Global Chemical M&A Transaction Activity Increased
According to the latest research report of PricewaterhouseCoopers, the activity of global chemical M&A transaction in the first quarter of this year has been greatly enhanced compared with the same period of last year. The industry has announced 293 M&A transactions, compared with 274 in the same period of 2010. In the first quarter of the global chemical industry's M&A transactions, there were 8 transactions worth more than US$1 billion, more than half of the total number of such M&A deals in 2010.
According to the report data, the number of M&A deals with a single transaction volume of over 50 million U.S. dollars in the global chemical industry in the first quarter was 31, with a total value of 41 billion U.S. dollars. In the first quarter of 2010, these figures were 21 and 23 billion respectively. The dollar, the number of transactions and the value of transactions increased by 48% and 78% respectively.
Tracey Stover, head of global chemical business at PricewaterhouseCoopers, said: "The dramatic increase in the activity of global industrial M&A in the first quarter was mainly attributable to improved corporate balance sheet, enhanced profitability and promising business prospects. During the economic downturn, most of the M&A transactions were small and medium-sized mergers and acquisitions made by strategic buyers. Now that block trades have begun to increase, different types of buyers have emerged, benefiting from the continued recovery of the global economy and the continued fundamentals of chemical demand. Taking a good walk, we expect the global chemical M&A transaction activity will remain at a high level.â€
PricewaterhouseCoopers said that in the first quarter of this year, financial investors had increased their activity in the chemical M&A transactions, and the amount of chemical M&A transactions involved reached US$9.2 billion, accounting for 23% of the global total, and this ratio in the first quarter of 2010. Only 11%. Geographically, in the first quarter, the number of M&A deals in North America that exceeded US$50 million in single transactions amounted to 12 transactions, with a total value of US$21.1 billion, including six M&A transactions occurring in the North American region, and mergers and acquisitions by foreign investors. Three deals were traded, and the other three were North American investors’ overseas M&A transactions. The number of large-scale chemical M&A deals in the Asia-Pacific region was 17 and the total value was 10.6 billion U.S. dollars, which was the leading position in the number of transactions.
In the first quarter, China continued to be active in the field of chemical M&A transactions. A total of approximately US$6 billion worth of M&A transactions occurred, of which overseas M&A transactions were valued at US$3.8 billion and domestic M&A transactions were valued at US$1.9 billion. In the first quarter, the activity of Chinese chemical M&A transactions showed a modest increase in volume compared with the same period in 2010, but overseas acquisition transactions increased significantly year-on-year, and according to PricewaterhouseCoopers this trend is expected to continue in 2011.
Stoff pointed out: "In an economic downturn, M&A transactions are mainly concentrated in regions or countries. With the gradual recovery of the global economy, the activity of cross-border M & A transactions has been greatly enhanced, because many companies hope to strengthen through cross-border M & A transactions. In the global business layout, China and other emerging economies will play a more important role in this year's global chemical M&A transaction market, and at the same time it will intensify competition in the M&A transaction market.â€
Tom Crotty, director of Ineos Group, also stated that the global chemical M & A transaction activity has returned to the pre-crisis level. In the first four months of this year, global industry announced mergers and acquisitions transactions amounted to 50 billion U.S. dollars, equivalent to the level of the same period before the crisis occurred in 2007. Crotty said that due to the economic recovery, the chemical company's operating environment has improved significantly, and the company has a lot of cash to carry out business acquisitions. Chemical manufacturers have come out of the downturn and most chemical companies are looking for business restructuring to reduce costs in order to cope with unforeseen events that may occur in the future.
We are Stainless Steel Flange suppliers and specialize in Stainless Steel Pipe Flange, Stainless Steel Wall Flange, etc.
Stainless steel flange
A. Categories: with flat welding neck flange SO plate flat welding flange PL with butt welding neck flange WN threaded flange TH socket welding flange SW integral flange IF blind flange BL.2. Specification: DN = 10 ~ 1000 PN = 6.0 ~ 40 mpa
3. Material: 304, 304 l, 304, 316 l, 904 l, 2520, such as stainless steel material.
4. Standard: DIN, JIS, GB, ASTM/ASME.
5. Application: the product is widely used in petroleum, metallurgy, food, electric power, papermaking, water conservancy, nuclear power, chemical industry, chemical fiber, printing and dyeing, aerospace, shipbuilding, transportation, wine, water treatment and other industries.
Stainless Steel Flange, Stainless Steel Pipe Flange, Stainless Steel Wall Flange
Hebei Jimeng Highstrength Flange-tubes Group Co.,Ltd. , https://www.jimengflange.com