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Taizhou Sewing Machine Gangster: Crisis Shortening Progress

2009/3/28 0:00:00 34

Private enterprises have already sounded the clarion call for overseas search, or from sadness.

textile industry

Dependent

Sewing machine

Reporters learned that Taizhou

Sewing machine

Jack holding group, a leading enterprise, has signed a letter of intent with the European largest sewing equipment manufacturer, PFAFFindustrieMaschinenAG, Germany, and signed a formal agreement in early April.

Mr. Jack, chairman of the holding group, told our reporter that the acquisition was carried out after the failure of 100 Fu, the divestiture of debt and front-line staff, and the risk of Jack holding was very low.

In his view,

Economic crisis

Instead, it is an opportunity. Jack's form of collecting the books is advantageous. After the completion of the acquisition, he can enter the top five in the world. After 3 to 5 years' efforts, he can join the top three teams in the world.

  危机缩短做强进程

"Chinese enterprises must seize the opportunity this time."

Mr Fu told reporters that the acquisition is more concerned with the four aspects of technology, brand, talent and management.

"China's sewing machines and other industries are often big but not strong. This economic crisis has given Chinese enterprises a chance to make quick progress."

According to its introduction, Germany is a top sewing machine company with a history of 150 years.

In 2005, 100 Fu was controlled by the German Asset Management Co GCI, which accumulated 14 million 200 thousand euros.

2008 is global

financial crisis

The impact resulted in a huge loss and another 40 million euros in current liabilities.

In September 2008, GCI failed to find the intention investor to ease the crisis. The company was forced to file for bankruptcy.

Editor in chief: Xu Qiyun

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