| Bede Drucker said:"as a key indicator measure total factor productivity, EVAreflects all aspects of management value."EVA is net operating profit after tax (NOPAT) deducting the cost of capital(WACC). After years of development, EVA are widely used in many famousmultinational companies. Through deep investigation, sasac found EVA mathedsuitable for our country company operating condition.Restructuring activities promote the company development, the companyachieve development goals, The production practice promote technology innovationand transformation.Develepment of steel industry is an important symbol that measure a nationalindustrialization level.China’s steel output reached100million tons in1996, Fromthen,china’s steel production is the first place in the world. China produced716.54million tons of crude steel in2012. Overcapacity and rising costs restrict thedevelopment of iron and steel industry in china.Benxi iron&steel group international economic and trade co., LTD enjoys ahigh reputation in the field of iron and steel trade. This study attempts to apply EVAmethod to analysis restructuring of Benxi iron&steel group international economictrading co.,ltd. |
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