KION 's equity acquisition investment income is more probable than engine business development. KION is the largest and the world's second largest forklift manufacturer in Europe. It was sold to KKR and 85% of Goldman Sachs with a total valuation of 4 billion EUR in 2006. Equity, now the company plans to sell a 25% stake in Weichai Power at a total valuation of 1.868 billion Euros.
In recent years, KION’s revenue has grown continuously. In 2011, its revenue was 4.368 billion euros, a year-on-year increase of 25.39%, and the gross profit rate was 25.46%. The sales expense ratio and financial expense ratio were 11.92% and 6.49% respectively, of which as high as 108.04%, the asset-liability ratio was a financial expense. The main factor of high rates. Although the period cost rate has been declining in recent years, it has remained high and dragged down the company's performance. In 2011, the company suffered a loss of EUR 59 million.
Weichai Power's total investment of 738 million euros will be fully injected into KION. Together with KION, if it can achieve IPO as scheduled, its capital structure will be significantly improved, significantly reducing the company's financial costs; if the company can be effective again. Controlling sales expenses will result in a significant increase in operating profit, and will bring substantial investment income to Weichai Power.
Weichai Power, with its close strategic cooperation with KION, will gradually become the main supplier of KION engines in the next few years. However, only about 1/4 of KION's revenue in 2011 comes from diesel-powered new vehicles. The demand is about 1-150 million Euros, and there is limited room for Weichai Power to increase revenue in this block of business.
At present, the 1-3L diesel engine used by KION's forklift products is basically supplied by Deutz, and Deutz’s total revenue in 2011 was only RMB 12.2 billion, of which the revenue from industrial mobile mechanical engines accounted for 34%, or about RMB 4.1 billion. yuan. Even if Weichai Power uses Deutz to replace it in the global forklift engine market, its new revenue will not be a large share compared to the total revenue of 63.3 billion Yuan in 2011.
For Weichai Power, KION's return to profitability and investment income is more practical than the company's entry into KION's engine support system.
Inhalation & Discharge Pipeline belongs to the power end of Drilling Mud Pump. Inhalation pipeline is made of high quality seamless steel pipe with flange processing, it is equipped with suction at the end of the air bag. Discharge Pipeline use the high quality of 35 CrMo precision casting blank, the three holes are connected to three cylinder, end part and strainer assembly connection at one end, for the output side, the other end through cross connection are: discharge air package, shear pin valve, and seismic resistance of double scale for pressure oil pressure gauge.
Inhalation and Discharge Pipeline
Discharge Pipeline,Waste Discharge Pipelines,Gold Mine Discharging Pipelines,Slurry Discharging Pipeline
Baoji Baohao Petroleum Machinery Equipment Co., Ltd. , http://www.baohao-petro.com