, accounted for about 50% of the mortgage loans, finance leases accounted for about 10%. The reporter found that the vast majority of customers the same as the old Yang, installment and mortgage loans to purchase equipment. 
The insider installment and mortgage loans, including credit sales of Sany Heavy Industry sales growth has a significant role in promoting but thirty-one excessively loose credit conditions, but downstream demand be overdrawn, but it was finally laid a huge risk. 
In fact, a use radical means of credit sales, while Yang are constantly bigger sales, brought deteriorating financial data. 
Sany Heavy Industry, "installment" pulling sales made receivables have gone up. The end of 2010, Sany receivables of $ 5.7 billion, has soared to 134 million by the end of June 2011, the end of September 2011 and further rose to 149 billion yuan, to the end of the first quarter of 2012, accounts receivable has been as high as 201 billion compared to the end of 2010, a sharp increase of 14.4 billion yuan, an increase of a staggering 253%. 
In addition, the "installment" crowding out a lot of cash flow. Three "net cash flow generated from operating activities of up to 6.75 billion yuan in 2010, but the first three quarters of 2011, this figure fell sharply to -15.2 billion, to the end of the first quarter of 2012, the Digital has become -43.89 billion, showing a cash flow from operating activities is fast deteriorating. 
Thirty-one much in love with the "mortgage loan" also bring to the company a huge risk. The fiscal reported data show that as of the end of 2010, the Sany customers through Hunan hair and Kunshan handled mortgage loan balance has reached 17.434 billion yuan, and by the end of 2011, this data has surged to 21.022 billion yuan. Reported that the representation of the three fiscal, of Hunan hair and Kunshan in fat and Sany shared debt compensatory responsibility due to customers overdue payment mortgage loan business, which means that if a user can not be within the stipulated time, the bank repayment Third, we will have to repay the huge debt of 21.022 billion yuan. 
As of the end of the first quarter of 2012, a mortgage loans and receivables has accumulated more than 35.4 billion yuan, while outsiders predicted, with the Trinity in August 31, 2012 semi-annual report released two the item financial data may continue to deteriorate. In fact, the three also found that the severity of the problem. Trinity Group in October 2011, in its medium-term notes in the prospectus for the issue of early warning, installment, mortgage loans or finance lease is the Company's main sales method of settlement, if the future of the construction machinery market atrophy, customers of default may increase, which will bring the company's normal production and operation of an impact. In the earnings, this problem has also repeatedly be prompted. 
In the terms thirty-one aggressive credit marketing strategies are becoming attached to a malignant tumor on the body, has begun to allow thirty-one aching. The future, whether it will still continue this sales strategy will be the three have to seriously think about the problem. 
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Sany Heavy Industry radical credit sales surge breeding of the malignant tumor financial deterioration risk

"Credit sale" was Sany Heavy Industry (hereinafter referred to as the "three") rapidly improve sales performance ma...

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China International Bearing Industry Exhibition (CIBIE)

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China International Bearing Industry Exhibition 1990 held by China Bearing Industry Association since the first session, after 20 years of development, has become more sophisticated and more international. 2010 12th International Bearing exhibition area of 35,000 square meters, brought together nearly 600 exhibitors from 14 countries and regions, many of whom are world-renowned enterprises. The bearing has become the world's largest professional event. The four-day exhibition, professional audience of over 40,000 people. Buyers are active in 53 countries and regions, the exhibition hall for trade negotiations, many domestic and foreign buyers is the best platform to conduct business negotiations. 
Thirteenth China International Bearing Industry Exhibition from September 20 to 23 in 2012 in the Shanghai World Expo Theme Pavilion grand opening. By then, 42,000 square meters of exhibition space, is expected to be from around the world in 18 countries and regions will have more than 600 enterprises with domestic and international audience of over 50,000 people gathered in a. During the exhibition will also be held at the Shanghai International Bearing summit and a series of technical presentations, explore the latest trends of the bearings market, including the latest technological developments and case studies. 
 
Professionalism is bearing the show's momentum. In this international platform, will be presented to you: 
Bearings and related parts and components, 
Special bearings and components (automobile hub bearing units, linear motion bearings, constant velocity universal joint assembly, linear guides, linear motors, drive components / systems, spindle, motor spindle unit, ball screw linear guide movement, wind turbines bearings, etc.) 
Bearings for machine tools; 
Special processing machinery and equipment (washing machines, heat treatment equipment, marking machine, light machine, assembly lines, etc.); 
Bearing inspection, measuring and test equipment; 
Bearing machining tools, fixtures, abrasive tools and related products; 
Machine tool ancillary equipment; 
Bearing grease, lubricating and rust-proof materials, cleaning agents; 
Information, advice and services. 
Outlook and Prospects 
A lot of demand for high-precision, high-reliability bearings further promote China's economic development, but also lay a good foundation for the steady development of the bearing industry. 2012 exhibition will be organized to participate in a wider range of domestic and international exhibitors and buyers. Positive when the country "second five" planning the second year, During the exhibition, new products, new technologies, new materials, new techniques show will promote greater development of the trade of bearings, provide a broad space for development. 
Show publicity activities: 
* Promotional materials mailed to all over the world of professional associations and units, exhibition newsletters, invitations; 
* The number of newspapers, professional magazines published in the exhibition information; 
* Invitation has the purchasing power of buyers come to visit, negotiate; 
* The official website to update the show dynamic; 
* Free in the Show Catalogue published in the English Profile exhibitors and products; 
* For the professional audience the manufacturers product classification index. 
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China International Bearing Industry Exhibition (CIBIE)

China International Bearing Industry Exhibition 1990 held by China Bearing Industry Association since the first session, after 20 years of...

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BICES 2013 Twelfth China (Beijing) International Construction Machinery

BICES 2013 Twelfth China (Beijing) International Construction Machinery

BICES 2013 Twelfth China (Beijing) International Construction Machinery, building materials machinery and mining machinery exhibition and...

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2013 Germany Bauma Bauma in Germany (2013)

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2013 Germany Bauma Bauma in Germany (2013) 
Exhibition                                        <img alt="2013年德国宝马展" src="http://image.cn.made-in-china.com/20f15j01jZQtGkfzRarM/2013%E5%B9%B4%E5%BE%B7%E5%9B%BD%E5%AE%9D%E9%A9%AC%E5%B1%95.jpg" /> 
Organizations :: United business collects International Business Consulting Co., Ltd. 
Exhibition Dates: 2013-04-15 to 2013-04-21 
Venue: New Munich, Germany International Convention and Exhibition Center 
Hall address: New Munich, Germany, the International Convention and Exhibition Center 
Country: Germany 
Show Home: Visit the official website 
Trade 
Construction and decoration materials, industrial equipment and components, manufacturing and processing machinery, metallurgy mineral and energy 
 
Exhibits 
; Construction machinery; lifting machinery and transport equipment; construction equipment, tools and special systems; processing and the use of concrete and mortar cement building; of concrete machinery; cement machinery; Formwork and Scaffolding; construction site facilities;, and all kinds of accessories; scaffolding, building templates, and tools. 2: mining industry, mining equipment; mining machinery; mining equipment; mining processing equipment; beneficiation equipment; materials preparation technology (including coking plant equipment) industry equipment and technology products. 3; production of construction materials: the manufacture of cement, lime and gypsum compounds for building materials; machines and systems for the production of concrete, concrete products and prefabricated parts; asphalt production machines and systems; mixing dry mortar production machines and systems, gypsum board and building supply store building products; production the lime sandstone machines and system; building products using power plant residue (fly ash, slag, etc.); production of building materials machinery 4: Components and service suppliers; drive engineering, fluid engineering, electric power unit all related topics; accessories and high-usage parts; services; test, measurement, control and control systems engineering; communication and navigation; work safety industry. 1: All construction machinery and equipment, and related: construction machinery; engineering vehicles 
 
Show Information 
30, 2013 session of the German international engineering machinery, mining machinery, building materials, machinery, industrial vehicles and Parts Expo 
Show time: April 2013 15-21 
Venue: New Munich International Exhibition Center New Munich Trade Fair Centre Organizing Committee: Messe München GmbH 
Exhibition period: three-year term 
Organizer: Beijing Union business collects International Business Consulting Co., Ltd. 
About Event: 30th Annual German international engineering machinery, mining machinery, building materials, machinery, industrial vehicles and Parts Expo held bauma 2013 will be held 15-21 April 2013 in Munich, Germany (every three years). The expo is the largest science and technology, commerce, information, and technical cooperation in one construction machinery, mining machinery, construction machinery, engineering vehicles and accessories, such as on the international trade fair, exhibition area is expected to be over 600,000 m2, visit The number of over 550,000 people. The last show in 2010 on the 29th exhibition attracted a total of 3,256 companies from 53 countries participated in the exhibition. The official statistics from more than 200 countries in the world, more than 420,000 people in the trade visitors procurement exchanges. At the same time in 2013, there will be more than 50 industries to provide technology, design, information, trade, lease exchange seminars for exhibitors and visitors. Successfully organized the exhibition in 2010, in 2013, my unit-linked business collects International Business Consulting Co., Ltd. will continue to organize the visit and inspect the work of this industry event exhibitors, exhibition participants examine you bauma2013 provide better service . 
Market context: for Europe according to industry sales in the national point of view, the country ranks first in sales in Germany, sales totaled $ 6,000,000,000; ranks second in the United Kingdom, sales amounted to $ 4 billion, and turn down is Italy $ 3.9 billion, France $ 2.9 billion. The production of these four countries accounted for 75% of European engineering equipment production total. 2005 to promote the positive factors of the European equipment needs: Once again, we expected will increase construction projects in Europe, the European Engineering Association forecast construction in Western Europe grew 1.7%, and the construction of the new EU member states, a growth rate of 8.1 %. Therefore, we expect the demand for equipment in the larger construction market will be even greater. Bauma 2013, I believe that Chinese enterprises will achieve greater harvest. 
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2013 Germany Bauma Bauma in Germany (2013)

2013 Germany Bauma Bauma in Germany (2013) Exhibition Organizations :: United business collects ...

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Layoffs storm the whole story of sanyi

July 4, Sany Heavy Equipment Human Resources Director Cai Zelan first come into contact with those disgruntled employee. Because they are at short notice to participate in a six-month off-site training, Caize Lan looks ordinary but all of a sudden be "lit up". 
 
What happened 
 
Afternoon, more than 100 people to contain the company's human resources. "They say you want an explanation: outstanding graduate student selection in the year are 985,211 school graduation, why organizations optimize out?" Caize Lan said that most employees feel "shame, inferiority, be abandoned by the department". 
 
"Our first reaction is to staff some panic. Machinery industry market environment is not good, is not optimistic about the media pass for the information, coupled with on June indeed more than a dozen engineers in the labor contract expires, because the performance appraisal did not meet The company does not have its renewed contract afterthought for many days, Cai Zelan feeling judgments seems a bit optimistic. 
 
In fact, the staff concerns and industry integrity of adjustment is not unrelated: This year, major construction machinery products decreased greatly, including excavators, bulldozers, cranes, road rollers, pavers cumulative sales of the first five months drop more than 30 percent year on year. The profits of the industry key enterprises for the same period totaled only $ 13.805 billion, down 20.34 percent. This makes the 13 stocks in June, the average decline of up to 18.89% of the construction machinery industry. 
 
"The market is not good, this training takes so long, but the company did not clear how to arrange training. Another factor was weeks total (refer to the SANY Heavy Equipment general manager Zhou Wanchun) did not come forward." A staff representatives to participate in the negotiations, told reporters. 
 
The next day, a lot of media began to follow up the matter, several major portal to the news of the class such as "layoffs storm" hanging in a conspicuous location. Trinity Group became an instant target of public criticism, the cumulative decline of the two-day stock has more than 5%. Was looking for companies to claim R & D engineers, evolved into the left, to compensate. 
 
Day, more than 100 employees decided to leave, related to labor and social security departments have begun to follow up the matter. Caize Lan said: "We had to arrange for training, without ever having left instructions to make these R & D personnel, about to go to so many people to complete the breach of the original intention of the training, it was my job to explain becomes hard to retain." While Group president's instructions to Zhou Wanchun hands: "do not have to lay off basis, shall not be approved." 
 
Cai Zelan had personally written an open letter. In the letter, he cited the Group Chairman Liang Wengen early to sell the sheep, and Zhou Wanchun experience in the workshop as an apprentice, "You are all graduated less than two years of college students, departments to arrange to attend the training, what a shame, not that dignity compromised. "The full-time training, our work is ready in place, poor communication, does not make clear in the selection process, training forms, training arrangements, leading you to question the purpose of this training, understandable, but please do not doubt the good intentions and expectations of the company to arrange this training. "Caize Lan said. 
 
After Zhou Wanchun back to the company, two hours discussion with the staff, clear to the employees of several signals. First, they have been the company's most important talent pool, we have invested 2.2 billion yuan mechanized mining Industrial Park have just gone into operation, mechanized mining as a future major profit growth point, the current domestic market share is less than 1% Most of you is fully mechanized mining the future development of preparation. "to shorten the training cycle, reduced from 6 months to 2 months, and during the training period to maintain wages. The third is the employees are free to choose to continue to participate in training, back to the original post or leave. 
 
Growing Pains 
 
It temporarily calm down, three internal and did not stop on their own review. Sany Heavy, deputy general manager Liu told reporters, "It was the final analysis, internal staff 'mistake to do' and some of the media's 'misunderstanding'." 
 
These employees, 60 percent of graduate students graduated last year, a year when Sany Heavy Equipment business of the busiest and fastest growing year. As a result, many employees are not trained directly Placement. "For us to do the engineering machinery, but in fact, no less than the workshop is difficult to do well this thing, our Research Institute and supporting Dean are out from the coal mine." Liu said. 
 
Trinity Group, training has always been a very conventional project has been a corresponding process. Newspaper reporter to get the Sany Heavy 2012 annual training plan, training courses for different positions up to 117 the total number of training 50,996 people. Caize Lan said: "31 Group to implement the budget evaluation system, but only one cost overruns from budget assessment, is the cost of training. Training hours per capita in 2012 we plan to 92 hours, in preparation for the research and development training, human resources Special in the second half of the budget an additional 1 million. " 
 
The reporter saw a material, 2011, Sany Heavy training total expenditure of 11,152,100 yuan, the per capita cost of training reached 2779.68 yuan. "This does not include my training center 31 staff wages and benefits, and after each training will staff the exam evaluation, the results will directly affect their pay and promotion." Said Cai Zelan. 
 
This mechanism has not been questioned in previous years, the company's business by leaps and bounds, all the employees do not believe that three will lay off. When the economic situation is bad in the same way but it will be a different interpretation. "This is what we have not done well, the main objective of adjustment did not make it clear to employees." Liu said. Companies do want to take advantage of (market) this opportunity, these novice melted down, preparing for the future. "Liu is responsible for marketing, marketing and service personnel back to the Secretary for his monthly arrangement in rotation, this month plans stationed overseas over 100 service engineers back to do the training, "the operation rate of the entire coal industry has been very low, might as well let them come back to learn something." 
 
This starting point and not much problem, and related personnel are not in place when he is in the implementation. Happened, the entire communication is not smooth, many employees believe that their own views are not taken seriously. "The employees involved in the negotiations told reporters. "But in fact, seriously think about, will feel that layoffs do not fly. Coal mechanical level is far below the level of construction machinery, last year faster than the growth of the industry a lot of our new park voted so much money. capacity will be over a hundred billion, you say we layoffs going on? "the whole thing so that Liu feel a little incredible. 
 
The reporter to get the latest reply was: "due to individual Division staff work without the situation with the staff in advance to communicate, not doing fine, resulting in great views of the staff, and this storm, this is a serious dereliction of duty, the company has given to the relevant person in charge of the administrative level demoted. " 
 
To create a "myth", and founder Liang Wengen in the eyes of most people has been placed on the altar at Trinity. But in fact, its development has a large part of the reason is just fit the market's most violent period of rally in the market the cold now, as a private enterprise, it needs to be more agile in the market sense of smell and speed of response. Layoff storm "a wake to thirty-one mention the problem of talent is the most important issue of whether it can Everlasting. Growing Pains for a more than 5 million manufacturing enterprises, this is just the process of internationalization hurdle.

Layoffs storm the whole story of sanyi

July 4, Sany Heavy Equipment Human Resources Director Cai Zelan first come into contact with those disgruntled employee. Because they are a...

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Bauma China 2012 pre-registration web

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xciting numbers—Impressive quality</div>
 
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<img align="right" alt="bauma China 2012" border="0" class="Abstand-links-und-unten" height="175" src="http://media.nmm.de/94/bauma_china_images_medium_22_25655594.jpg" style="border: 0px none; margin-bottom: 5px; margin-left: 10px;" width="175" />1,892 exhibitors from 37 countries and 155,615 trade visitors from 171 countries: bauma China set new records again in 2010. But the international industry gathering is not just convincing because of its remarkable numbers across the board. The quality of its exhibitors and visitors is also impressive. 
 
All the international key players present their machines and products at bauma China. 93 percent of all visitors here are decision-makers who are looking specifically for new solutions: CEOs, managers, investors and buyers from around the world—and of course from Asia’s major growth markets in particular. 
 
bauma China 2012 | International Trade Fair for Construction Machinery, Building Material Machines, Construction Vehicles and Equipment 
 
27–30 November 2012 
 
Tuesday–Thursday: 9 am–5 pm 
Friday: 9 am–3 pm 
 
Shanghai New International Expo Centre (SNIEC), Shanghai (Pudong)/China  2345 Longyang Road, Pudong New Area 
Shanghai 201204, PR China 
龙阳路 2345 号上海市浦东新区 
201204 中国 <a href="http://www.bauma-china.com/en/travel" style="color: #0177c1; text-decoration: none;">Getting there</a> 
 
<a href="http://www.bauma-china.com/link/en/21548731/~/nodeid/15666178" style="color: #0177c1; text-decoration: none;" target="_blank"><img alt="Download" border="0" height="18" src="http://media.nmm.de/00/download_button_15667000.gif" style="border: 0px none;" width="57" /></a> <a href="http://www.bauma-china.com/link/en/21548731/~/nodeid/15666178" style="color: #0177c1; text-decoration: none;" target="_blank">Fact Sheet bauma China 2012</a> (pdf, 375 KB) 
 
Admission: Free of charge upon online pre-registration 
Onsite tickets will be available for RMB 50 
 
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Free of charge upon online pre-registration  web</h3>
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<a href="http://122.128.106.173/bauma/Visitor/Default.aspx?lang=en">http://122.128.106.173/bauma/Visitor/Default.aspx?lang=en</a></h3>
 
Visitor registration: 
Visitor registration will be online from August 2012 
 
Contact 
Messe Muenchen International  Phone +49 89 949-11478 
Fax +49 89 949-11479 
<a href="mailto:visitor@bauma-china.com" style="color: #0177c1; text-decoration: none;">visitor@bauma-china.com</a> 
 
For P.R. China 
MMI (Shanghai) Co., Ltd. 
11th floor, GC Tower, 
1088 Yuanshen Road, 
Pudong New Area, 
Shanghai 200122, P.R. China 
Phone +86 21 20205500 
Fax +86 21 20205655 / 20205666 
<a href="mailto:baumachina@mmi-shanghai.com" style="color: #0177c1; text-decoration: none;">baumachina@mmi-shanghai.com</a> 
 
Subsidiaries and offices worldwide 
 
<a href="http://www.bauma-china.com/link/en/23835623/~/nodeid/15666178" style="color: #0177c1; text-decoration: none;" target="_blank"><img alt="Download" border="0" height="18" src="http://media.nmm.de/00/download_button_15667000.gif" style="border: 0px none;" width="57" /></a> <a href="http://www.bauma-china.com/link/en/23835623/~/nodeid/15666178" style="color: #0177c1; text-decoration: none;" target="_blank">MMI worldwide – Please click here to download the list</a> (pdf, 84 KB) 
 
Organizers 
Messe Muenchen International 
MMI (Shanghai) Co., Ltd. 
CCMA – China Construction Machinery Association 
CCPIT–MSC – China Council for the Promotion of International Trade – Machinery Sub-Council 
CNCMC – China Construction Machinery Co., Ltd.<a href="http://www.bauma-china.com/link/en/21548731/~/nodeid/15666178" style="color: #0177c1; text-decoration: none;" target="_blank"> </a></div>
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Bauma China 2012 pre-registration web

xciting numbers—Impressive quality 1,892 exhibitors from 37 countries and 155,615 trade visitors from 171 countries: bauma China set ...

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