As China's earliest large-scale enterprise engaging in industrial sewing equipment specialized production and operation, and the first listed company in the sewing industry who issued A and B shares, also among the first to going out, implementing transnational M&A, ShangGong Group experienced 50 years of trials and hardships. When looking back and looking to the future, Shanggong cherishes the dream in the heart that never given up and continues the road toglory.
After M&A of DA AG in 2005, the leader in global sewing industry, the company explored globalization management strategy and achieved much experience and harvest. Facing the great impact of global financial crisis in 2008, Shanggong people response to the crisis with detachment tolerance,accumulated experience and capital in the crisis, so when the economystabilized and rebounded in the industry, Shanggong first went out and turned profit.In 2013, Shanggong again M&A pfaff, the Europe's second-biggest sewing equipment manufacturer, as well as KSL, the world's leading company in industrial sewing automation application area, rapidly obtained the world's leading sewing technology, including 3D sewing technology, strengthening the company’sstatus of No. one in the field of automatic sewing technology in the world, and No. one in term of production and sales in China and among the top three in the world, which laid a good foundation for catching up with the world's first.
Practice tells us that the enterprise should not only think of way to "go out", what is more important to have the ability to "go up". transnational M&A is just a way, the ultimategoal is to promote globalization business integration, industrial upgrading,improve enterprise core competitive ability.
Adhere to the road " leading science and technology,innovation and development", I and my colleagues will, as always, keep improving, engaging in building high-end sewing brands.