The transfer of state-owned equity of Zoomlion gla

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The transfer of state-owned equity of Huaguang Group/Zoomlion glass to China building materials was approved

recently, the State Council said that the wear rate of parts. The state owned assets supervision and Administration Commission of the Academy respectively issued the reply on issues related to the free transfer of state-owned equity of Anhui Huaguang glass Group Co., Ltd. and the reply on issues related to the free transfer of state-owned equity of Henan Zoomlion Glass Co., Ltd. So far, Anhui Huaguang glass and Zoomlion glass have officially joined China Building Materials Group to realize the strong alliance

at the end of 2006, the national development and Reform Commission and other six ministries and commissions jointly issued several opinions on promoting the structural adjustment of flat glass industry, which is an important guiding document for the development of China's flat glass industry during the Eleventh Five Year Plan period and will have a positive and far-reaching impact on the development of China's glass industry. The opinions pointed out that: the advantageous enterprises should seize the opportunity of the increasing pressure of excess capacity of domestic flat glass and intensified market competition, and accelerate low-cost expansion through mergers and acquisitions. Relevant departments will formulate specific policies to promote the formation and development of large groups, and strive to form more than 10 large enterprise groups in the whole industry during the "Eleventh Five Year Plan"

China National Building Materials Group has the only three glass research and design institutes with grade a design qualification in China. It has mastered the domestic and international advanced core technologies with independent intellectual property rights in the research, development and service fields of float glass, processed glass and other glass products, and can undertake large-scale engineering design, construction, installation, commissioning, service and general contracting. He also has rich experience and excellent performance in the international general contracting projects of glass technology, and has signed a number of glass general contracting projects in Egypt, Ethiopia, Vietnam, Indonesia, India, Turkey, Russia and other places. In terms of the exploitation of the main raw materials of glass, China National Building Materials Group has rich advantages in silica sand resources, has mastered and developed new beneficiation technologies, and has built a large-scale high-quality silica sand supply base. In terms of glass production and processing, it successfully transferred 70% of the state-owned equity of Luoyang Float Glass Group Co., Ltd. in 2007, becoming the actual controller of Luoyang Glass Group. Relevant glass enterprises within China national building materials group give full play to the aggregation effect, and various business units, such as scientific and technological research and development, complete equipment manufacturing and foreign trade export, are interconnected and closely cooperated with each other, initially forming an upstream and downstream supporting glass industry platform

Anhui Huaguang glass group, founded in 1958 and approved by the people's Government of Anhui Province in 1997, is a large cross industry, cross regional and cross ownership enterprise group integrating science, industry and trade. Its core subsidiary, *st Fangxing, is a listed company listed on the Shanghai Stock Exchange and the largest ITO conductive film in China Information display materials and the only R & D and production base of float glass and glass deep processing products in Anhui Province. After nearly 50 years of construction and development, it has become a large enterprise group integrating scientific research and development, production and operation, and import and export trade. It has won the title of "best economic benefit enterprise" in the national building materials industry and Anhui Province for many consecutive years

Henan Zoomlion glass is a wholly-owned enterprise of Henan Zoomlion group. It was established in April2006 and is a wholly state-owned company. The company has a number of float glass production lines, with the production of high-quality float glass original pieces of white, sapphire blue, emerald green, malachite green and other varieties as the leading products. The company's "Yushang brand" float glass has successively won the honorary titles of "Henan famous brand product", "national authoritative inspection standard product" and "China famous brand". The product quality and price are stable, and it has a good reputation and influence in the same industry and customers

this transfer has created excellent conditions for China Building Materials Group, Huaguang glass and Zoomlion glass to realize resource sharing and complementary advantages. It is a major strategic measure for China Building Materials Group to build a glass manufacturing platform and improve the industrial chain, and will have a significant and far-reaching impact on the adjustment and development of the industrial structure of China's building materials industry. By maintaining and developing the advantages of Huaguang glass and Zoomlion glass, China Building Materials Group will give full play to its synergy with Luobo group, implement regional integration, and stabilize the domestic high-end glass market, which will greatly enhance the strength and competitiveness of the group in the field of glass manufacturing. After receiving the support from China National Building Materials Group in R & D, management and capital, Huaguang glass and Zoomlion glass will take advantage of their own advantages and seize the policy opportunity of rational layout and coordinated development in the central and western regions proposed by the state. They will have more and more broad development space and become the first-class management, strong innovation ability and high market share in the domestic glass industry. They can also be used as a cold source (heat source) to introduce the liquid in the tank, with good economic benefits Enterprise groups with international competitive strength have taken off again

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