Customized Pittsburgh Pirates Jersey ZMJ eyes expansion beyond coal sector with German asset

Zhengzhou Coal Mining Machinery (ZMJ) has teamed up with private equity firm
Customized Pittsburgh Pirates Jersey China Renaissance Capital Investment to buy part of German auto parts giant Robert Bosch’s business, in a 545 million euro (4.11 billion yuan) deal.Men’s Authentic Customized Pittsburgh Pirates Alternate Black Jersey Sale.

The acquisition of Bosch’s starters and generator unit, SG Holding, will enable ZMJ to tap into its technology and research capability, customer base and
Click Here established global sales network, the coal mining and excavating equipment maker said in a statement to the Hong Kong stock exchange on Tuesday evening.

Such a major move comes as China vows to further slash coal production
Custom Pirates Jersey capacity by at least 150 million tons this year to tackle
Women’s Authentic Personalized Pittsburgh Pirates Home White Stitched Jersey environmental problems. The country cut 290 million tons in 2016.

“The fourth quarter of 2016 saw short-term warming of the coal industry. However, the condition of excessive supply of the coal market did not change fundamentally,” chairman of ZMJ Jiao Chengyao said in the company’s annual report.

ZMJ will take at least an 86 percent stake in SG Holding under the agreement. The
Youth Authentic Custom Pittsburgh Pirates Home White Baseball Jersey Cheap company expects to fund no more than 440 million euros through internal resources while the remainder would be funded through external bank financing.

The valuation is in line with comparable companies but lower than the overall level of precedent transactions, the statement noted. The starter motors and generators division reported a net asset value of 323 million euros and a net after-tax profit of 2 million euros in 2016.

The deal is also expected to boost SG’s presence in China, the world’s largest auto market.

Robert Bosch is a multinational engineering and electronics company, with core
Personalized Pittsburgh Pirates Jersey products including automotive
Men’s Authentic Custom Pittsburgh Pirates Home White Baseball Jersey Cheap
components, industrial products and building products.

Established over half a century ago, ZMJ is a leading company, with exports to Australia and the US. The company reported a net profit of 62 million yuan in 2016, increasing 46.9 percent year-on-year.

Personalized Philadelphia Phillies Jersey Phils fall short vs. Dodgers as streak ends

Dodgers right-hander Kenta Maeda got back on track Friday night at Dodger Stadium.

But he had plenty of help in a 5-3 victory over the Phillies, who had their six-game winning streak snapped. Maeda allowed two runs in seven innings, and
Personalized Philadelphia Phillies Jersey Dodgers third basemanJustin Turner went 3-for-4 with two RBIs. He hit a two-out double to left field in the sixth inning against Phillies right-hander Luis Garcia, scoring two runs to hand the Dodgers a
Men’s Authentic Custom Philadelphia Phillies Alternate Home White Jersey Cheap three-run lead.

“Yeah, he hasn’t homered yet but he’s got that doubles swing,” Dodgers manager Dave Roberts said of Turner. “He’s a productive player. He does a lot of things to
Customized Philadelphia Phillies Jersey win a baseball game.”Men’s Philadelphia Phillies Authentic Personalized Red BP Jersey for Sale.

The Phillies took a 2-0 lead in the fourth inning when Phillies shortstop Freddy Galvis hit a two-out double into the right-field corner, but Maeda retired 10 of the final 12 batters he faced.Yasmani Grandal’s sacrifice fly in the fifth handed the
Youth Philadelphia Phillies Authentic Personalized Home White Baseball Jersey
Click Here Dodgers a 3-2 lead, which they extended from there.

“A two-run lead is really nothing when you think about it,” Phillies manager Pete Mackanin said. “It’s nice to get a lead but you don’t want to hang on for nine innings with a two-run lead. You need to add on and we couldn’t. Maeda pitched
Custom Phillies Jersey well. He mixed it up. We just couldn’t zero in on him and get a big inning going.”Men’s Philadelphia Phillies Authentic Personalized Home White Baseball Jersey.