Akzo Noble plans to acquire Buimen (ICI) for 8.1 billion pounds (16.1 billion US dollars), which will cause drastic changes in the paint and coating industry. In this global $76 billion market, the eleven largest companies currently account for 53% of the total. The acquisition can significantly expand its foothold, enter high-growth regions, and further expand its gap between being a global leader and a competitor. These opponents are facing new challenges. This involves finding suitable candidate targets for integration in this increasingly concentrated market to maintain their competitiveness.
In recent years, large-scale paint producers have focused their attention on acquiring medium-sized companies, or companies with annual sales of $1-3 billion. However, the paint and coating industry is very frequent in mergers and acquisitions, and such suitable targets have almost disappeared. There are few highly mature markets in Europe and the United States.
This has led big manufacturers to turn their attention to smaller companies that do not have a big impact on their business performance, or special-purpose companies that have specialized technology and production lines to improve their product mix. These are not attractive enough compared to Aksu’s purchase of Bu Nei Men, but large companies will continue to follow this growth strategy.
There is no doubt that the North American and European markets will continue to integrate, but they only grow by 3% and 4% each year. For these big manufacturers, this is far from enough. After defending their existing "sites", if they want to achieve long-term development, they must use various resources to expand into other emerging and fast-growing markets.
In all regions of the world, Asia is the fastest growing region, with China leading the way. Analysts believe that the paint market in China is growing at a rate of 12% per year. The average annual growth of Chinese architectural coatings exceeds 10%, and the market value is approximately US$10 billion. The demand for powder coatings increased by 13-15% annually. The strong demand has driven a considerable amount of M&A and capacity expansion here last year. This includes Aksu’s acquisition of the remaining equity of Great Wall Coatings, a joint venture company, from Great Wall Securities, which resulted in full control of the company, which means that it has taken control of all powder coating businesses in mainland China, Taiwan and Hong Kong; SigmaKalon agreed to have an 85% stake in a joint venture with China's decorative paint company, Shanghai Ivy Chemicals; Valspar bought architectural paint for $290 million in August last year. 80% of the shares of the manufacturer China Resources Coating.
Aksu recently commissioned a decorative paint facility in Langfang to expand production in China. The device is increasing the number of paint installations in China to 15. In 2006, Akzo’s sales in China (excluding the peeling pharmaceutical business) reached US$800 million, of which 75% came from paint. The company also said that it intends to build a wood lacquer installation in Vietnam, considering it is located in Ho Chi Minh City.
Other companies also have moves. Jotun, Norway, is investing US$37 million in South Korea’s Busan to construct a 40 million litre/year marine and protective paint installation, which is expected to be completed in January 2009.
DuPont’s core business has been in North America and Western Europe, but company officials stated that “we must work hard to develop fewer regions in Asia and Eastern Europe.â€
Obviously, major manufacturers are trying their best to expand into emerging markets, especially the fastest-growing ones in Asia. Among these, China is a very important region that will attract competition from many manufacturers. It can be imagined that the giants of the paint and coating industry will shift the focus of market competition from the mature markets in Europe and the United States to a rapidly developing Asia market with unlimited potential. China will be an important battlefield.
Some wheel loaders steering system includes:Hydraulic Gear Pump, Loader Full Hydraulic Steering Gear, loader steering control valve, steering cylinder.
Direction control valve is the hydraulic system to control the direction of hydraulic oil flow valve parts, we also known as the hydraulic system reversing element, and flow valve, pressure valve in different direction control valve direct load control.
Hydraulic system direction control valve introduction:
Steering control valves require very little force to push the handle of the valve to control heavy loads. For example, excavators, loaders, truck cranes, etc., are controlled by the control handle. The characteristics of this kind of machinery are complex working conditions, delicate operation and complex action. Some old drivers complete a lot of incredible operations with this kind of machinery.
Hydraulic system direction control valve classification:
By function: direction control valve including one-way valve and reversing valve two categories. Check valves and directional valves have many different forms. Check valve includes ordinary check valve and liquid control check valve, liquid control check valve can be used as a filling valve, two liquid control check valve can be combined for hydraulic lock.
According to the control mode: manual directional valve, hydraulic directional valve, electromagnetic directional valve, electro-hydraulic directional valve, etc. Multiple directional valves can be combined for multi-way valves, which can operate multiple groups of action.
Working principle of hydraulic system direction control valve:
Reversing valve is through the spool in the valve body to do axial movement, so that the corresponding oil connected or disconnected. The valve body has a plurality of sink groove, sink groove is connected with the external through the hole, the spool has a plurality of steps. Reversing valve is realized by changing the connection between the step on the spool and the sink groove on the valve body.
In addition, there is a "function" in the direction control valve, which refers to the connected state of the reversing valve. When designing the hydraulic system, the choice of the function of the reversing valve is very important, which has a direct impact on the hydraulic system.
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