IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-36295-6_1.html
   My bibliography  Save this book chapter

The new competition

In: Counter Strategies in Global Markets

Author

Listed:
  • Olaf Ploetner

Abstract

In November 1992, the Shanghai Port Machinery Company (ZPMC) was established. The initiator was 59-yearold Guan Tongxian, who headed up the company until 2010. ZPMC aimed to establish itself in the market offering large-scale harbor container cranes, a sector that was traditionally dominated by European companies such as Liebherr or Demag, as well as some North American and Japanese suppliers. Nine years after it was founded, ZPMC had reached the position of global market leader in this business; in 2007, its market share was already estimated to be more than 75 percent. Up to this point, the company had earned profits above industry standard that could not be sustained during the crisis of 2009/2010. Like many companies in the industrial goods sector, ZPMC posted losses in 2009 and 2010. As the company has been listed on the stock exchange in Shanghai since its founding, its figures are publicly available. However, the main owner of the corporation is — via several investment companies — the Chinese state. The Chinese government wanted to strengthen its program “Revitalizing the Great China” with the establishment of ZPMC.

Suggested Citation

  • Olaf Ploetner, 2012. "The new competition," Palgrave Macmillan Books, in: Counter Strategies in Global Markets, chapter 0, pages 1-21, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36295-6_1
    DOI: 10.1057/9780230362956_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-36295-6_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.