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摘要
近年来随着宏观经济的疲弱,并购在全球化工行业越来越活跃,并购交易额在2017年达到创纪录的3 000亿美元。美国陶氏化学和杜邦的合并以及PPG收购多家涂料服务商等并购案,均表明国际化工并购在向专业单一化业务模式转型。中国、印度等新兴国家为寻求先进技术与应用,纷纷进入新市场并不断扩张。中国在2015年已成为仅次于美国的世界第二大化工业并购交易市场。国际化工企业往往通过并购获取进入新行业的先进技术和人才,壮大企业实力,利用规模优势攫取垄断利润。中国化工产业要抓住国家政策机遇,采用并购战略解决技术缺乏和市场壁垒难题,实现化工产业的跨越式发展。
Abstract
M&A actions have become increasingly active in the global chemical industry in recent years with the weakening macro-economy.Total M&A transaction amount in the industry reached a historical high of US$300 billion in 2017.The merger between Dow Chemical and DuPont,PPG's acquisition of a number of paint service providers and other mergers and acquisitions indicate that international chemical mergers and acquisitions are shifting to professional homogenization business model.In search of advanced technology and applications,China,India and other emerging countries have entered new markets and continue to expand.In 2015,China has become the world's second largest market for chemical mergers and acquisitions after the United States.International chemical companies often acquire advanced technologies and talents to enter new industries through mergers and acquisitions,strengthen their own enterprise strength and utilize scale advantages to obtain monopoly profits.Chinese chemical industry shall seize the opportunity brought by national policies,adopt M&A strategy to solve the problems of technology shortage and market barriers,and realize the leap-forward development of the chemical industry.
关键词
并购
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精细化工
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并购动机
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并购趋势
Key words
merger & acquisition
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fine chemicals
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M&A motive
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M&A trend
国际并购将助力我国化工产业迈向中高端[J].
, 2019, 39(5): 5-9 DOI:10.16606/j.cnki.issn0253-4320.2019.05.002