The $253 Million Acquisition Of The Famous Canadian Textile Enterprise

2011/5/9 9:30:00 95

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Volvo

Last year, the Geely Group successfully acquired.

Volvo

Later this year, there was another private enterprise in Hangzhou, the rich group, which bought Canada's new special cellulose Co., Ltd. for $253 million.

The leading product of Fu Li Da is viscose staple fiber, that is man-made fiber, is a kind of textile material. Canada New Zealand special cellulose Co., Ltd. is one of group suppliers. It is also a professional manufacturer of wood dissolving pulp (commonly known as wood pulp) in the world, and one of 3 companies that can produce special dissolving pulp in Canada.

Through acquisition,

Fu Li Da

The group can have all the interests of Canada's new company, control the company's assets and raw material procurement channels, and all production and sales networks, effectively solve the current source of raw materials.

Yesterday, Hangzhou held a seminar on private enterprises' participation in international economic cooperation, and the successful acquisition case of the group reached a major highlight.

Shao Zhanwei, deputy secretary and mayor of Hangzhou Municipal Committee, said that Hangzhou had a large number of highly intelligent and enterprising private entrepreneurs, which made him feel "admirable" and made important contributions in participating in international economic cooperation.

Shao Zhanwei said that in deepening international economic and technological cooperation, we must grasp three important events: first, we must vigorously support "taking the people as the guide," and the two, we should encourage private enterprises to actively "go out" in various ways, and three, optimize services.

Creating atmosphere

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They are positive representatives of "going out".

According to statistics of Hangzhou foreign trade and Economic Cooperation Bureau, 6 of the 13 world top 500 projects introduced by Hangzhou last year were the 500 cooperation between the world's top 500 and private enterprises, which effectively promoted the strong combination of high-quality private enterprises in Hangzhou with well-known multinational companies.

Kaiyuan hotel is a typical example of "taking people as an example."

Kaiyuan hotel in the past few years and internationally renowned investors Carlyle investment group, not only effectively circumvent the global financial crisis, but also the use of foreign capital, advance into the World Hotel 100 mandatory.

Many enterprises in the world top 500, such as the Eli Lilly, Otis, Sumitomo, Switzerland, Novartis and Taiwan Yulong, have entered Hangzhou.