Ministry of Industry and Information Technology pushes nine major industry mergers and acquisitions to recruit LED overcapacity

Recently, the Ministry of Industry and Information Technology, the Development and Reform Commission, the Ministry of Finance and other 12 member units of the State Council's Inter-Ministerial Coordination Group for Promoting Enterprise Mergers and Reorganizations jointly issued the Guiding Opinions on Accelerating the Merger and Reorganization of Key Industry Enterprises. The main objective of the guidance is to promote industrial mergers and acquisitions, increase industrial concentration, promote large-scale and intensive operations, improve market competitiveness, and cultivate a group of large-scale enterprise groups with international competitiveness to promote the optimization and upgrading of industrial structure.

The nine key industries include automotive, steel, cement, marine, electrolytic aluminum, rare earth, electronic information, medicine and agricultural industrialization. Zhu Hongren, chief engineer and office director of the Ministry of Industry and Information Technology, pointed out in his answer to the reporter: "These nine industries and fields have one common feature, that is, the economies of scale are significant, but at present the organizational structure of these industries is not reasonable and the industrial concentration is not high. Small and scattered enterprises, low level of socialization and specialization, lack of large enterprises that can lead the healthy development of the industry, leading to outstanding problems such as redundant construction, overcapacity and vicious competition."

Among them, for the electronic information industry, the Ministry of Industry and Information Technology aims to form 5-8 large-scale backbone enterprises with sales revenues exceeding 100 billion yuan by 2015, and strive to cultivate large enterprises with sales revenues exceeding 500 billion yuan. Promote resource integration and industrial integration with capital as a link, accelerate development and form a group of multinational corporations with key core technologies, outstanding innovation capabilities, high brand awareness and strong international competitiveness.

Gaogong LED reporter learned that electronic components (packaging devices) and electronic materials industry (LED related materials) used in the LED industry are all part of the electronic information industry. The introduction of this policy is also directed at the overcapacity caused by the crazy investment of the LED industry in the past few years, and the fact that the enterprises in the industry are relatively scattered and the scale is generally small.

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