Jiangsu Jinsheng Intends To Acquire Two Business Divisions Of Orrican.

< p > recently, the "a href=" http://www.91se91.com/business/ > Jiangsu Jinsheng < /a > Industrial Limited by Share Ltd (hereinafter referred to as "Jiangsu Jinsheng") signed an agreement with Switzerland's Rui Kang group to acquire the two undertakings of natural a href= "http://www.91se91.com/ news/index_c.asp" > fiber < /a > and textile machinery specialized parts.

< /p > < p > Orion's official website Bulletin shows that the paction is worth about 650 million Swiss francs (about 4 billion 230 million yuan). The paction has yet to be approved by the state and is expected to be completed in the third quarter of next year.

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< p > for this, the reporter called Jiangsu Jinsheng, but the company said the top executives were still abroad, and the domestic takeover was not known.

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< p > "compared with the clothing brand, in the textile industry, the case of domestic enterprises acquiring and merging foreign enterprises is relatively small, and the acquisition is relatively large in the textile industry."

Textile industry observer Wang Qian Jin told reporters.

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< p > > there are many ways to upgrade industries. Chinese enterprises have to rely on their own technology and capital to develop for a longer time, but better use of mergers and acquisitions can achieve faster upgrading.

< /p > > P > the textile industry in Europe and the United States is mainly middle and high-end. Orrican, as a well-known company in the world, is in the process of upgrading the competitiveness and upgrading the industry.

Wang Qianjin said.

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< p > announcement shows that Jiangsu Jinsheng was founded in 2000, and the annual a href= "http://www.91se91.com/news/index_cj.asp" > turnover > /a > over 6 billion 600 million yuan. The main business involves high-end machine, regenerated cotton fiber, real estate and saliva detection.

/p > < p > in December 22, 2005, the company signed with the Swiss European Union Group and formed a joint venture of Jiangsu Jinsheng Textile Machinery Co., Ltd. and Jinsheng collar Manufacturing Co., Ltd. in Jintan.

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< p > Ou Ruikang, Switzerland's main business machinery and equipment and system engineering, involving advanced technologies such as textile production, pmission system, precision and vacuum, and textile business occupies the largest share.

< /p > P > media reports show that orrican plans to restructure the textile business at the end of last year and pferred the textile center to Shanghai in the first quarter of 2012.

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