By Zhang Lipeng in Beijing | CRRC | Updated: 2017-12-05
Recently, Nord Deutsche Landes Bank (NORD/LB) released the rank list of enterprises of Lower Saxony of Germany in fiscal year 2016, and the rank of BOGE - a subsidiary of Zhuzhou Times New Materials Technology Co., Ltd. of CRRC Zhuzhou Institute rose by 2 positions than the previous fiscal year, and marched into “Top 50” of the enterprises of Lower Saxony for the first time.
It is known that Lower Saxony of Germany has many famous enterprises, in particular automobile enterprises, indicating fierce rank competition; the automobile manufacturing giant Volkswagen and the automobile accessory giant Continental got the first and the second places respectively.
Rank rise of BOGE embodies overall success of integration strategy since M&A in 2014. In recent 3 years, with the strong support of CRRC and CRRC Zhuzhou Institute, BOGE’s strategy of “new market, new base, and new customers” was implemented effectively, and year-by-year continual increase was realized for sales revenue, net profits and other operation indicators in 3 years from M&A, which was beyond the commercial plan provided by the former shareholder - ZF before M&A.
In 3 years, BOGE had been in collaboration with Zhuzhou Times New Material Technology Co., Ltd. in overseas M&A, procurement improvement, and collaborated research & development, promoting continual reform and upgrading of globalization management and control capability of Zhuzhou Times New Material Technology Co., Ltd. The rapid development of BOGE has injected strong confidence for “internalization, informatization and high technology” orientation of Zhuzhou Times New Material Technology Co., Ltd.