At the beginning of 2014, the news that Weichai Group’s sales revenue exceeded RMB 100 billion was still being disseminated in various media. Weichai people have turned their attention to the starting point of the military formation: held a strategic decoding meeting and proposed nine hard battles that must be won. , Initiated the performance management of all employees; held the economic operation analysis meeting for the previous year; planned the layout for the nine hard games; convened the 2014 annual working meeting; identified 2014 as the “year of reformâ€, laying the foundation for the whole year's work...
The non-stop series of actions of the senior management team allowed the firewood to be filled with the atmosphere of reform. As a matter of fact, the reforms are ubiquitous for the weichai people. After more than ten years of reforms and innovations, Weichai has already launched a gorgeous counterattack. From a bankruptcy engine factory to an influential international company in the equipment manufacturing industry. For more than a decade, reforms have been the main theme, and we have changed things, and we still have to change them. Because the well-recognized senior management team knows well that "change" is the eternal law of market competition, only "changes and changes" will not be able to stand in the balance. As a result, continuous self-torture, self-denial, and self-innovation have become the main line for the development of Weichai. Weichai people have been swearing themselves to the road to "Chai Chai Meng."
Institutional Reform: Opening the Road to Modern Management
The reform of the system is the deepest level of change in the enterprise. Whether it can emancipate the mind, break the institutional bondage, retain the vitality of the organization, and determine the fate of the company's development. From debts to operating income exceeding 100 billion yuan, in 15 years, the growth rate of Weichai made the industry frightened. However, Weichai is not only satisfied with the growth of the quantity. The industrial integration, institutional innovation, and structural optimization behind the achievements are the endogenous motives for maintaining incremental growth. With the development and expansion of enterprises, how to provide an organizational system suitable for market needs for the operation of enterprises, Weichai continues to “vigorize†the reforms, and strives to promote the virtuous cycle of “industry expansion - structural adjustment - stable growth†and realize the amount Balance with quality.
The "three-three system" property rights reform laid the foundation for Weichai as the rise of modern enterprises. The establishment of Weichai Power Co., Ltd. completed the preparation for Weichai to enter the capital market. These profound institutional changes have made Wei Chai, who had been faltering, revitalized. Then, under this framework, Weichai has never ceased its exploration of corporate governance, group management, and corporate management.
Good corporate governance is the fundamental guarantee for Evergreen. Weichai Power covers the cross-regional and multicultural equity structure of domestic and foreign strategic partners, industry-leading customers, and senior management teams, and realizes the internationalization and diversification of the company’s shareholding structure. For the development of the business, a strategic pilotage and implementation supervision platform with a reasonable structure and a solid foundation was established. On this platform, the construction of Weichai's board of directors is improving day by day. The current board of directors consists of 18 directors, who are elites in various fields such as investment and acquisition, financial management, technology research and development, and marketing industry, and have extensive experience. At the same time, the Board of Directors has established four professional committees: an audit committee, a nomination committee, a remuneration committee, and a strategic development and investment committee. Each professional committee fully performs its duties in strict accordance with its own work rules and provides professional advice on various operational decisions of Weichai. It has ensured the professionalism and scientific nature of the decisions made by the board of directors on major issues and played an active role in the long-term development of Weichai.
The level of management and control of the Group determines the level of its core competitiveness and multi-service coordination capabilities. As an aircraft carrier company with a large number of subsidiaries and businesses covering commercial vehicles, power systems, luxury yachts, and key components and components, how to overcome the adverse effects of “turning the boat out of trouble†and give full play to the advantages of each business to achieve 1+ The synergy effect of 1>2 has become a major goal of Weichai's innovation system.
After many years of experience, Weichai has streamlined the management relationship between the headquarters and its subsidiaries. The basic structure starts with the industry-centered, highly-efficient, flat organizational structure and under the principle of "strategic unification, resource sharing, and independent operation". All aspects of the subsidiary's specific affairs were fully released, the authority of the subsidiary company was fully implemented, its main position as an independent legal person was safeguarded, the subsidiary's market and social resources were obtained, and the subsidiary's professional operation ability was enhanced.
The power of the company comes from the organization, not the individual. How to bind independent individuals and effectively gather their intelligence? This is the core issue of corporate management. In this regard, Weichai's greatest experience is: use the system to mobilize each employee and make it with the company to form a community of interests. The company’s macro strategic goals will be translated into employee-specific work metrics. From senior management members to leading cadres at all levels and employees in key positions, everyone assumes strategic disaggregation indicators, and everyone participates in the strategy, and through dynamic performance management, Every hard-working employee receives corresponding rewards. Performance is the engine of the struggling, lazy alarm. Weichai adopted a comprehensive budget and KPI assessment as a means to establish a scientific performance management system, and achieved dynamic changes in positions and salaries, creating a good living space for the strugglers. After the Spring Festival in 2014, Tan Xuguang represented the company and the senior management team to sign the individual performance contract, which is enough to show the determination and confidence of the Weichai leadership.
Only when it is difficult, it is valiant; but only when it is done, it is precious. The reform is Weichai's family treasure. Institutional innovation not only promoted the growth of the company, but also blew the idea of ​​the Weichai people in the collision between new and old, traditional and conservative, and aroused the spirit of competition, endeavor, and hard work. This is the charm of institutional change: maximizing potential energy.
Full Industry Chain Revolution: "Two-wheel Drive" Walks the World
"I think diversity is not wrong in itself. The risk lies in whether it has entered the right field and whether it can achieve effective control. Weichai has chosen relevant diversification. This is an inevitable choice for us to reach a certain stage, but we Being able to operate effectively is a great challenge for us."
Weichai advanced product line
In the so-called "relevant diversification", Tan Xuguang refers to the diversification in the same industrial chain, rather than rigidly putting together the upstream and downstream that have little internal correlation. It is obviously not his strategic category to allow aircraft to engage in tourism.
Despite the slight criticism of diversification at the moment, driven by the strong driving force of product and capital, Weichai has triggered a full-scale industrial revolution that shocked the industry: the merger of the Hunan Torch to return to the Mainland for re-listing, and Weichai Heavy Machinery to be listed in the backdoor. , Strategically reorganized Yangchai Power, Jiachuan Light Vehicle, and Yangzhou Yaxing Bus, leading the establishment of Shandong Heavy Industry Group...
This series of capital operations and resource integration has enabled Weichai to successfully achieve three leapfrogs: the engine is comprised of a single market for supporting heavy trucks, and a leapfrog for multiple markets such as heavy trucks, construction machinery, passenger cars and shipbuilding; The single-product platform based on 12-litre leapfrogs into a full range of product platforms; it spans from the single engine product to the collaborative development of multiple gold industrial chains such as commercial vehicles, engineering machinery and ships.
The two-wheel drive made Weichai a huge success in the country, but Weichai's exploration of capital does not stop there.
In January 2009, Weichai won the first step of cross-border M&A with a bid of 2.99 million euros to obtain related assets and product technology from the French Baudouin company. In January 2012, Weichai signed a strategic agreement with Italy's Ferretti to manufacture the world's largest luxury yacht. In September of the same year, Weichai Power also signed a cooperation agreement with the German KION Group, one of the world's leading manufacturers of industrial forklifts and the global leader in hydraulic technology.
Behind Weichai's frequent attempts in the international capital market, it reflects its unique business philosophy: International companies should not only satisfy the growth of general trade, but should learn to base themselves on global allocation of resources and skillfully use capital to control resources. "If we rely on our own home to build a brand, it may take 30 or 40 years. But when the right time comes, our strengths will once again be synergistic with the advantages of foreign controlled resources, which will greatly shorten the time for achieving the strategic goals." Tan Xuguang said.
If it is said that the acquisition of Baudouin is a preview of Weichai's international operation, the integration of Ferretti Yachts will expand the application areas of the product by occupying the core technology of yacht manufacturing, and expand the core engine technology of Weichai from the land to the ocean. The strategic cooperation with KION is more of a sword for its high-end hydraulic technology. It can not only achieve industrial technology upgrading and product import substitution, but also directly promote the construction of Shandong's domestic high-end hydraulic R&D and manufacturing base, and support Shandong Heavy Industry in the field of forklifts. The realization of the Asia-Pacific market strategy. It can be seen that the integration and acquisition of Weichai is not a simple scale expansion, but is intended to optimize the industrial structure, master the core technologies, and create the international competitiveness of Weichai's entire industrial chain.
Through the three international mergers and acquisitions, Weichai's full-scale industrial revolution is in full swing. Weichai has become more and more familiar with internationalization.
Elbow,bend equal /reduce tee,concentric/eccentric reducer , cap,flange
Size
Seamless(SMLS) Elbows : 1/2"-24" ,DN15-DN600
Butt Welded Elbows (seam) :24"-72",DN600-DN1800
Type
LR 30,45,60,90,180 degree SR 30,45,60,90,180 degree
1.0D, 1.5D, 2.0D, 2.5D, 3D,4D,5D,6D,7D-40D.
Thickness
SCH10,SCH20,SCH30,STD SCH40, SCH60, XS, SCH80., SCH100, SCH120, SCH140, SCH160, XXS
Standard
ASME,ANSI B16.9;
DIN2605,2615,2616,2617,
JIS B2311 ,2312,2313;
EN 10253-1 ,EN 10253-2
Material
ASTM
Carbon steel(ASTM A234WPB,,A234WPC,A420WPL6.
Stainless steel(ASTM A403 WP304,304L,316,316L,321. 1Cr18Ni9Ti, 00Cr19Ni10,00Cr17Ni14Mo2, ect.)
Alloy Steel:A234WP12,A234WP11,A234WP22,A234WP5,
A420WPL6,A420WPL3
DIN
Carbon steel:St37.0,St35.8,St45.8
Stainless steel:1.4301,1.4306,1.4401,1.4571
Alloy steel:1.7335,1.7380,1.0488(1.0566)
JIS
Carbon steel:PG370,PT410
Stainless steel:SUS304,SUS304L,SUS316,SUS316L,SUS321
Alloy steel:PA22,PA23,PA24,PA25,PL380
GB
10#,20#,20G,23g,20R,Q235,16Mn, 16MnR,1Cr5Mo,
12CrMo, 12CrMoG, 12Cr1Mo
Pipe Bends, Elbow Fittings, Cross Fittings, Thread Pipe Fittings
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