Leading the semi-trailer industry, CIMC vehicles entered the offering on the third day
leading the semi-trailer industry, CIMC vehicles entered the offering on the third day
China Construction machinery information
from left to right: Li Zhimin, vice president and Secretary of the board of directors of CIMC vehicles, ye Jianfeng, executive vice president and chief operating officer (Overseas), Li Guiping, executive director, CEO and President, Ji Haifeng, executive vice president and chief financial officer, Sun Chunan, executive vice president and chief operating officer (domestic), Yan Fucheng, global investment director
in recent years, thanks to the development of the global economy as a whole, especially China's economy has been growing thanks to the positive development of construction activities, the semi-trailer market has also grown rapidly, and the market demand has remained high. The global sales volume of semi trailers increased from about 901700 in 2013 to about 1200000 in 2017, with a CAGR of 7.0%. Among them, the operation of plastic granulators covers a wide range of fields. The sales volume of semi trailers in China also increased from about 265300 in 2013 to about 417300 in 2017, with a CAGR of 12.0%
according to frost Sullivan, CIMC vehicles (Group) Co., Ltd. () (hereinafter referred to as CIMC vehicles) ranked first in the global semi-trailer market in 2017, with 121736 vehicles, accounting for 10.3% of the market share. In addition, CIMC vehicles also led China's semi-trailer industry in 2017, with sales of 65446 vehicles, accounting for 15.7% of the market share. The company was publicly offered from June 27 to July 3. Today, it has entered the third day of the offering. The stock code is, and the offering price per share ranges from HK $6.38 to HK $8.08. It plans to be listed on the main board on July 11
leading the semi-trailer industry, the performance has increased rapidly.
CIMC vehicles has manufactured and sold semi-trailers since 2002, and has led the global semi-trailer industry after years of development. It is reported that it has become the world's largest semi-trailer manufacturer for five consecutive years since 2013. In 2017, its sales volume led the world and China, accounting for 10.3% of the global market share and 15.7% of China's market share, and it has successfully ranked among the top five semi-trailer manufacturers in the North American market
the leading position and excellent performance benefit from CIMC vehicles' strategy of "global operation, local wisdom". Among them, the strong ability of cross-border design, cross ocean manufacturing and global supply chain has contributed to the success of its global operations. With its successful M & a history in China, North America and Europe, CIMC vehicles has achieved synergy by sharing the design and production knowledge of its product portfolio in these regions. At the same time, it has established a long-term strategic relationship with the world's leading suppliers, so as to obtain the supply of key raw materials and parts and improve procurement efficiency. CIMC vehicle manufacturing and assembly plants are located in eight countries. They complete the corresponding manufacturing processes in competitive markets, giving play to their comparative advantages in cost, design and technology. For example, they produce cost-effective products in China and conduct final assembly in overseas markets
in addition, local wisdom has also successfully supported the global operation of CIMC vehicles. 16.3% of the employees in 2018 were overseas employees. Using the knowledge and experience of the localization management team, CIMC vehicles has an in-depth understanding of local customers' preferences and regulatory requirements, The contract price of Wener LLDPE is 7980 cents/pound (1), which drives long-term growth and seizes opportunities in various markets. It has established 31 manufacturing and assembly plants in China, the United States, the United Kingdom, Australia and other places, and the total annual production capacity of global production plants has exceeded 160000 by 2018.
excellent R & D capacity, focusing on automated production
implementing "global operation, local wisdom" While expanding its global coverage, CIMC vehicles also continued to upgrade its manufacturing specifications and processes, focusing on modular design and automated production. In 2014, it set up a "Lighthouse" plant in China, a production plant using highly automated equipment, to improve product quality, consistency, productivity and cost-effectiveness. At present, it has three automated "Lighthouse" plants in Dongguan, Yangzhou and Zhumadian
in addition, CIMC vehicles has more than 600 R & D personnel, focusing on R & D work, including upgrading technical features, improving product performance and improving the standardization level of key components. It has led or actively participated in the formulation of 14 Chinese national and industrial standards, and has more than 800 product and technology patents, which proves the strong R & D ability of CIMC vehicles and leads its production of products leading the market
based on its leading market position, CIMC vehicles is expected to further consolidate its industry-leading position in the global semi-trailer market with highly integrated and synergistic global operations and local wisdom, excellent R & D and manufacturing capabilities, and excellent performance
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