Hardware Mould Industry Cluster Age Comes Social Capital Supporting Corporate Merger and Reorganization

Looking at the current national characteristic industrial park and clustering pattern, and the rise of hardware and die industry distribution centers around 2010, Luo Baihui, head of the International Die & Metal & Plastics Industry Suppliers Association, stated that China's hardware mold industry is encouraged by a series of policies and industries in the country. Guided by the international stage of the big industry, the era of hardware mold industry cluster has come.

As far as the domestic hardware mold industry is concerned, most SMEs are dominated by private enterprises. The “Opinions on Accelerating the Promotion of Mergers and Acquisitions of Enterprises” (hereinafter referred to as “Opinions”) drafted by the Ministry of Industry and Information Technology has recently been introduced, which will ease access to the private capital market. Luo Baihui believes that this move will encourage commercial banks to increase their credit support for corporate mergers and reorganizations, explore the establishment of specialized mergers and acquisitions, attract social capital to support mergers and acquisitions, and encourage listed companies to implement mergers and acquisitions and takeovers with stocks as their consideration. Purchase assets and other mergers and acquisitions. Not only solved the worries of weak corporate funds in the hardware mold industry, but also cleared the roadblocks for the merger and reorganization of the hardware mold industry, and further accelerated the pace of hardware mold industry cluster.

For industries with significant economies of scale such as steel, petrochemicals, automobiles, and ships, we encourage large-scale backbone enterprises to take the lead and promote cross-regional mergers and reorganizations. While controlling the interference of local governments, it is also possible to combine local industrial chains with each other to promote the healthy development of industries. Luo Baihui said that as a related industry in the iron and steel industry, the hardware and mold industry may be supported, especially supporting the development of the strong development of the shipping industry and hardware, molds, and machinery.

In addition, according to the principle of "advancement and retreat of state-owned capital," in competitive areas, all types of enterprises with market competitiveness and brand advantages will be encouraged to participate in the reform and reorganization of state-owned enterprises, in order to eliminate the local obstacles to mergers and acquisitions. The "Opinions" require local governments to clear up various administrative barriers, explore regional fiscal and taxation benefit-sharing models, gradually eliminate the executive ranks and benefits of state-owned enterprise leaders, reform the performance appraisal mechanism of local government and state-owned enterprises leaders, and incorporate mergers and acquisitions into the assessment scope.

For emerging industries such as new energy and electronic information, we will focus on promoting large and medium-sized enterprises to establish strategic alliances in R&D, production, marketing, and talent development to form a joint force. As the goal of the future development of the hardware mold industry, new energy has been put on the agenda. Various energy-saving hardware tools and mold machinery have gradually appeared on stage. Its research and development and personnel training are indispensable. The electronic information, as a new sales carrier for the hardware mold industry, has also become a new form, with sales volume rising steadily.