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2017 | nr 486 The Development Challenges of Asia-Pacific Countries | 23--35
Tytuł artykułu

Chinese Mergers and Acquisitions on The European Market in The Chemical Sector

Treść / Zawartość
Warianty tytułu
Chińskie fuzje i przejęcia na rynku europejskim w sektorze chemicznym
Języki publikacji
EN
Abstrakty
EN
The article focuses on the case study analysis of selected Chinese companies which concluded agreements such as mergers and acquisitions on the European market in the chemical sector between 2005 and 2015, that is: the agreements between BorsodChem Zrt and Wanhua Industrial Group, as well as between Pirelli and National Chemical Corp. The purpose of the paper is to recognise the premises and results of those investments. Therefore, first specifics of the Chinese chemical sector and the characteristics of the analysed companies have been presented. Then the analysis of the premises, the strategic goals, as well as the course of the agreements and the implications of these forms of integration, in the context of shaping the economic strength, position and direction of strategic growth of companies on the European market have been presented(original abstract)
Artykuł koncentruje się na opartej na metodzie case study analizie wybranych przypadków porozumień typu fuzji i przejęć, dokonanych przez firmy chińskie na europejskim rynku, w sektorze chemicznym, w latach 2005-2015, tj. na porozumieniu BorsodChem Zrt i Wanhua Industrial Group, a także Pirelli i National Chemical Corp. Celem artykułu jest rozpoznanie przesłanek oraz skutków tych inwestycji. Punktem wyjścia do analizy przypadków było przedstawienie specyfiki sektora chemicznego oraz charakterystyki badanych firm. Następnie podjęto analizę przesłanek, strategicznych celów, przebiegu oraz skutków nawiązania tych form integracji w kontekście kształtowania siły ekonomicznej, pozycji oraz kierunków rozwoju strategicznego firm na rynku europejskim(abstrakt oryginalny)
Twórcy
  • Wrocław University of Economics, Poland
Bibliografia
  • Adisseo, 2016, Company Information, http://www.bluestar-adisseo.com/en/index.php/about (11.05.2016).
  • BorsodChem, 2011, Wanhua acquires full control of BorsodChem, www.borsodchem-group.com/News--media/News/Wanhua-acquires-full-control-of-BorsodChem.aspx (8.04.2016).
  • BorsodChem, 2013, Annual Report, http://www.borsodchem-cz.com/BorsodChemOSTRAVA/media/BorsodChem_OSTRAVA/Policies/vz_2014_borsodchem_EN_fin.pdf (8.04.2016).
  • BorsodChem, 2014a, BorsodChem to upgrade chlorine plant to environment-friendlier membrane cell technology, BorsodChem News, http://www.borsodchem-group.com/News--media/News/Borsod
  • Chem-to-upgrade-chlorine-plant-to-environmen.aspx (8.04.2016).
  • BorsodChem News, 2014b, Wanhua-BorsodChem to further expand global coverage in Latin America, 2014, http://www.borsodchem-group.com/News--media/News/Wanhua-BorsodChem-to-further-expand-global-coverag.aspx (8.04.2016).
  • BorsodChem News, 2014c, Wanhua-BorsodChem to strengthen footsteps in Latin America, 2014, www.borsodchem-pl.com (8.04.2016).
  • BorsodChem, 2016a, BorsodChem has commenced the establishment of its Energy Management System, BorsodChem News, http://www.borsodchem-group.com/News--media/News/Borsod
  • Chem-has-commenced-the-establishment-of-its.aspx (8.05.2016).
  • Chee F.Y., Neely J., 2015, ChemChina wins EU approval for $7.9 billion Pirelli buy, Reuters, July 2, www.reuters.com/article/us-pirelli-and-c-m-a-chemchina-eu/chemchina-wins-eu-approval-for-7-9-billion-pirelli-buy-idUSKCN0PC0TZ20150702 (12.02.2016).
  • ChemChina, 2016, Company Information, http://www.chemchina.com/en/gywm/A6016web_1.htm, (21.08.2016).
  • ChemChina Newsletter, No. 12, 2015, http://www.chemchina.com.cn/portal/rootfiles/2015/12/25/1451006232641615-1451006232645210.pdf (11.05.2016).
  • Dunning J., 1980, Towards an eclectic theory of international production: Some empirical corporations, Journal of International Business Studies , vol. 11, no. 1
  • Elkem, 2016, Company Information, https://www.elkem.com/about-elkem/ (11.05.2016).
  • Fortune, 2016, Fortune Global 500 List. ChemChina, 2016, http://fortune.com/global500/chemchina/ (21.08.2016).
  • Greenpeace, 2016, https://www.hongkongfp.com/2016/09/22/china-chemical-accidents-kill-almost-200-in-2016-says-greenpeace/ (5.06.2015).
  • Kennedy S., 2015, Made in China 2025, Centre for Strategic and International Studies, www.csis.org/analysis/made-china-2025 (5.01.2016).
  • KPMG, 2011, China's chemical industry: The new forces driving change, KPMG Advisory Report, www.kpmg.de (5.06.2015).
  • KPMG, 2013, China's chemical industry: The emergence of local champions, Chemicals and Performance Technologies, KPMG Report, www.kpmg.com (5.06.2015).
  • Lakshman V., Duran R., 2013, China's chemical industry, CHEManager International, www.chemanager-online.com (5.06.2015).
  • Lee X.E., 2015, Made in China 2025: A New Era for Chinese Manufacturing, CKGSB Knowledge, http://knowledge.ckgsb.edu.cn/2015/09/02/technology/made-in-china-2025-a-new-era-for-chinese-manufacturing/
  • Łopacińska K., 2015, Direct investment of Chinese enterprises on the European market by industries, [in:] Review of Asian and Pacific Studies No.40, Centre for Asia and Pacific Studies, Publishing House of Seikei University, Tokyo, pp. 167-190.
  • Ministry of Foreign Affairs and Trade, 2014, Borsodchem to Build New Plant in Kazincbarcika for EUR 84 million, Ministry of Foreign Affairs and Trade News, http://www.kormany.hu/en/ministry-of-foreign-affairs-and-trade/news/borsodchem-to-build-new-plant-in-kazincbarcika-for-eur-84-million (8.04.2016).
  • Morawietz M., Schlosser P., Sarathy V., Gotpagar J., 2016, 2016 Chemicals Industry Trends, PWC, www.strategyand.pwc.com (12.09.2016).
  • Pirelli, 2016, Pirelli at a glance. The Pirelli Identity, https://corporate.pirelli.com/corporate/en-ww/investors/pirelli-at-a- (21.08.2016).
  • Qenos, 2016, About Qenos - Transforming our natural resources into life's essentials, http://www.qenos.com/internet/home.nsf/web/About; 2012 Sustainability Report, http://www.qenos.com/internet/home.nsf/web/RBEN-8826VW; (11.05.2016).
  • REC Solar, 2016, Company Information, https://recsolar.com/about/ (11.05.2016).
  • The White House Office of the Press Secretary, 2015, U.S.-China Joint Presidential Statement on Climate Change, The White House Office of the Press Secretary, 2015, https://obamawhitehouse.archives.gov/the-press-office/2016/03/31/us-china-joint-presidential-statement-climate-change (11.05.2016).
  • Wanhua, 2016a, Wanhua Chemical Group Co Ltd Corporate Overview, http://www.whchem.com/en/aboutus/overview (8.04.2016).
  • Wanhua, 2016b, Wanhua Group Innovations, http://en.wanhuagroup.com/InnovationsInfo/Innovations.aspx (8.04.2016).
  • Wanhua, 2017, Annual Reports, http://www.whchem.com/en/newsmedia/publications/annual.shtml (8.04.2016).
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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