As a supplier of parts, pump and valve companies have their fate associated with industries such as real estate, construction, industry, and engineering projects. The global financial crisis is fierce. The penetration between industries is extraordinary, and the negative effects are obvious.
First, the negative effects of the financial crisis "Heroes competing for money" fracture of the capital chain into a recessive fuse It is reported that this year, the stainless steel industry has encountered an unprecedented "cold stream", at least 70% of the local stainless steel operators have chosen to stop production In the state of semi-discontinued production, the output value has shrunk by at least 60% compared with the same month last year. Take nickel plate as one of the main materials of stainless steel, last year its price was still about 420,000 yuan per ton, and this year it has fallen to 70,000 yuan, and the market demand and price of stainless steel finished products have also dropped dramatically. Bao Cunlin had purchased a large amount of nickel plates at high prices last year. In this year's low sales prices of stainless steel products and small sales volume, it is bound to suffer serious losses and funds cannot be withdrawn in time. Bao Cunlin operates Jiangsu Xinglilai Special Steel Co., Ltd. The scale of the factory covers an area ranging from ten acres to 30 acres, up to the current 300 acres. The scale continues to expand and the battle lines are getting longer and longer. Big. For financing and storage of forests, they have borrowed hundreds of millions of yuan from major banks, and repayments have become a heavy burden. Especially in the case of the financial turmoil of this year and the overall sluggish stainless steel market, the repayment date has come and the situation is not good. It was alleged that Bao Cun Lin had filed for bankruptcy with the relevant authorities but it was not approved.
Declining Market Demand "Muffled Furnace" is a Significant Condition In the metallurgical industry, "blast furnace" and "coking furnace" are the core equipments of iron and steel and coking enterprises. Once they are ignited, they cannot be easily stopped. Otherwise, the furnace body will be seriously damaged. The so-called “squeezing furnace†is actually a method that these companies have to use to reduce their production costs. It keeps the furnace in a state of insulation, minimizes costs, and waits for the market to pick up. Under the impact of the international financial crisis, with the rapid shrinkage of the market, a group of enterprises in China's steel, coking, textile and apparel industries are currently in the state of suspend production and semi-discontinued production. Although production and operation are in trouble, they are still waiting for the market to recover. People in the economic community have vividly referred to this as the "stirring phenomenon." The arrival of the financial crisis is undoubtedly worse for steel, construction and its upstream and downstream industries. The limited funds, the sharp decline in demand, the upper reaches of the operation is not working, the downstream is in jeopardy, the precarious, some industries overcapacity, blind investment highlights the disadvantages, forming a dilemma.
The negative effects of the financial crisis have, to a certain extent, delayed the development of the company and become a “cold air†that obstructs the development of the company. Its unfavorable effects are unforgettable. In spite of this, companies need to face up to the effectiveness of the financial crisis. In order to achieve their own development, we must also see its positive side in order to survive and develop. In sum, the financial crisis has brought us unexpected warnings.
Second, the active role of the financial crisis orders to reduce the enterprise "survival of the fittest"
Not long ago, Wenzhou Fastener Industry Association found in a survey of companies in the industry that the fastener industry with more than 3,000 companies three years ago is now only more than 2,000. All along, low, small, scattered is one of the important features of the fastener industry in Wenzhou. A large part of the family workshop-style enterprises rent private houses for production, and they rely on price war to occupy a little market. However, in recent years, as raw material prices have been rising all the way, small enterprises cannot afford the costs. At the same time, with the continuous expansion of Wenzhou cities, more and more private houses have been demolished, and these small companies have lost their production sites. The advent of the financial crisis has played a role in fueling the crisis. As a result, most of the nearly 1,000 small companies that “disappeared†have been integrated into larger enterprises. The benefits and image of the fastener industry in Wenzhou are much better than before. The reason is that after the reduction of family-run small businesses, there have been fewer fake and inferior products, and products with lower prices have been decreasing.
The implementation of solid policies has been implemented. "The current difficulties in some industries have also reflected the problems that the macro-control policies of the past few years have not been effectively implemented. Take the iron and steel industry as an example. Although the project of Jiangsu Tieben Company was shut down in 2004, , but then there were more 'Little Iron Ben' companies built up.†A leading cadre familiar with the development of the iron and steel industry in Hubei Province stated that “these lessons are worthy of reflection. If the macro-control policies are effectively implemented, The days of the steel industry are much better now.†The advent of the financial crisis has seen its huge industrial impact on the one hand, and the inadequacies of the enterprise itself on the other, while the drawbacks of the internal system of the industry have also been exposed. Under the market economy system, macro-policy intervention has become necessary.
First, the negative effects of the financial crisis "Heroes competing for money" fracture of the capital chain into a recessive fuse It is reported that this year, the stainless steel industry has encountered an unprecedented "cold stream", at least 70% of the local stainless steel operators have chosen to stop production In the state of semi-discontinued production, the output value has shrunk by at least 60% compared with the same month last year. Take nickel plate as one of the main materials of stainless steel, last year its price was still about 420,000 yuan per ton, and this year it has fallen to 70,000 yuan, and the market demand and price of stainless steel finished products have also dropped dramatically. Bao Cunlin had purchased a large amount of nickel plates at high prices last year. In this year's low sales prices of stainless steel products and small sales volume, it is bound to suffer serious losses and funds cannot be withdrawn in time. Bao Cunlin operates Jiangsu Xinglilai Special Steel Co., Ltd. The scale of the factory covers an area ranging from ten acres to 30 acres, up to the current 300 acres. The scale continues to expand and the battle lines are getting longer and longer. Big. For financing and storage of forests, they have borrowed hundreds of millions of yuan from major banks, and repayments have become a heavy burden. Especially in the case of the financial turmoil of this year and the overall sluggish stainless steel market, the repayment date has come and the situation is not good. It was alleged that Bao Cun Lin had filed for bankruptcy with the relevant authorities but it was not approved.
Declining Market Demand "Muffled Furnace" is a Significant Condition In the metallurgical industry, "blast furnace" and "coking furnace" are the core equipments of iron and steel and coking enterprises. Once they are ignited, they cannot be easily stopped. Otherwise, the furnace body will be seriously damaged. The so-called “squeezing furnace†is actually a method that these companies have to use to reduce their production costs. It keeps the furnace in a state of insulation, minimizes costs, and waits for the market to pick up. Under the impact of the international financial crisis, with the rapid shrinkage of the market, a group of enterprises in China's steel, coking, textile and apparel industries are currently in the state of suspend production and semi-discontinued production. Although production and operation are in trouble, they are still waiting for the market to recover. People in the economic community have vividly referred to this as the "stirring phenomenon." The arrival of the financial crisis is undoubtedly worse for steel, construction and its upstream and downstream industries. The limited funds, the sharp decline in demand, the upper reaches of the operation is not working, the downstream is in jeopardy, the precarious, some industries overcapacity, blind investment highlights the disadvantages, forming a dilemma.
The negative effects of the financial crisis have, to a certain extent, delayed the development of the company and become a “cold air†that obstructs the development of the company. Its unfavorable effects are unforgettable. In spite of this, companies need to face up to the effectiveness of the financial crisis. In order to achieve their own development, we must also see its positive side in order to survive and develop. In sum, the financial crisis has brought us unexpected warnings.
Second, the active role of the financial crisis orders to reduce the enterprise "survival of the fittest"
Not long ago, Wenzhou Fastener Industry Association found in a survey of companies in the industry that the fastener industry with more than 3,000 companies three years ago is now only more than 2,000. All along, low, small, scattered is one of the important features of the fastener industry in Wenzhou. A large part of the family workshop-style enterprises rent private houses for production, and they rely on price war to occupy a little market. However, in recent years, as raw material prices have been rising all the way, small enterprises cannot afford the costs. At the same time, with the continuous expansion of Wenzhou cities, more and more private houses have been demolished, and these small companies have lost their production sites. The advent of the financial crisis has played a role in fueling the crisis. As a result, most of the nearly 1,000 small companies that “disappeared†have been integrated into larger enterprises. The benefits and image of the fastener industry in Wenzhou are much better than before. The reason is that after the reduction of family-run small businesses, there have been fewer fake and inferior products, and products with lower prices have been decreasing.
The implementation of solid policies has been implemented. "The current difficulties in some industries have also reflected the problems that the macro-control policies of the past few years have not been effectively implemented. Take the iron and steel industry as an example. Although the project of Jiangsu Tieben Company was shut down in 2004, , but then there were more 'Little Iron Ben' companies built up.†A leading cadre familiar with the development of the iron and steel industry in Hubei Province stated that “these lessons are worthy of reflection. If the macro-control policies are effectively implemented, The days of the steel industry are much better now.†The advent of the financial crisis has seen its huge industrial impact on the one hand, and the inadequacies of the enterprise itself on the other, while the drawbacks of the internal system of the industry have also been exposed. Under the market economy system, macro-policy intervention has become necessary.
Ballast,Light Ballast ,Tube Light Ballast ,Metal Halide Ballast
Roller Bearing Co., Ltd. , http://www.nbballast.com