As the core of operation and control of construction machinery products, people compare the hydraulic system with the "blood circulation" system of construction machinery. The importance of this is evident. The hydraulic control system is the most prominent "bottleneck" restricting the development of China's equipment manufacturing industry. The global hydraulic system has long been monopolized by Germany's Bosch Rexroth, the United States Eaton Corporation, and Japan's Kawasaki Corporation. It is reported that at present, the domestic high-end hydraulic products are totally dependent on imports. In 2011, the import value was nearly 30 billion yuan. Weichai Power has increased investment in hydraulics and developed science and technology, and strives to achieve a related output value of 10 billion yuan in five years.
“ Weichai Power, through its strategic cooperation with KION, can quickly master high-end hydraulic technology and achieve a comprehensive breakthrough in construction machinery, agricultural machinery, yachts, and aerospace,†said Tan Xuguang .
After the transaction is completed, the hydraulic business will be put into operation as an independent company of Linde Hydraulics , and Kion will continue to retain its strategic shares in the company. Linde's hydraulic products will continue to use the Linde Hydraulics trademark. The important significance of the strategic cooperation between Weichai Power and KION is: First, to help Weichai Power quickly master the world's leading high-end hydraulic technology. Weaving Weichai Power's core technology directly into the global leading level, quickly occupy the high ground of the hydraulic industry, and completely change the situation of China's high-end hydraulic products rely on imports for a long time. The second is to help build Shandong Province into a domestic high-end hydraulic industrial base and to work hard to form a manufacturing center for hydraulic systems in China and even around the world. Relying on the existing advantageous resources of Weichai Power, through technology introduction, digestion and absorption, and independent innovation, we will build a full series, all fields, and global leading domestic middle and high-end hydraulic R&D and manufacturing bases. The project will be located in Weifang, Shandong Province. The third is to boost the structural adjustment and industrial upgrading of China's construction machinery industry. Linde Hydraulics is one of the few strategic resources in the world's high-end hydraulics market. It is a rare opportunity for Chinese companies to enter the high-end hydraulics industry. The acquisition of Linde Hydraulics, which combines the world's leading high-pressure hydraulic technology with China's low-cost manufacturing advantages, will completely change the situation in which high-end hydraulic core technologies have been monopolized by foreign countries for a long time, and promote the development of China's construction machinery industry to the high end of the value chain. The transformation created by manufacturing to China. The fourth is to help Weichai Power fully realize the strategic support for KION's 3-liter displacement low-power diesel engine. Fifth, by investing in 25% of KION Group's equity, it will achieve synergies with Shandong Heavy Industry's forklift business, improve the technical level, quality level and technological level of Shandong Heavy Industry forklift trucks, and lead the realization of the Asia-Pacific market strategy.
"The next five years will strive to bring our hydraulic revenue to 10 billion. In 5 to 10 years, the company will be the first place in the global hydraulic system industry." Tan Xuguang said.
Guangzhou Miaozhun Jie Trade Co.,Ltd. , https://www.focuhunteroptics.com