Spend 16.3 billion! Weichai intends to merge overseas companies to enter the US market

Recently, KION, a subsidiary of Weichai Power, signed an agreement with Dematic's shareholders. KION has spent about US$2.1 billion (approximately HK$16.38 billion) to acquire all Dematic shares. The transaction will be paid in cash. Kion plans to borrow a temporary loan of 3 billion euros to pay for the acquisition. Weichai Power holds 38.3% of Kion’s equity and is the largest single shareholder of the company. Therefore, the transaction will help Weichai to enter the US market.
Weichai Power Weichai Power

Dematic is a leading global supplier of highly integrated automation technologies, software, and services to optimize the supply chain and meet the material handling needs of customers. Its product and system portfolio covers a wide range of applications, from automated guided vehicles to pallet stackers. Includes storage and sorting Equipment such as automated storage retrieval systems, sorters and conveyors, leading integrated software platforms and automation technologies.

Dematic customers include Ford Motor, Harry Motor, Amazon and Wal-Mart. Dematic achieved operating revenue of US$1.8 billion in 2015, and adjusted EBIT was US$166 million. Dematic employs nearly 6,000 skilled logistics professionals. The combined annual revenue of the two companies reached 6.7 billion Euros, adjusted core profit margin was 9.4%, and 30,000 employees were employed worldwide.

Dematic has a global engineering center and manufacturing base and has more than 100 locations in 22 countries around the world. With leading position in the United States, Europe and other parts of the world, it has provided more than 4,500 integrated systems for multi-industry SMEs, including the fastest-growing e-commerce industry.

Personal Purpose Hot Melt Adhesive And Equipment

Hot melt adhesive is short for hot melt adhesive, it does not use any solvent in production and application, non-toxic, tasteless, does not pollute the environment, known as "green adhesive", especially suitable for use in continuous production line. The application of hot melt adhesive is very wide, according to its application can be divided into: fabric hot melt adhesive, packaging and bookbinding furniture edge with hot melt adhesive, hot melt adhesive with hot melt pressure sensitive adhesive, thermoplastic powder coating, multi-purpose solvent hot melt adhesive and so on

Hot melt adhesive is a thermoplastic adhesive that is solid at room temperature but liquefied at higher temperatures. The molten liquid moistens the substrate, and when the adhesive layer cools and hardens, it forms gluing. The typical melting temperature is 65℃~180℃. Since it is 100% solid without any solvents, it can meet the most stringent air pollution control requirements and there is little risk of fire or explosion.

In addition, the hot melt adhesive has the following advantages for the user: ● curing speed is fast, reducing the amount of compression required for gluing, so the production speed can be improved, and the equipment space is also saved. ● It can be applied to hydrophobic surfaces without the need for wet dissolving agents. Therefore, it has water resistance and excellent storage stability. ● Less waste because 100% solid parts are fully available, which can reduce transportation and storage costs. ● Wide range of substrates that can be followed and can be automated.

Hot melt adhesive has a wide range of uses, and can become an economical material if it can match the equipment and price. The packaging industry accounts for more than 50% of the hot melt adhesive application market, and these packaging materials include pleated cardboard boxes, corrugated cartons, laminated cans, tapes and other laminated coating materials. Non-woven textiles include sanitary napkins, diapers, clothing fitting, sewing and so on. Woven products include ready-to-wear, edging, tape, carpet backing. Office supplies include tape, documents, self-adhesive labels, envelopes, and folders. The parts portfolio includes soft drinks, electronics, book packaging, furniture, shoes, DIY handicrafts, as well as carpentry, plywood and more.

Personal Purpose Hot Melt Adhesive And Equipment,Binding Agent,Yellow Adhesive Gun Strip,Hot Melt Stick Glue Strip

Shenzhen Tongde New Materials Technology Co., Ltd. , https://www.tdhotmeltglue.com

Posted on