Core Insights - Global New Material International Holdings Limited has completed the acquisition of the global Surface Solutions business (Susonity) from Merck KGaA for €665 million, marking the largest cross-border transaction in China's pearlescent materials industry [2][4][14] - This acquisition represents a significant step for Zhejiang-based companies in integrating into the global industrial chain and enhancing their influence within the global value ecosystem [2][5][10] Company Strategy - The acquisition is viewed as a milestone in Global New Material's global strategy, transitioning China's materials industry from "technology followers" to "value co-creators" [6][10] - The company aims to integrate German technology with China's market and Asia-Pacific manufacturing efficiency, establishing a global operational framework [5][10] Industry Impact - The event signifies a shift in Zhejiang entrepreneurs' approach from merely exporting products to engaging in "systemic globalization" driven by capital, technology, and branding [10][15] - The acquisition is part of a broader trend where Chinese companies are evolving from capital providers to leaders in technology integration and strategic upgrading [10][13] Future Outlook - Global New Material International is building a global supply chain network with Europe as the technology hub and Asia-Pacific as the efficiency center, creating a "China-Europe dual engine with Asia-Pacific synergy" [14][15] - The company is committed to fostering an innovation ecosystem that transcends cultural and geographical boundaries [8][10]

Core Insights - The acquisition of Merck's SUSONITY by Global New Material International marks a significant milestone in the globalization of China's materials industry, representing the largest cross-border acquisition in the pearlescent materials sector [2][4][9] - The event symbolizes a strategic shift for Zhejiang entrepreneurs, emphasizing the integration of global resources in technology, branding, channels, and culture, rather than merely capital export or market expansion [5][9] - The establishment of the Asia-Pacific headquarters in Tonglu, Hangzhou, aims to leverage local industrial ecosystems and talent resources to foster global industrial progress [5][9] Company Developments - Global New Material International has officially closed a €665 million acquisition deal for Merck's global Surface Solutions business, SUSONITY, which is a key player in the pearlescent materials industry [4][9] - The acquisition is seen as a step towards the deep integration of the global materials industry value chain, showcasing the capabilities of Zhejiang entrepreneurs in the international market [7][9] Industry Trends - The event will feature a forum on corporate internationalization and cross-border integration practices, highlighting the importance of collaboration among industry leaders, experts, and business representatives [7] - The shift from "going global" to "integrating in" reflects a new paradigm for Zhejiang entrepreneurs, focusing on active integration and coexistence in the global economic landscape [10]