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[Research Tour of 100 Cities, 100 Counties and 100 Enterprises] COSCO: the reform vanguard of "bringing in and going out"

2018-11-18 08:13:05   China Industrial Network - Workers' Daily

Under COSCO Shipping Group, there is such a shipbuilding enterprise that has built a more scientific equity structure in the reform and opening up, vigorously introduced foreign advanced technology and scientific management, and is in the forefront of the industry both in terms of enterprise operation and employee satisfaction.

Entering this enterprise called Nantong COSCO Shipping Kawasaki Ship Engineering Co., Ltd. (NACKS), the reporter saw advanced robot production lines, huge cargo ships, and conscientious and responsible employees.

NACKS, founded in 1995, is an enterprise with half of the shares of China and Japan. "The reason for the ups and downs of the establishment of this enterprise is the equity distribution mechanism," said Chen Gong, the general manager of the enterprise.

In the mid-1990s, Japan had the most advanced shipbuilding technology and management in the world, while China had market and labor advantages. At that time, COSCO Group and Kawasaki Heavy Industries decided to establish a new shipyard in a joint venture.

The Japanese side put forward the idea of equal equity, 50% to 50%, which caused many doubts. "The joint venture project was under heavy pressure at home and abroad. After repeated efforts and efforts, it finally passed the joint investigation organized by relevant national ministries and commissions and the review of shipbuilding projects, and gained legal status," Chen said.

Since the equity is equal, the company implements the "China Japan General Manager Responsibility System" under the leadership of the Board of Directors, and has established an operation and management system of mutual responsibility, mutual checks and balances, and mutual supervision. Both parties always consider and discuss carefully when making decisions, give play to their respective advantages, and effectively avoid major mistakes. At the same time, the introduction of management experience and continuous innovation support the long-term development of the enterprise. Since the first ship was built in 1998, no matter how the market fluctuates, the enterprise has always been in a profitable state.

At the same time of "bringing in", NACKS also adheres to the concept of "going out". Both procurement and orders are oriented to global customers and grow into an international company.

This is a microcosm of "bringing in and going out" of COSCO by taking advantage of the reform trend. The Group has always been in the forefront of the reform and opening up of Chinese enterprises, and is brave to be the reform vanguard.

On February 18, 2016, with the deepening of the reform of state-owned enterprises, China Ocean Shipping Group Co., Ltd. was officially established in Shanghai, and the former two major groups of China Ocean Shipping and China Ocean Shipping realized strategic restructuring. This reorganization and integration broke the old pattern of regarding the main shipping industry as the bottom line, created a listing platform for financial holding, and fundamentally improved the anti cyclical ability of enterprises.

Today, the group's ocean routes cover more than 1500 ports in more than 160 countries and regions around the world. It has set up 10 regional companies in Europe, the Americas, Asia and Africa, 691 overseas companies in more than 50 countries and regions, 7 overseas listed companies, and total overseas assets of 378.828 billion yuan.

COSCO also takes the initiative to assume the responsibility and mission of the main force and vanguard of the construction of the "Belt and Road" by the central enterprises, carries out the global layout with the "Belt and Road" as the main axis, builds a smooth global transportation network, and provides all-round integrated logistics supply chain services for the smooth trade and facility connectivity between countries and regions along the "Belt and Road".

By the end of May 2018, COSCO Shipping Group had arranged 138 liner routes along the "Belt and Road", invested about 190 container ships and 1.231 million TEUs, accounting for 61.8% of the total container transport capacity. (Worker's Daily - Sun Xibao, a reporter of China Industrial Network)

Edit: Li Xueping

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