From the perspective of industry development, at present, although the development of China's metal packaging industry has ranked among the world's top echelons, core technologies and equipment still come from developed countries such as the United States and Japan. Therefore, in the international competition, it is even more necessary for domestic leading companies to continuously improve their R&D capabilities. Only strong and strong alliances can improve their voice in international competition. In recent years, despite the impact of the macroeconomic environment, the annual growth rate of the overall income of the packaging industry has experienced a gradual slowdown. However, with the gradual improvement of the level of resident consumption and the upgrading of consumer culture, the long-term development potential of the industry is still huge. Therefore, while consolidating the leading advantages in their respective fields, the two sides will realize resource sharing and complement each other's strengths, and work together to create a strong alliance, which will help promote the solution of problems in the development of the industry. For example, in terms of technology, resources can be shared and the overall level of technology research and development can be improved, while at the same time improving the industry's overall ability to resist risks.
This successful cooperation between ORG and COFCO Packaging indicates that the industry has already reached a period of deep integration, and the industry structure will usher in new changes. The deep integration of the industry is the only way for metal packaging companies and an important measure to promote the integration strategy of large packages.
Mix all the boosters that are made into industry integration
From 20 years of industry competitors to today’s success, not only the two companies need to make smart choices for the overall development of the industry, but also can effectively complete the negotiation and signing of equity transfer in a short period of 4 months. The entire process of delivery and delivery also fully demonstrated the valuable sincerity and broad-mindedness of the decision-making teams of the two companies.
All this, it would be hard to imagine without the support of the state in encouraging mixed ownership reform policies.
Due to the pioneering and enterprising awareness, rich market experience and sense of responsibility of the COFCO packaging team, it attracted Atridge to actively participate in this mixed ownership reform and successfully complete the set goals. In the future, ORG, as an important shareholder of COFCO, will continue to promote in-depth cooperation with COFCO packaging in accordance with the contents of the strategic cooperation agreement, and will continue to support COFCO's bold attempts and positive measures in deepening ownership reform.
Yu Xubo, COFCO president and secretary of the Party Committee, said that COFCO Packaging and ORG, as leading companies in the Chinese packaging industry, have successively listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange, and their excellent performance is obvious to all. It is precisely because of the red flag listing structure of COFCO Packaging and its strong performance in the fully competitive industry, COFCO actively supports COFCO packaging in 2015, taking into account the deep industry experience, the good reputation of the capital market, and outstanding performance growth. At the end of the year, the company introduced Origen to become the second largest shareholder of the company. The opening of COFCO's first attempt to promote the reform of the mixed ownership system of its listed companies has also laid a solid foundation for this cooperation.
It is worth noting that Origen is a listed company with the largest domestic market capitalization in the packaging industry. While focusing on the metal packaging market, it has begun to expand into the plastic flexible packaging market; and COFCO packaging products not only involve metal packaging, plastic packaging also occupies considerable Share. The two companies not only provide packaging products, but also their overall packaging service capabilities are the biggest highlights. At the same time, the overall market share of the two companies in the national packaging market is also worthy of attention. It can be imagined that without the “Dongfeng†of mixed ownership reform, the two industries in the same industry are leaders, one is a large state-owned enterprise, and the other is a private enterprise with an industry advantage. I am afraid it will be difficult to come together smoothly.
Since the establishment of a mixed strategy for central enterprises at the central level, the substantive actions of the central SOEs in mixed reforms are rare, especially when it comes to the transfer of state-owned equity to private capital, and the attitudes of the central SOEs are more cautious. The introduction of COFCO Packaging's ORG in the overall promotion process of the mixed reform of COFCO's state-owned enterprises has a benchmarking significance. Industry insiders believe that Origen's shareholding in COFCO packaging may be followed by more central and state-owned enterprises. The mixed reform will appear in the follow-up process of several central and state-owned enterprises.
The mixed development of state-owned enterprises will not change in the direction of in-depth development
Li Jin, the chief researcher of the China Enterprise Research Institute and vice president of the China Enterprise Reform and Development Research Association, said in an interview that the reorganization of state-owned enterprises will enter an active period in the next three years. In response to the questions raised in the government work report, promoting the restructuring of state-owned enterprises, especially central enterprises, innovating and developing a number of batches, reorganizing and consolidating a group of batches, and whether clearing up and exiting a group of batches means that there will be major moves in the reorganization of central enterprises this year. The “three-for-one†was also expressed in the top-level design of state-owned enterprise reforms last year. It was also proposed at the meeting of the leaders of central state-owned enterprises that 2016 will continue to accelerate the pace of state-owned enterprise reforms, increase mergers and acquisitions at the group level, and promote strong alliances. The integration of state-owned enterprises will become a major factor in the supply-side reforms of state-owned enterprises. The tide of market-oriented reorganization around the reform of state-owned enterprises is beginning to open. With the investment of state-owned capital, the formation of operating companies and the proposal of "three batches," mergers and acquisitions will usher in a new situation. Reorganization is not only an important way for the reform of state-owned enterprises, but also forms a linkage with structural adjustment and transfer.
This year's government work report puts forward a substantial relaxation of market access in the fields of electricity, telecommunications, transportation, petroleum, natural gas, and municipal public utilities, eliminating all kinds of hidden barriers, encouraging private enterprises to expand investment, and participating in the reform of state-owned enterprises. Li Jin explained that many industries with higher thresholds will gradually open up to non-state-owned capital. This is a very important signal. In the past, private enterprises participated in the mixed reform of state-owned enterprises, but many of them were small shareholders and had little right to speak. The government work report puts forward “significant relaxationâ€, which is a heavy weight and indicates intention. Last year was to speed up the reform of power, oil and gas systems, and this year, the market access to electricity, telecommunications and other six areas was significantly relaxed, indicating that equity diversification remains the focus and main direction. State-owned enterprises have been widely criticized by the outside world as "one dominance." The situation is expected to change.
From the above analysis and during the two sessions of the government work report, in the six major areas of significant liberalization of market access, although the packaging industry is not listed here, it is not difficult to see “encouraging private enterprises to expand investment and participate in the reform of state-owned enterprisesâ€. This clear and firm signal.
In the next three years, we will wait to see how the deep integration of the packaging industry will be presented. In the way of participating in the mixed reform of state-owned enterprises, Origen and COFCO undoubtedly walk in front, and how to take the next road of development is also worth looking forward to. Whether it is mixed ownership or other methods, there is no doubt that the deep integration of the industry will be an inevitable trend to promote the packaging industry to become bigger and stronger, and it is the only way to realize the dream of packaging a strong country.
This successful cooperation between ORG and COFCO Packaging indicates that the industry has already reached a period of deep integration, and the industry structure will usher in new changes. The deep integration of the industry is the only way for metal packaging companies and an important measure to promote the integration strategy of large packages.
Mix all the boosters that are made into industry integration
From 20 years of industry competitors to today’s success, not only the two companies need to make smart choices for the overall development of the industry, but also can effectively complete the negotiation and signing of equity transfer in a short period of 4 months. The entire process of delivery and delivery also fully demonstrated the valuable sincerity and broad-mindedness of the decision-making teams of the two companies.
All this, it would be hard to imagine without the support of the state in encouraging mixed ownership reform policies.
Due to the pioneering and enterprising awareness, rich market experience and sense of responsibility of the COFCO packaging team, it attracted Atridge to actively participate in this mixed ownership reform and successfully complete the set goals. In the future, ORG, as an important shareholder of COFCO, will continue to promote in-depth cooperation with COFCO packaging in accordance with the contents of the strategic cooperation agreement, and will continue to support COFCO's bold attempts and positive measures in deepening ownership reform.
Yu Xubo, COFCO president and secretary of the Party Committee, said that COFCO Packaging and ORG, as leading companies in the Chinese packaging industry, have successively listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange, and their excellent performance is obvious to all. It is precisely because of the red flag listing structure of COFCO Packaging and its strong performance in the fully competitive industry, COFCO actively supports COFCO packaging in 2015, taking into account the deep industry experience, the good reputation of the capital market, and outstanding performance growth. At the end of the year, the company introduced Origen to become the second largest shareholder of the company. The opening of COFCO's first attempt to promote the reform of the mixed ownership system of its listed companies has also laid a solid foundation for this cooperation.
It is worth noting that Origen is a listed company with the largest domestic market capitalization in the packaging industry. While focusing on the metal packaging market, it has begun to expand into the plastic flexible packaging market; and COFCO packaging products not only involve metal packaging, plastic packaging also occupies considerable Share. The two companies not only provide packaging products, but also their overall packaging service capabilities are the biggest highlights. At the same time, the overall market share of the two companies in the national packaging market is also worthy of attention. It can be imagined that without the “Dongfeng†of mixed ownership reform, the two industries in the same industry are leaders, one is a large state-owned enterprise, and the other is a private enterprise with an industry advantage. I am afraid it will be difficult to come together smoothly.
Since the establishment of a mixed strategy for central enterprises at the central level, the substantive actions of the central SOEs in mixed reforms are rare, especially when it comes to the transfer of state-owned equity to private capital, and the attitudes of the central SOEs are more cautious. The introduction of COFCO Packaging's ORG in the overall promotion process of the mixed reform of COFCO's state-owned enterprises has a benchmarking significance. Industry insiders believe that Origen's shareholding in COFCO packaging may be followed by more central and state-owned enterprises. The mixed reform will appear in the follow-up process of several central and state-owned enterprises.
The mixed development of state-owned enterprises will not change in the direction of in-depth development
Li Jin, the chief researcher of the China Enterprise Research Institute and vice president of the China Enterprise Reform and Development Research Association, said in an interview that the reorganization of state-owned enterprises will enter an active period in the next three years. In response to the questions raised in the government work report, promoting the restructuring of state-owned enterprises, especially central enterprises, innovating and developing a number of batches, reorganizing and consolidating a group of batches, and whether clearing up and exiting a group of batches means that there will be major moves in the reorganization of central enterprises this year. The “three-for-one†was also expressed in the top-level design of state-owned enterprise reforms last year. It was also proposed at the meeting of the leaders of central state-owned enterprises that 2016 will continue to accelerate the pace of state-owned enterprise reforms, increase mergers and acquisitions at the group level, and promote strong alliances. The integration of state-owned enterprises will become a major factor in the supply-side reforms of state-owned enterprises. The tide of market-oriented reorganization around the reform of state-owned enterprises is beginning to open. With the investment of state-owned capital, the formation of operating companies and the proposal of "three batches," mergers and acquisitions will usher in a new situation. Reorganization is not only an important way for the reform of state-owned enterprises, but also forms a linkage with structural adjustment and transfer.
This year's government work report puts forward a substantial relaxation of market access in the fields of electricity, telecommunications, transportation, petroleum, natural gas, and municipal public utilities, eliminating all kinds of hidden barriers, encouraging private enterprises to expand investment, and participating in the reform of state-owned enterprises. Li Jin explained that many industries with higher thresholds will gradually open up to non-state-owned capital. This is a very important signal. In the past, private enterprises participated in the mixed reform of state-owned enterprises, but many of them were small shareholders and had little right to speak. The government work report puts forward “significant relaxationâ€, which is a heavy weight and indicates intention. Last year was to speed up the reform of power, oil and gas systems, and this year, the market access to electricity, telecommunications and other six areas was significantly relaxed, indicating that equity diversification remains the focus and main direction. State-owned enterprises have been widely criticized by the outside world as "one dominance." The situation is expected to change.
From the above analysis and during the two sessions of the government work report, in the six major areas of significant liberalization of market access, although the packaging industry is not listed here, it is not difficult to see “encouraging private enterprises to expand investment and participate in the reform of state-owned enterprisesâ€. This clear and firm signal.
In the next three years, we will wait to see how the deep integration of the packaging industry will be presented. In the way of participating in the mixed reform of state-owned enterprises, Origen and COFCO undoubtedly walk in front, and how to take the next road of development is also worth looking forward to. Whether it is mixed ownership or other methods, there is no doubt that the deep integration of the industry will be an inevitable trend to promote the packaging industry to become bigger and stronger, and it is the only way to realize the dream of packaging a strong country.
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