Mao Qingchuan: After 20 years, China has a Prysmian
- September 29, 2013
- Industry News
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Cable Network News “In another 20 years, I hope that there will be a Prysmian in China.” On September 24, Mao Qingchuan, deputy secretary-general of the China Electrical and Electronics Industry Association Wire and Cable Branch and chief engineer of the Shanghai Cable Research Institute, at the 2013 Wire and Cable Industry Conference Said above.
According to Mao Qing, for example, China’s medium voltage cable and high voltage cable production lines account for 75% of the global total, while the global market share is only 35%. Domestic wire and cable exports account for the proportion of global cable. Low, idle capacity is large.
The development of more mature global wire and cable companies like Prysmian is also gradually growing through effective mergers and acquisitions. At this industry conference, Prysmian China Regional Director Fei Yueke said in his speech on “Cable Industry Strategy and Countermeasures in a Globalized Economy” that corporate mergers and acquisitions are an effective method, and Prysmian is like this. Step by step development and expansion, a similar situation may occur in China in the future.
According to Mao Qing, the overall situation of the wire and cable industry is not ideal. The winter of the cable industry is coming. Wire and cable companies are holding a group to keep warm or stand alone or directly choose to die in the winter. Or maybe it’s sad, and it’s too old. This is worthy of consideration by wire and cable companies and the entire industry.
Note: Prysmian is a world-class multinational company headquartered in Milan, Italy, with a history of more than 100 years. As a leader in energy, communications, high-tech cables and systems, Prysmian is dominant in high value-added market segments, and the Prysmian Group is active in cable applications for energy and telecommunications. Develop, design, manufacture, supply and install.
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