Dye Industry Stepped Into The Era Of Integration

In recent years, China's dyestuff industry has developed rapidly, forming an independent industry from raw materials, intermediates, auxiliaries to finished products, and various types. At present, China can produce sulphur dyes, direct dyes, acid dyes, basic dyes, ice dyestuffs, and reduction. dyestuff , activity Dyes, disperse dyes, neutral dyes, cationic dyes and other 11 categories of dyes, nearly 400 species.

Dyes in China in 2010 yield Reaching 756 thousand tons, China has become the world's largest producer of dyes, consumption and trade. Since 2010, China's dyestuff industry has been constantly acquiring M & A events. From the perspective of the securities market, some dyes or enterprises involved in dyes have not stopped since the listing, but the speed has gradually accelerated. From the perspective of these enterprises themselves, they are not satisfied with their own development, and their mergers and acquisitions have moved from domestic to international. It can be said that domestic mergers and acquisitions are in full swing, and capital chariots are vertically and horizontally international.

Zhejiang Longsheng successfully intervened in the world's dyestuff giant in the early part of the year. In February last year, Zhejiang Longsheng and India KIRI company acquired the market with a high price of 110 million euros in 2010. Speaking of Germany's "World Dyestuff giant", it is known to everyone in the field of chemical industry. Before 2008, the world's largest dye supplier accounted for about 21% of the world's market share. It has 18 factories in 12 countries, and has 1800 patents. The annual sales revenue is about 800 million euros. 3 years ago, the financial crisis led to the bankruptcy proceedings of de star. This acquisition is of great significance to Zhejiang Longsheng. Zhejiang Longsheng group Limited by Share Ltd has completed the international layout of the dye research and development system and sales network with the opportunity to acquire de SDA. According to Xiang Zhifeng, executive deputy general manager of the company, Zhejiang Longsheng's dyestuff output has been the world's first since 2009, but it still has a distance from the world's leader in dyestuffs. The acquisition of de Si Da really brings Zhejiang Longsheng to the world, making Longsheng a truly global leading dye enterprise.

Just after Zhejiang's Longsheng became the "international giant", it shared the same barrier with Longsheng, Zhejiang. In June of this year, they invested $7 million 500 thousand to increase the investment of German York stock holding company, making Yorkshire a 60% stake. At present, the company has begun to integrate Yorkshire and make full use of Yorkshire's brand and overseas sales advantage to expand its overseas market. However, the pace of mergers and acquisitions of intercontinental shares has not stopped. Then they fought for the domestic market and bought a 70% stake in Jiangsu Ming Sheng Chemical Co., Ltd. for 149 million yuan.

It is the second largest dyestuff enterprise in China. Its main revenue and profit come from the disperse dyestuff business. It has 110 thousand ton / year disperse dye capacity and the domestic market share is around 30%. The production capacity of reactive dyes is 30 thousand tons / year, the domestic market share is about 15%, and the net profit compound growth rate of the last three years is 22%. According to the insiders, Zhejiang Longsheng and intercontinental shares both bought the World Dyestuff giant, which means that China has become the world's largest dye base, and dye leading enterprises have firmly grasped the industry's "right to speak".

Another listed company, anoit, is also unwilling to be lonely. As a new force and rising star, it is also on the road of becoming bigger and stronger. Anoits (300067) announced in the evening of October 25th that the company intends to use over raised funds totaling 44 million 700 thousand yuan, of which 29 million 700 thousand yuan is used to acquire 90% of Zhejiang Huasheng Chemical Products Co., Ltd., and 15 million yuan is used for further cash increase. The company said that through this transaction, it will help the company expand the market of textile auxiliaries and expand its market share in the field of textile chemicals.

In recent years, the rapid development of China's private dyestuff production enterprises has greatly promoted the reform and development of domestic dyestuff production enterprises. The domestic dyestuff industry has shown a new industrial pattern and strong growth momentum, and is in a completely competitive situation as a whole, and its international competitiveness is constantly increasing. At the same time, the concentration of domestic dyestuff industry has been increasing. At present, the most commonly used disperse dyes field in China has basically formed the competition pattern of large dye production enterprises monopolizing the market. In addition, since the beginning of this year, under the pressure of many costs, enterprises, especially small and medium-sized enterprises, have generally had tight cash flow. This year, small businesses are facing more pressure than before. Pressure from labor costs, raw material prices, appreciation of the renminbi, tight payments, power supply constraints and higher tax costs make it harder for small businesses to operate.

It can be said that after 2011, China's dyestuff industry will enter the era of integration in an all-round way, vigorously carry out the merger and reorganization of dyestuff enterprises, and conscientiously implement the national industrial policy will become the conscious action of enterprises in the industry. The introduction of the opinions on accelerating the merger and reorganization of enterprises indicates that the restructuring of our dyes will take place. The current macroeconomic situation and the corresponding industrial policies and environmental thresholds are also rising. This also means that dyestuff enterprises are facing changes in the national industrial policy, and the tide of industry consolidation caused by this will also come, and a new round of dye integration will soon be launched. The prelude of industry integration has been opened. Under the new industrial policy background, the dye industry integration and concentration degree promotion is an inevitable trend.