Chapter 139 The accident of the giant cotton company
When Luo Yin was busy with the election, Pulan had a headache.
The Kingdom Reform brought many opportunities to their Giant Cotton Company, but this opportunity was equal, and he had it, and others had it.
Just like now-
"Are you sure Fancai Textile Company is going to settle in Qiongbi City?"
Puran asked.
"Yes, I'm sure."
Hanson's face was serious.
"Then I'm in trouble now..."
Puran's face turned bitter.
Fantasy Textile Company is the largest textile company in the United Kingdom of Stokato, and is undoubtedly an absolute leading enterprise.
They announced their entry into Qiongbi City, which is definitely a huge blow to Jumei Cotton Company.
Because of the advantages of Jumei Cotton Company, it is useless in front of others!
Whether it is cost or quality, Huancai Textile Company is not inferior to Ju Cotton Company.
Of course, you don’t have to be too afraid of relying on these giant cotton companies alone, after all, strong dragons can’t beat local snakes.
But Fantasy Color Company has an advantage that no other domestic textile companies do, that is, they have a lot of cotton cloth in their hands!
While other textile companies fought to compete for the share of imported cotton every year, Fancai Textile Company's cotton cloth was already being produced and sold!
The reason for this is that the distribution rights of these imported cotton shares are controlled by Fancai Textile Company!
Fantasy Textile Company has a Fantasy Trade, which controls more than 90% of imported cotton in the United Kingdom of Stokato.
Although the total amount of cotton imported each year is not large, they leave a large proportion for themselves.
Perhaps in other countries and regions, Fantasy Textile Company's cotton fabrics do not have any advantages, but in the United Kingdom of Stokato, they are completely a dimensionality reduction strike.
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It can be said that the entire domestic cotton cloth market has been monopolized by Fantasy Color Company.
However, this monopoly does not mean that they have opened branches across the country, but that if you want to buy cotton, going to Wangdu to find them to buy is the first choice.
After all, the previous local protection policies were not a joke.
Although this can be considered a monopoly, many people think it is troublesome and are unwilling to go to the capital or spend money to buy it on behalf of others. They simply don’t use cotton cloth or other cotton cloth produced by other companies.
So they have a monopoly, but not a complete monopoly.
But now it is different. The country is reforming and cities open up trade ports, so we cannot deliberately make things difficult for enterprises in other cities.
Fantasy Color Company can build factories in other cities. When their factories are built, everyone can buy cotton cloth in their own cities. Those who find it troublesome will definitely buy them.
This is the real monopoly!
For other textile companies, this fantasy textile company seems to be without any threat. After all, they mainly sell cotton cloth and you mainly sell linen cloth, which is not a conflict.
But in fact, when Fantasy Color Company gains a foothold in your city, will they just sell cotton cloth? No linen involved? How is this possible!
They are doing business, not doing charity!
No one is a fool, everyone understands this truth.
Pulan naturally understood that as long as Huancai Textile Branch gained a foothold in Qiongbicheng, it would be the end of their Giant Cotton Company!
The current situation is somewhat similar to the situation of the tulip gum company at that time.
Cotton cloth corresponds to gem sugar, and linen cloth corresponds to ordinary cane sugar. Both are not on the same channel at all!
Jumian Company has no way to stop Huancai Company's attack, just like the incandescent sugar industry could not stop the rise of gem sugar.
But what is different from the tulip gum industry is that the tulip gum industry was very weak at that time, and it defeated the incandescent sugar industry step by step, or it was made by Hodgson himself.
Moreover, at that time, the tulip gum industry could not produce sugar, and it was always at a disadvantage in the struggle with the incandescent sugar industry.
But now it’s different, because Fantasy Textile Company is very strong! They can produce both cotton and linen, and no one can get stuck in their supply channels!
As long as they enter Qiongbi City, they will definitely not be able to do it slowly like the tulip gum industry at that time. They will definitely cut the mess quickly and will not even give Jumian Company a chance to react!
"Call everyone and hold a board meeting!"
This is not something that Puran can solve alone, he has the obligation to tell everyone the news.
At the board of directors, when the shareholders received the news, everyone was a little confused.
No, isn’t this giant cotton company just beginning to rise? Why is it suddenly going bankrupt?
Everyone was a little disbelief.
But when these major shareholders analyze the more they look ugly, everyone knows that this is true.
Let’s take the example of the tulip gum industry and the incandescent sugar industry.
With such a great advantage at that time, wasn’t the incandescent sugar industry beaten away by the tulip gum industry?
So, although Jumei Company is now a giant in Qiongbi City, its ultimate fate may be similar to that of the incandescent sugar industry.
Of course, the Giant Cotton Company is still quite valuable and has great strength. It is probably able to withstand it for a while, but that's all.
The meeting was a little silent, but in the end the meeting was over without discussing anything.
Plain originally wanted to ask Luo Yin, but Luo Yin is busy running for parliament, so he didn't disturb him.
the next day.
Puran felt that he had overestimated Fantasy Textile Company, but he found that he still underestimated it.
On this day, the news that Huancai Textile Company was about to settle in suddenly spread throughout Qiongbi City.
Before, except for some industry insiders, many people didn’t know about Fantasy Textile Company, but on this day, various popular science about Fantasy Color Company followed one after another.
Just inquire about it, you will know that this is a powerful textile company from the royal capital!
The people who were eating melons were divided into two factions. One group believed that Jumei Cotton Company was not afraid, and the other group believed that Jumei Cotton Company would be defeated by Fantasy Color Company.
Soon, under the analysis of various data in this other school, many people were shaken. Fantasy Color Company has its own core cotton cloth. If you don’t have a giant cotton textile company, you will definitely not be able to compete!
For a time, many people were dissatisfied with Ju Cotton Company. Those rating agencies also expressed concern about the future of Ju Cotton Textile Company, and they began to lower the valuation of Ju Cotton Company.
No need to think that this public opinion war must be the work of Fantasy Color Company.
Although Puran was a little surprised, he was already prepared after all, so he was not too shocked.
But what happened next was what shocked him the most.
The 13 small shareholders of Jumian Company suddenly announced that they had sold their shares and withdrew from Jumian Company from then on.
Although this is surprising, it is understandable.
But Pulan was shocked behind - the same person who bought the shares in these small shareholders! And this person actually belonged to Fantasy Textile Company!
What's going on?
Did Fantasy Co., Ltd. buy shares of Jumian Company?
Going to be a family?
To be honest, if Jumian Company is really invested by Fantasy Color Company, it might be a good thing.
Chapter completed!