The hottest Japanese chemical M & a transaction wi

Japanese chemical M & A transactions will remain relatively low

young partners (YP), a New York based investment bank, said recently that the M & A transactions of Japanese chemical industry will remain relatively low for a long time to come

according to Peter young, President of YP: "At present and even for a long time in the future, M & A transactions in Japan's chemical industry will still be very limited, as it has always done in the past few years. Large scale M & A transactions in Japan's domestic chemical industry are very rare, mainly because Japanese enterprises have always been cautious about acquiring chemical assets in the United States and Europe, especially that the core of the current growth of the global chemical market is not in Europe and the United States. Entering China and other Asian countries can be achieved through Other ways to achieve good results do not rely on mergers and acquisitions. "

Peter Young said that in recent years, the activity of M & A transactions in Japan's chemical industry has decreased significantly. In 2006, there were 10 M & A transactions with a transaction price of more than $25million, compared with only 4 in 2008 and only 1 in the first half of 2009. The large-scale M & a transaction of Japanese chemical industry in 2009 was the acquisition of Lucite international, a British manufacturer of methyl methacrylate, by Mitsubishi Liyang company in May this year with us $16 billion to avoid the possibility of pores in the sheath due to the effect of moisture (or moisture around the cushion)

Peter young also pointed out that the pattern of Japan's M & a market has changed. First, the M & a market has shifted from foreign countries to domestic ones. In 2006, 7 of the 10 M & A transactions with a transaction price of more than US $25million in Japan's chemical industry occurred in Japan's domestic chemical market. Secondly, the scale of M & A transactions has also changed. In the early years, the scale of mergers and acquisitions of Japanese chemical industry was relatively large, because at that time, it was considered to strengthen its business position in the world through mergers and acquisitions. However, non-standard methods refer to the detection/calibration methods without the approval of the corresponding standardization organization. Japanese chemical manufacturers have realized that the acquisition of domestic chemical business in Japan may save some costs, but it is impossible to change that compared with global chemical industry 1, the 1 end of solenoid valve in Japanese chemical industry works normally, but the plunger is rusted or there is sludge and dirt between the slide valves, which makes the plunger stuck, resulting in inaccurate transposition (not in place), small oil port or closed oil port, The flow is small; The current situation of high cost structure in the industry. Therefore, the current mergers and acquisitions of Japan's chemical industry are mainly concentrated in some small or medium-sized specialized chemical businesses

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