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calendar   Friday - June 07, 2013

Time marches on. And so does China Inc.

How bout this? An Israeli company.  Those folks quietly do tech things well.

Alma Lasers (Alma) is an internationally well-known manufacturer of laser, light-based, radio frequency and ultrasound products with an integrated product portfolio for aesthetic and medical applications. With its world-leading core research and development (R&D) capabilities in the medical and aesthetic device manufacturing field, Alma Lasers has established a leading global brand with sales of over $100 million annually and plants and offices worldwide.  Alma today is reported to hold a 15% share of the global market for high-end aesthetic laser devices.
There are three key sectors in the laser medical and aesthetic device industry; high-end aesthetic devices, surgical devices and smaller devices for domestic use in the home. Alma Lasers is already one of the leaders in the high-end aesthetic device market and has now begun to gain a foothold in the surgical device market during 2012. At the same time, Alma Lasers is completing the R&D stage for new devices fit plans to introduce for domestic use.

Another people that do some things well are the Brits. Who never even give themselves credit.  But others are aware. Especially when it comes to things like thise.

image

Founded by Robert Braithwaite in 1968, Sunseeker is now an international company with an annual turnover of almost £290million a year.
Its range of luxury yachts varies from sleek, speed merchants to huge vessels with rooms for five cabins and home cinema system.

Customers include Arab royalty and Russian oligarchs as well as celebrities of all kinds from film stars to sports icons.
Sunseeker models have appeared in several James Bond films, famously racing up the Thames in The World Is Not Enough and most recently in Casino Royale when one is owned by villain Le Chiffre.

Robert Braithwaite never dreamed of having such international success when he learned his trade working for his father’s engine-servicing company.
Founded with a team of seven people, Sunseeker now employees around 2,300.

In 2002 Braithwaite was named Entrepreneur of the Year.
‘I was always a person with enormous ambition, but I never dreamed of this,’ he told the BBC at the time.
The company has ridden out the economic pressures of the banking crisis with profits last year set to reach £20.8million.

Well guess who’s coming to dinner with cash in hand ....

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A Chinese property group is closing in on a deal to buy Britain’s biggest luxury yacht maker, Sunseeker.
The firm, whose Predator 108 model appeared in the James Bond film Casino Royale, is expected to be bought by Beijing-based Dalian Wanda for around £300million.
It is the latest in a string of British companies to have been snapped up by Chinese buyers in recent years.
Wang Jianlin, chairman and founder of Dalian Wanda, told the Financial Times: ‘We bought the best yacht company in the UK.’


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Chinese Congomerate Fosun and Prudential of America Buy Israeli Company Alma Lasers

The Fosun Pharmaceutical Group (Fosun Pharma), based in Shanghai and a leading healthcare company in China, has announced the acquisition of 95.6% of the shares of Alma Lasers Ltd. whose R&D Centre is located in Caesarea Israel.  The acquisition is being made together with Pramerica-Fosun Fund and its cost will not exceed US$240 million.  CHINA

On the other side of the coin if I may use that term, some American companies are doing well investing in China and Japan.
I focus on one here cos they already own so much.
They own,
Dunkin Donuts
Folgers Coffee
Jiff (as in peanut butter)
Crisco
Pillsbury

They are the J.M. Smucker Company

J.M. Smucker is making a huge investment in the Chinese oatmeal business.

On March 26, 2012, the company bought a 25% interest in Guilin Seamild Biologic Technology Development Co. Ltd., a privately-owned manufacturer and marketer of oats products headquartered in the Guangxi province of China, for $35.9 million. The purchase comes with two manufacturing facilities in southern China and a third on the way. In 2013, the deal isn’t expected to influence Smucker’s revenues, which topped $5.5 billon last year.

And remember the shock (among some) when China bought Volvo?
How has that deal gone so far?  Well, things could be better.

Volvo, owned by Chinese company Geely, presented its annual report for 2012 at a press conference in Stockholm on Friday. And there was big interest in how Chinese-owned Volvo is doing.

With economic uncertainty in Europe and around the world, the car industry has been in for tough times.

Many manufacturers have been looking hopefully at the Chinese market as a way out. According to the report, Volvo managed to break even, which is also the expectation for next year. Volvo’s total car sales amounted to 421,000 cars, of which 41,000 were sold in China in 2012.This is far below Geely’s expectations of 400,000 cars in China alone.

So while China was Volvo’s biggest market in April this year, it is still far below expectations.

Geely´s Chairman Li Shufu has announced that to boost sales in China, Volvo needs to be adapted for the Chinese market and become more luxurious.

”We need cars that are valuable and attractive to our customers and they should be a bit more higher in cost than an average car. Also some need to be more luxurious if you look for a car for executives. Long wheel base cars, sedans of course need to be much more elegant and should nor resemble a Scandinavian family car. “


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Posted by peiper   United Kingdom  on 06/07/2013 at 02:08 PM   
Filed Under: • CHINA in the news •  
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