Shandong Heavy Industry Group Aims at Fortune 500
2012-11-20 Source：www.chinabuses.org
Summarize：Chairman of Shandong Heavy Industry Group Tan, Xuguang, two-time CCTV "Annual Economic Figure", has a secret that he wishes to take the Group into Fortune 500 by 2020 before he retires.
www.chinabuses.org: Chairman of Shandong Heavy Industry Group Tan, Xuguang, two-time CCTV "Annual Economic Figure", has a secret that he wishes to take the Group into Fortune 500 by 2020 before he retires.
The outside regards Mr. Tan as a passionate entrepreneur, while he thinks of himself as "a person in pursuit of professional dream". What he concerns the most is the international strategy of the Group.
On the first workday after the National Day holiday of 2012, Weichai, affiliated to Shandong Heavy Industry Group, held a meeting themed by "Going to the World - Internationalization of Weichai", and Mr. Tan gave a speech.
In January 2009, Weichai purchased Moteurs Baudouin; Weichai acquired a controlling interest in luxury Italian yacht manufacturer Ferretti.SHIG-Weichai Group acquired a 75 per cent interest in the yacht maker through a total investment of EUR374 million, including equity investment of EUR178 million and provision of debt financing of EUR196 million, after the completion of the debt restructuring procedures in January 2012; Weichai and one of the global leading industrial forklift manufacturers and the world’s leader of hydraulic technology — Germany Kion Group signed strategic cooperation agreements in September 2012.
"Brand value of Weichai increased CNY 5 billion and Weichai is famous in Europe." Mr. Tan told the reporter.
From Weichai going public to the mergers of Moteurs Baudouin, Ferretti and Kion Group, Tan, Xuguang said he realized the power behind the capital and concluded: capital awareness, resource seizing, capital expansion and advanced technology.
In deep thought of globalization, Mr. Tan realized the path ultimately leads to global resource allocation, which is tied with capital.
"It might take 30-40 years to build the brand by ourselves. We will try to control global resources at the right time and coordinate our advantages and overseas resources." Mr. Tan shared his ambition and plan.
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