The equity disputes between Shaanxi Automobile Group and Weichai Power have been buzzing, and this undoubtedly originated from Shaanxi Province's hope that Shaanxi Automobile Group will land on the A-share market. The primary premise is that Shaanxi Heavy Duty Truck is free from “control†of Weichai Power.
Tan Xuguang, chairman of Weichai Power, apparently has been fidgeting. If he loses his controlling stake in Shaanxi Heavy Duty Truck, the “heavy truck gold industrial chain†he has been heavily building is also in danger of breaking.
Shaanxi Automobile Group intends to land A shares
“Shaanxi Heavy Truck Co., Ltd. (hereinafter referred to as Shaanxi Heavy Duty Truck) is a key enterprise in the province and will not allow easy control of foreign capital.†On the evening of October 13, an insider who did not want to be named was on the phone to the “Huaxia Timesâ€. The reporter revealed that “Shaanxi Group has recently announced at its internal working meeting that the overall listing of Shaanxi Automotive Group Co., Ltd. (hereinafter referred to as Shaanxi Automotive Group) has been included in the plan of Shaanxi Province, and Shaanxi Automobile hopes to land on the domestic A-share market.â€
In the eyes of the above-mentioned persons, the Shaanxi Provincial SASAC hopes to take back Shaanxi Zhongqi’s controlling stake from Weichai Power through the overall listing of Shaanxi Automobile Group. It is reported that 51% equity of Shaanxi Zhongqi is owned by Weichai Power. Shaanxi Automobile Group holds only 49% shares of Shaanxi Zhongqi, and it is difficult to load Shaanxi Heavy's assets, which account for 80% of Shaanxi Automobile's operating revenue, into future listed companies.
Previously, the core competitiveness of Weichai Power has always been the "heavy truck gold industrial chain" that it advocates. Once it loses its controlling stake in Shaanxi Heavy Duty Truck, the chain will undoubtedly face the danger of being torn.
In fact, this hidden danger was revealed at the beginning of Weichai Power's acquisition of the Hunan Torch.
In August 2005, Weichai invested RMB 1.023 billion to win control of the torch. At the time, Tan Xuguang said in an interview with this reporter that through the acquisition of the Hunan Torch, Weichai Power initially had a complete heavy truck gold industrial chain model of “transmission + engine + axleâ€.
"In addition to the four companies involved in this industry chain, in addition to Weichai Power, the other three companies, namely Shaanxi Heavy Duty Truck, Shaanxi Fast Gear, and Hande Axle, were actually controlled by the Shaanxi State-owned Assets Supervision and Administration Commission for a 49% stake. Power Holdings is 51%.†An insider of Shaanxi Zhongqi International told this reporter that “the so-called 'golden industrial chain' is not solid, and Tan Xuguang actually thought that long ago.â€
Competition for control with Weichai
As Shaanxi Shaanxi's second largest controller, the Shaanxi Provincial Government has not stopped its “control over†of its controlling stakes.
It is reported that in the second half of 2006, in the course of the reorganization of the Hunan torch by Tan Xuguang, relevant departments of the Shaanxi Provincial Government hoped to introduce an investment of about 1 billion yuan for Shaanxi Zhongqi to increase the strength of Shaanxi Automobile Group. Subsequently, on December 7, 2006, under the leadership of the Shaanxi Provincial State Assets Supervision and Administration Commission, Shaanxi Yanchang Petroleum (Group) Co., Ltd. officially took a share in Shaanxi Auto and invested RMB 1 billion in Shaanxi Auto. After the investment, Yanchang Petroleum only enjoys the right to shareholder investment and the rights of its shareholders are exercised by the Shaanxi Provincial SASAC.
This is tantamount to sending an important signal to Tan Xuguang: As the largest shareholder of Shaanxi Zhongqi, Tan must follow suit, otherwise its control over Shaanxi Zhongqi will decline. Subsequently, Weichai Power increased its capital and the shareholding structure of both parties remained at 51% and 49%.
However, the retirement of Zhang Yupu, chairman of Shaanxi Auto Group, in June this year also made Tan Xuguang feel uneasy. Zhang Yupu, who was appointed as the executive president of Weichai Power by Tan Xuguang in 2007, retires in Xi'an, Shaanxi instead of Weifang, Shandong.
It is reported that Shaanxi Automobile Group, including Shaanxi Zhongqi, has been under Zhang Yupu's management "control". “Zhang Yupu is managing the enterprise on behalf of the Shaanxi Provincial Government.†This is the idea of ​​the majority of employees of Shaanxi Heavy Auto. The overall listing plan of Shaanxi Auto Group is also a plan formulated by Zhang Yupu at the time of his departure.
However, analysts believe that: “China National Heavy Duty Truck Group Limited raised more than 10 billion yuan in funds in Hong Kong for listing in 2007. Funds in terms of new product development, market development, and overseas expansion are more than adequate. Weichai Power has 51% of Shaanxi Zhongqi. The equity of the company is listed in the listed company. Therefore, it is meaningless for Shaanqi Group to install only the remaining 49% of the equity in the listed company. The company is inevitably facing the issue of competing with Weichai Power in the control of Shaanxi Zhongqi."
Tan Xuguang walks to the crossroads
All sorts of signs indicate that Fang Hongwei, the new chairman of Shaanxi Automobile Group, has begun to flex its muscles. On June 15, Fang Hongwei stated that it planned to invest RMB 3 billion in 2009 to build a car industry park in Baoji, Shaanxi Province, with major products such as China Card, special-purpose vehicles, mini-vehicles and auto parts. Subsequently, CITIC Bank will The bank grants RMB 3 billion for corporate development.
Relying solely on bank loans to get rid of funds is one of the main reasons why Shaanxi Province is eager to promote the overall listing of Shaanxi Auto.
In order to break into the mini-car market, Fang Hongwei explained that "in order to deal with the current financial crisis, take the road of connotative development, and extend the industrial chain".
"In fact, Fang Hongwei's real intention is to gradually get rid of the shadow of Weichai Power's control. Shaanxi Automobile Group will gradually operate independently and only expand into other areas." Analysts believe that prior to this, Shaanxi Automobile Group has been deepening institutional and mechanism reforms for the whole Prepare for listing. Currently Shaanxi Automobile Group owns 15 holding subsidiaries such as Shaanxi Heavy Duty Truck, Baoji Huashan Engineering Vehicle Co., Ltd., Shaanxi Aushuute Automobile Co., Ltd., Xi'an Cummins Engine Co., Shaanxi Hande Axle Co., Ltd., and Shaanxi Heavy Duty Auto Parts Co., Ltd. , And the above-mentioned subsidiaries will all be within the listing plan of Shaanxi Auto.
"Utilizing Shaanxi state-owned enterprises and the cooperation between Shaanxi domestic enterprise resources and Shaanxi Auto may be an effective way to counterbalance Weichai's power." A person familiar with the situation told this reporter: "If you lose control of the above three 'Shaanxi' companies, The largest domestic commercial vehicle camp led by Weichai will face the danger of 'dissolution'."
On March 20, 2006, the State-owned Assets Supervision and Administration Commission of Shandong Province formally released the equity relationship between Weichai Power and China National Heavy Duty Truck. Tan Xuguang got rid of the “tie†of Chairman of China National Heavy Duty Truck Group Ma Chunji. However, Shaanxi Shaanxi Automobile's “Eastern†Shaanxi Provincial Government will, if it does, leave Shaanxi Weichai Power much better than Weichai Power's control from China National Heavy Duty Truck Group.
1.Welding materials
In Welding, substances called filler materials or consumables are used. As the name implies, these substances provide filler or a body of molten materials that provides a strong bond to be formed between the base metals used. Most welding processes will also require some form of shielding to protect both the main components and filler from being oxidized during the process.
The type of welding materials used during welding depends on the nature of the job intended. Electrodes draw the necessary energy in order to perform welding applications. Luoyang Golden Egret Company has any kind of welding materials include CTC Welding Rod /rope, SCTC welding rod/rope, TC electronic welding rod, Ni-based welding rod, flux-cored Welding Wires, solid welding wires and etc.
Welding can be applied in different kinds of industries such as building and construction, oil and gas, marine, power generation, steel, mine tools, automobile, transportation and etc.
2. Welding rod
1)Cast tungsten carbide based tubular rod
The hard phase of the rod is cast tungsten carbide which leads to higher hardness and better wear-resistance.
Wear resistance: the wear resistance is 6-7 times better than others. Tested by ASTM G65
Mainly used for Mining machinery, Geological tools, Petroleum drilling tools etc, by Oxy-Acetylene with weak carburizing flame.
Product recommendation:
GT1103 (CTC, 60-80 mesh),
GT1103-1(CTC, 20-30 um),
GT1103-2(CTC, 40-60 um)
2)The hard phase of tube rod is carbide pellets which leads to higher impact resistance and better wear resistance than CTC cloase rod.
Wear resistance: the wear resistance is 6-7 times better than others. Tested by ASTM G65 wear test.
Mainly used for mining machinery. Geological tools etc; by Oxy-acetylene with weak carburizing flame.
Product recommendation:
GT2102 (Cemented carbide grit, 30-60mesh)
GT2102-2(Cemented carbide grit, 30-40mesh)
GT2102-3(Cemented carbide grit, 40-60mesh)
3)Tube rod is composited by Cemented carbide pellets, Spherical CTC and CTC. The layer has higher impact resistance, better wear resistance and good fluidity than other rods.
Wear resistance: the wear resistance is 6-7 times better than others. Tested by ASTM G65.
Mainly used for oil method drill bits, such as Tri-cone bit, Steel tooth bit, PDC bit, etc. By Oxy-Acetylene with weak carburizing flame.
Product recommendation:
GT3302 (carbide pellets, 20-40mesh)
GT3302-1(carbide pellets, 14-40um)
4)The hard phase of the rod is monocrystal WC, the welding layer has a higher wear resistance and better impact resistance.
The wear resistance is 6-7 times better than others, tested by ASTM G65 method.
Mainly used for the repair and strength for oil drills bits, such as PDC bit diameter holding by Oxy-Acetylene with weak carburizing flame.
Product recommendation:
GT4104 (Monocrystal WC, 80-200mesh)
3. Welding Rope
Made form mixture of CTC and self-fluxing nickel alloy covering on nickel wire. The CTC is in spherical or irregular with good wear resistance; the nickel alloy is in spherical or nearly spherical shape with good wettability and erosion resistance and better corrosion resistance than tubular rod.
Recommend to use Petroleum drilling tools, Concrete mixing blade, Mud pump, Coal sluice, Coal drill pipe, Tunnel drilling machinery etc.
By Oxy-Acetylene Welding with weak carburizing flame.
Product recommendation:
GS110450N (CTC, 4mm, HRC 47-55)
GS110550N (CTC, 5mm, HRC 47-55)
GS110650N (CTC, 6mm, HRC 47-55)
4. Welding Bar
The rod is sintered by CTC and Ni-based powders. The CTC(Cast Tungsten Carbide) is in irregular or spherical shape with better wear resistance and the nickel alloy is in spherical or nearly spherical shape and has good wettability with cast tungsten carbide. The cladding layer has a higher impact resistance and better wear resistance.
Its wear resistance and corrosion resistance is between tube rod and flexible rope.
Mainly used on the Steel PDC bit, Concrete mixer blade, Mud pump, Miner chute, Miner drill stem and Mechanical parts of Tunnel rock drill machine etc.
Welded by Oxy-Acetylene with weak carburizing flame.
Product recommendation:
GD4025253-3(CTC, SCTC, 4*600/6*600)
GD4030303-3(CTC, SCTC, 4*600/6*600)
5. Welding wire
Intensified molybdenum titanium vanadium composite chromium carbide welding wire can improve layer`s bonding strength and tenacity. This wire can use for multilayer welding which has no peel off, and it can maintain good wear resistance under certain impact working condition.
Product recommendation:GSQD671Mo-4(1.6mm)
Medium carbon and high chromium wear resistance welding wire has a higher hardness, stronger wear resistance, and excellent toughness by adding a certain amount of molybdenum alloys and boride. It has a better impact resistance and strip resistance than high chromium cast iron type materials
Product recommendation: GSQD621Mo-4(1.6mm)
With high sphericity & excellent alloy organization, cemented carbide pellet is mainly used in welding, as an adding material of PTA Powder , tubular welding rod, to improve the wear resistance of the workpieces greatly.
Product recommendation: GQ06
Cemented carbide grit with different percent of cobalt has good abrasive resistance and is widely used for making grinding, polishing and cutting tools.
Product recommendation: GS08A
Weld Materials,Tubular Welding Rod,Welding Electrodes,Stainless Steel Welding Rod
Luoyang Golden Egret Geotools Co., Ltd , https://www.xtccarbide.com