In this regard, as the key figure that contributed to this acquisition, Mr. Tony Tala, president of Watts Group Asia in the United States, is deeply incomprehensible. When receiving a reporter's visit, he said that in order to speed up the development of the long valve, the American Watts Group decided to invest 25 million US dollars in the last two years to make the long valve the world's largest butterfly valve production base and Asia's large-scale valve research and development center, and further realize Localization of Watts China.
Heavy emphasis on business ethics
Tara believes that investment pays attention to returns, and the bigger the return, the better. This is what people often say to pursue the maximization of benefits. Whether it is domestic or foreign investment.
The reason why the Watts Group of the United States has invested in China is that it is optimistic that the Chinese water industry market reserves a vast space. In the event that the power generation, heating, and sewage treatment industries are in the ascendant and urgently need high-end products, as the best provider of global water technology solutions, the United States Watts Group will be very useful in China and will eventually be able to achieve investment. Value orientation: One is to make money in the short term; the other is to lay a good foundation for making more money in the future.
The Watts Group of the United States has come for profit, but pays attention to making money legally and never violates business ethics. Because, the Watts Group of the United States has the confidence and ability to rely on advanced technology, good products, and high-quality services to obtain reasonable returns by providing Chinese customers with the best water technology solutions. It is with such confidence and ability that the Watts Group in the US, whether it is a joint venture or an acquisition, has always insisted on pursuing a win-win situation on the premise of adhering to national laws, respecting local government opinions, respecting the legitimate rights and interests of employees, and following the rules of the market. As Mr. Liu Pucheng, the old director of Long Valve, puts it, if you compare the long valve of the past to a warship that is fighting alone, then the long valve now is to catch an aircraft carrier, which can be better in the commercial sea.
Reacquire heavier "armed"
In Tara's view, whether it was a joint venture with Tanggu Valve Plant ten years ago to establish Tianjin Watts Valve Co., Ltd., or in recent years, the sole proprietorship to establish Tianjin Watts Valve Co., Ltd., to acquire Zhejiang Taizhou Plumbing Valve Company to form Watts Plumbing Technology (Taizhou ) Co., Ltd. is to combine globally advanced advanced technology and localized business model, quickly build up the industrial chain, realize the scale of operation, and enable customers in different regions to purchase almost all required water industry products locally. . It is out of this consideration that when the U.S. Watts Group seeks partners and chooses to acquire objects, it is not the other side's core technology, but the relationship between the other product and Watts and the availability of sales channels. The long-term valve was included in the acquisition target, which is precisely in line with the acquisition requirements of the Watts Group in the United States.
It is understood that the establishment of a wholly owned factory through capital operation, the establishment of a joint venture, and the acquisition of reorganization are only the first steps in building a strong "Waltz China". What is even more crucial is the follow-up technology "grafting." The four companies previously owned by “Wats China†are all outstanding in the Chinese market through their “armedâ€.
For the same consideration, after the Long Valve was acquired, the American Watts Group immediately began to "arm" and decided to inject $10 million into the newly established Watts Valve (Changsha) Co., Ltd. and invest $25 million in the past two years. It will be the largest large-scale butterfly valve manufacturing base in the world. On this basis, we must establish a large-scale valve R&D center facing Asia from the Watts Group in the United States, and work together with the manufacturing base to develop a series of large-scale valves that are applicable to hydropower, thermal power, and industrial and mining advanced international standards.
Watts of the United States Builds the World's Largest Butterfly Valve Manufacturing Base in Changsha
After the Changsha Valve Factory, which holds the core technology of large valves, was acquired by Watts Water Industry Group and reorganized into Watts Valve (Changsha) Co., Ltd., the relevant domestic authorities and individuals have a few words that the future of China's steel, power generation, and supply When the heat and water supply industries use large-scale valves, they may need to look at the faces of foreign investors.