Japanese media said that Volvo Car, a Swedish premium car company, is stepping up its preparations for an initial public offering (IPO). It plans to raise 5 billion kronor through a third-party private placement for institutional investors. Volvo Cars was incorporated into the Zhejiang Geely Holding Group in 2010. Geely currently holds all of its equity. After promoting reconstruction with Chinese funds, it will move towards self-reliance. According to the "Nihon Keizai Shimbun" website reported on January 5, Volvo Car will issue preferred shares to the Swedish government's pension fund and the country's insurance giant Folksam. Preferred stocks can also be converted into common stock in the future. Volvo Cars issued corporate bonds twice in 2016. It will further broaden the financing means and reduce the financial dependence on Geely. Volvo Cars said that this is "a step towards the goal of launching activities as a listed company over the years." For Volvo, it is the first time to be listed as a passenger car division, and it is also a long-cherished wish. Volvo Cars was originally the passenger car division of Volvo, the country's largest manufacturing company based in Gothenburg, southwestern Sweden. In 1999, it was acquired by Ford Motor Company of the United States. Volvo's main body retained the commercial vehicle, construction machinery and engine department. Since then, although the Volvo brand has been used, it has taken a different path. In 2010, Geely acquired Volvo Cars. Volvo subsequently accepted Geely's financial assistance and “maintained the main functions of research and development in Sweden, and the independence of the business was maintained†(Volvo CEO Hanken Samuelson said). At the moment, the performance of Volvo Cars is on the verge of recovery, and the new factory in China has also been put into production. In FY2016 (as of December 2016) sales and sales are expected to hit record highs. On the other hand, in the field of automatic driving, the company has cooperated with Swedish auto parts giant Autoliv and carpooling service giant Uber, and has independently proposed a cooperation strategy. The initial public offering of obligations to shareholders outside Geely will be the final step in management's previous promotion of self-reliance. 1. Compact structure: The pump body and impeller are designed in one piece, which makes the pump more compact, occupies a small area and is easy to install and maintain. Vacuum Fire Pump,Heavy Fire Fitting Pump Vacuum Pump,Self Primming Fire Fitting Water Pump Vacuum Type,Heavy Duty Fire Fitting Pump Vacuum Type Pump Bin-Bridge General Machinery Co.,Ltd , https://www.castingpump.com
2. Corrosion resistance: The pump body and impeller are made of high-strength cast iron with special treatment on the surface, which has excellent corrosion resistance.
3. High efficiency and energy saving: The impeller is made of high quality wear-resistant material, which has the feature of high efficiency and energy saving and can greatly reduce energy consumption.
4. Safe and reliable: There are multiple protection measures during the operation of the pump, such as overload protection, overheating protection, etc., which ensure the safe and reliable operation of the pump.
5. Wide application: cast iron pumps are suitable for various industrial fields, such as petroleum, chemical, pharmaceutical, food, textile, etc., and can convey various liquid media.