Trends of Transnational Corporations
[ADM] ADM company of the United States and LG Chemical recently announced a joint development agreement on bio based acrylic acid. Bio based acrylic acid is the basic raw material for the production of high absorbent resin (SAP) used in a variety of sanitary products. According to the terms of the agreement, ADM company and LG Chemical, one of the world's leading acrylic acid producers, will work together to use ADM corn processing ingredients to realize the commercial production of 100% bio based acrylic acid economically feasible.
[Auchan] during the epidemic limitation period, many French supermarket chains shortened their business hours and chose to close earlier. On the one hand, it was to reduce the pressure on employees, and on the other hand, it was due to less night traffic. Auchan group chooses a more flexible management method, which allows store managers to decide whether to close every day and on weekends according to the specific situation, "if they think it is necessary, they can close at 20 p.m." A spokesman for Auchan said it was useless to motivate employees to stick to their work. Employees have been under a lot of pressure.
[Unilever], as a consumer goods provider with brands such as Dover, Kellogg, enigma and Weibo, recently announced that it will take a series of measures to support countries around the world to cope with the new crown-19 epidemic. The company's actions are designed to help multiple stakeholders, including its consumers and communities, customers and suppliers, as well as its employees, protect their lives and livelihoods. Unilever will help fight the epidemic by donating 100 million euros worth of soap, disinfection, sterilization and bleaching products and food. "We are deeply saddened that the new coronavirus is having a terrible impact on people's lives and livelihoods around the world," said Joe Anlu, CEO of Unilever. The world is facing its biggest test in decades. At the same time, I hope that by ensuring the income and work of our workers, they will feel a little relieved in the uncertain environment. Our ample cash flow and healthy balance sheet mean that we can and should provide more support and help. "
[Disney] on March 28, local time, Disney Company announced that according to the instructions of health experts and government officials, Disney theme park in California and Florida will continue to be closed until further notice. Disney said there are still many uncertainties about the impact of the new coronavirus epidemic, and the safety and health of its guests and employees remain the company's top priority. In addition, Disney said it has been paying performers salaries since the park was closed. Disney has decided to continue to pay performers in theme parks and resorts an hourly rate until April 18.
Novel coronavirus pneumonia has been closed by Pohang Pohang iron and Steel Co., Ltd., which is located in Italy, Malaysia, Philippines and India. At the request of the Italian government, all production activities will be stopped except for the necessary products. Posco-itpc, an Italian stainless steel cold rolling mill near Verona in northeast Italy, is scheduled to close from March 26 to April 3. The center has an annual processing capacity of 40000 tons of stainless steel processing plant. Posco-mkpc in Malaysia and posco-pmpc in the Philippines have been closed on March 17 and 18 respectively, and will be closed to the end of March. In addition, POSCO's plate processing center in India will also be closed to March 31 according to the instructions of the local government of India.
[HP] on March 26, HP again asked investors to reject Xerox's acquisition proposal. They said the complex merger would bring "disaster" to the PC giant at a time of economic turmoil caused by the new crown. "Based on the current situation and our consistent fiduciary responsibilities, we believe that valuable time, attention and resources should not be invested in the transaction communication with Xerox." "The global, social, economic and financial environment has changed dramatically since Xerox launched an offer to exchange shares and nominated directors," HP said in an open letter to investors on Wednesday. Nevertheless, Xerox continues to push forward the tender offer and forces the merger to be completed by nominating directors. "
[country garden] Country Garden Holdings Co., Ltd. (02007. HK) disclosed the 2019 annual performance report on March 27, showing that the group's total operating revenue in 2019 was about 485.91 billion yuan (RMB, the same below), with a year-on-year growth of 28.2%; gross profit was 126.64 billion yuan, with a year-on-year growth of 23.6%; net profit was about 61.2 billion yuan, with a year-on-year growth of 26.1%. The board of directors proposed to distribute the final dividend of 34.25 points per share, a year-on-year increase of 13%; the annual total dividend of 57.12 points per share, a year-on-year increase of 17%; the annual dividend amount of about 12.4 billion, positive feedback to shareholders. At the same time, 70.2 billion taxes were paid in the whole year. At the performance conference, Mo bin, President of the group, said that the main tone of "no speculation in China's real estate market" has not changed, but urbanization is unstoppable. Therefore, the group is cautiously optimistic about the market prospect, believing that the group, with its extensive and balanced layout in the country and precise and scientific investment strategy, can achieve the promotion of comprehensive competitiveness in the whole cycle, and become stronger and better.
Hengli] novel coronavirus pneumonia was developing rapidly in early 2020, and medical masks and protective clothing were in short supply. In this regard, Hengli Group's chemical fiber plate epidemic prevention production is not wrong, and stepped up the production of high-quality chemical fiber products to provide raw materials for downstream manufacturers of epidemic prevention materials. As one of the largest functional fiber production bases in the world, at present, the annual production capacity of Hengli Group's Polyester new materials reaches 2.81 million tons. Hengli's DTY products are not only supplied to manufacturers of raw materials for making medical protective clothing, elastic belts and special tapes for making protective clothing, but also used for making anti epidemic materials such as mask ear belt, medical filter cloth, operating table cloth, white gown and nurse's clothing. The special adhesive tape for protective clothing is an indispensable fitting product in the production of protective clothing. During the fight against the epidemic, Hengli Group did not forget the responsibility and responsibility of large state-owned enterprises, and contributed to win the prevention and control of the epidemic. It is worth mentioning that while emergency production of epidemic prevention materials, Hengli Group has donated 120 million yuan and 21000 sets of protective clothing to fight the epidemic.
[Alibaba] Alibaba Research Institute recently released the report on digital transformation and upgrading of Guangdong manufacturing industry, which shows that in 2019, Alibaba had a digital "chemical reaction" with tens of thousands of enterprises in Guangdong through Alibaba cloud, 1688, tmall, jujiasuan, fast selling and other businesses, ranging from Zhongshan smart door lock to Foshan furniture industry belt, Jiangmen hardware industry to Shenzhen 3C industry belt, and Guangzhou Digital and intelligent transformation and upgrading are being carried out in the key industrial belt of the eastern province. According to the report, currently, there are more than 60000 cloud enterprises in Guangdong, and more than 20 "digital manufacturing industrial belts" are deeply integrated with Alibaba platform.
The novel coronavirus pneumonia (Caterpillar) announced that Caterpillar, the heavy machinery manufacturer of the US, will withdraw its profit forecast this year, because the global economic outlook for the new crown pneumonia is not clear. Caterpillar The company stressed that the epidemic had a significant impact on its financial situation, but it is still early to make a judgment, coupled with the company's financial stability, and it is confident that it will survive the crisis.
AB InBev, a beer giant, announced that it would start producing hand sanitizer and donate it to areas in need, saying that having a large amount of alcohol raw materials is an advantage of its switch to hand sanitizer. The company said it would donate 1 million bottles of hand sanitizers and disinfectants directly to the group's bottling plants and channel networks around the world, which are currently mainly donated to the European market.
[Repsol] Spanish energy company Repsol said on Wednesday that it will cut capital expenditure significantly this year due to the sharp fall in commodity prices and the impact of the epidemic, and will postpone the release of its 2025 strategic plan. Repsol will cut capital spending by more than 1 billion euros ($1.08 billion) in 2020 as part of its so-called "2020 flexibility plan.". The plan also includes cutting operating costs by more than 350 million euros. "The company's financial goal will be to maintain a strong balance sheet and investment grade," Repsol said
[Greenland holding] on March 31, Greenland Holding Group Co., Ltd. (Greenland holding, 600606. SH) signed a comprehensive strategic cooperation agreement with Guiyang Municipal People's government and Gui'an New Area Management Committee, and the Greenland global commodity trade port project of Shuanglong Airport Economic Zone in Guizhou Province was signed. At the same time, Greenland holdings will participate in the investment of Guiyang and Gui'an new area, with a planned investment of 40 billion yuan in the near future, including the urban renewal project of Renmin Avenue in the center of Guiyang, Guiyang southwest land port intercity space station, etc.
Goldman Sachs said Tuesday that the economic downturn in the second quarter of the United States will be much higher than previously expected, and the unemployment rate will rise sharply. Goldman Sachs recently predicted that real GDP in the second quarter of the United States would fall 34% year-on-year, compared with the previous forecast of only 24%, while the economic growth target in the first quarter of the United States was lowered from 6% to 9%. In addition, the unemployment rate will rise to 15% by the middle of this year, compared with the previous forecast of only 9%.
[Lenovo] for the first time, Lenovo will hold its annual global oath conference live online. At that time, Yang Yuanqing, chairman and CEO of Lenovo Group, will attend the meeting with Gianfranco, Liu Jun, Kirk, he Zhiqiang, Tong Fuyao, LAN ye, Qiao Jian, Gao Lan, ruiyong, art and other executives.
[Industrial Bank] on March 28, Yinchuan branch of industrial bank closed the billboard lighting, office building landscape lighting, office space lighting and road advertising billboard lighting on the top of all office buildings under its jurisdiction, supported energy conservation and emission reduction, advocated low-carbon life with "lights out action", and implemented the "Earth hour" activity of the annual environmental protection event Move. As the first "equator bank" in China, industrial bank has been participating in the "Earth Hour" activity for ten consecutive years, and has become a public welfare partner of WWF in this year, demonstrating Industrial people's environmental awareness and determination on the world stage. In the past three years, Yinchuan branch of Industrial Bank has been striving to build a multi-faceted social responsibility practice mode with the best combination of social responsibility and enterprise value. It has invested more than 3.5 billion yuan in green financial loans to support the development of energy conservation and emission reduction, ecological environmental protection and new energy in Ningxia and contribute to the construction of beautiful new Ningxia.
[ThyssenKrupp] ThyssenKrupp, the German industry and technology group, announced on Wednesday that it had reached an agreement with Ig metall (German metal industry union) to immediately start implementing the steel strategy 20-30. As a first step, the company will reduce up to 2000 jobs over the next three years and another 1000 by 2026. The Agreement applies to all of ThyssenKrupp's German steel plants. The collective agreement will come into force on April 1, 2020 and will remain in force for six years until March 31, 2026. With the implementation of the layoff plan, the company plans to strengthen the integrated production base in Duisburg by closing departments in other locations.
[Geely] Geely reserves more than 19 billion yuan to deal with the epidemic. In the face of the current global economic situation, Geely will not reduce its sales target of 1.41 million vehicles set at the beginning of 2020. Moreover, Geely will not lay off employees, reduce salaries or delay the payment of employees' salaries, which will be improved through internal organizational change and employee efficiency