Chapter 108 [Wait and see](2/2)
"Yes! Moreover, in just over a month, it is impossible for their products to open up much of the Southeast Asian market, so the impact is not very big. As for purchasing machines, I think there is a high chance of success. If not, it will cost 15,000 US dollars."
You can throw it to him, but he still has to be fooled!"
The machine was originally planned to be placed in a warehouse, and Li Gaofu could sell it to the mainland in the future.
Lin Zhichao laughed. He also thought that Wang Tongyuan must have been fooled. After all, it costs 35,000 to 40,000 US dollars to import one from the United States, which is very expensive. But now you can get the machine for less than half the price, so why not!
Six zipper machines, only about two years ago!
"It doesn't matter! Even if all these don't completely destroy his zipper business and make him bankrupt, I still have plans for him in the future!"
Wang Liang responded with a smile: "The boss really thinks highly of him!"
Just by rashly entering the zipper field, Wang Tongyuan made a miscalculation. Why no other manufacturers in Hong Kong have followed suit? The simplest reason is that the market (Hong Kong) is not big, and Cheung Kong Industries has grown bigger. In fact, there is no room for other factories to survive.
.
And this Wang Tongyuan is indeed very powerful. In 1948, he invested more than 3 million Hong Kong dollars to establish a Hong Kong textile factory. It is the largest and most advanced textile factory in Hong Kong's textile industry. It is 50% more expensive than the second place Nanyang Textile Factory, and the third place.
It is Tang Bingyuan’s Nanhai Textile Factory.
And why is Lin Zhichao so sure that even if Wang Tongyuan's zipper factory is not destroyed this year, it can be destroyed next year, and it will definitely be destroyed.
Stay tuned!
Hong Kong Textile Factory.
Wang Tongyuan looked at the machines imported from the United States, which were spitting out zippers continuously. He immediately felt that this business was very good, and the profits were much higher than those in the textile industry.
The profits are so high, why don’t those people follow suit?
The profits in the textile industry are so low, but everyone is swarming in.
Worrying about competing with Yangtze River Industries, only people without strength would think so, Wang Tongyuan thought.
In 1940, Wang Tongyuan had already served as the chairman of the family textile factory. At that time, the scale of the factory had reached 2,000 employees.
In 1946, in view of the domestic political turmoil, Wang Tongyuan planned to ship a batch of new textile machines and power looms ordered by the United Kingdom to Hong Kong. At that time, he inspected Hong Kong for six months and found that although Hong Kong was a free port, the conditions
Ideal, but the local sales market in Hong Kong is narrow, lacks enough water and skilled workers (the current water shortage is also a problem, but many manufacturers will pump water from the mountains), and the weather is hot and humid, making it difficult to spin cotton, and the results were disappointing.
In February 1947, the National Government informed Wang Tongyuan that there was insufficient foreign exchange and was not allowed to import machines. Wang Tongyuan had no choice but to send the machines to Hong Kong again and put them in a warehouse.
In 1948, the domestic situation worsened again. Wang Tongyuan sent 80 skilled workers and technicians from Shanghai to Hong Kong to set up a Hong Kong textile company. He himself traveled back and forth between the two places. It was not until 1949 that Wang Tongyuan brought his family and his brother's children to Hong Kong.
Settled in Hong Kong.
Hong Kong textile factories invested huge amounts of money and brought a large number of technicians and workers from the Shanghai stock market, which naturally opened up the situation very quickly.
When Wang Tongyuan saw that Yangtze River Industry had reached such a scale but had no rivals, he was immediately jealous. Through investigations by his staff, he found that Yangtze River Industry's profit margins were very high, which completely gave its opponents room for development.
How does this work?
How can one person make money, so he quickly decided to purchase three American automatic zipper rice arranging machines.
"Why is the production of this slider different? Why is Cheung Kong's slider technology so good?" Wang Tongyuan asked Wu Mingcheng, the manager of the Hong Kong zipper factory.
Wu Mingcheng made a comparison and said: "Some of them look like they are produced by automatic stamping machines, but this manufacturer doesn't value them very much. What's more, our prices are a dime cheaper, and everyone is dissatisfied with Yangtze River Industrial's long-term high-price sales. I believe it will soon be over."
Can capture half of the market in Hong Kong."
Wang Tongyuan frowned and said: "No! You should still find a way to find out about this automatic slider stamping machine. There are imports there. We cannot lag behind in technology. After all, we still have to open up the Southeast Asian market."
Since he has to do something, he must do his best. This is his determination to enter this industry. Although the zipper industry is small, it is only the current situation. With the development of the economy, people's clothing will become more and more modern (Western style).
Then the zipper market will increase exponentially.
Today, Hong Kong's zipper market conservatively has 400,000 zippers. This small market alone has a profit of more than 100,000 yuan. Why doesn't he do it? Moreover, he sent people to Southeast Asia to investigate and found that the agent adopted by Cheung Kong Industries
In the cooperative mode, the zippers obtained by Yangtze River cost 0.9 to 1 Hong Kong dollar.
It would be strange for him not to fight for such a good market.
"Okay, we will find a machine channel as soon as possible."
Wang Tongyuan nodded happily. The market in Southeast Asia is dozens of times that of Hong Kong. If he gets a piece of the pie, it can be regarded as an extra business.
“Happiness alone is not as good as happiness among everyone”
Wang Tongyuan thought this way.
In the evening, the Lin family and the Tang family had dinner together at home.
During the dinner, Tang Zhongyuan also informed Lin Zhichao: "Wang Tongyuan's Hong Kong textile factory also invested in a Hong Kong zipper factory and imported three American machines."
He understands the strength of Yangtze River Industrial, so he is not very worried, just a reminder.
Lin Zhichao said with a smile: "It doesn't matter, anyone can invest in this industry! Moreover, we have recently been expanding the European and American markets, and we cannot worry about the Hong Kong market for the time being. Let him be proud for a while."
Tang Zhongyuan nodded and said: "Although it is said that anyone can do this business, in fact not everyone can do it. In short, Wang Tongyuan will be in trouble this time."
Lin Zhichao didn't want to act aggressive and cunning in front of his family, so he didn't say much. On the contrary, he showed a kind of magnanimity, but also very confident.
"By the way, father-in-law. It's time for the Yangtze River Garment Factory to replace it with the most advanced electric sewing machines. You should be responsible for this. In short, it needs a more advanced electric sewing machine, preferably the American Singer brand, and it must have a full range of machines.
Want more."
Tang Zhongyuan was stunned and immediately said: "The investment is so huge, but Hong Kong's garment industry has not developed. There are so many people doing it in the Hong Kong and Southeast Asian markets. Can we consider importing equipment slowly, so that we can save some money?"
?”
Although he was refuting Lin Zhichao, he was also seeking Lin Zhi's opinion.
Lin Zhichao said resolutely: "It can be divided into two batches to import machines, but it is best to complete it within half a year. Therefore, we have to invest 500,000 Hong Kong dollars in purchasing equipment. As for the market, don't worry, I will acquire a clothing brand
, we will continue to work hard to strengthen the market in Hong Kong and Southeast Asia, as well as introduce products into Africa (South Africa)."
The ready-made garment industry can only make a difference in these markets at present. It will take until the mid-1950s to enter the European and American markets. At that time, Europe and the United States also imposed trade barriers on the RB ready-made garment market, which led to the rise of Hong Kong's ready-made garment industry.
Of course, during the years of the Peninsular War, Hong Kong was unable to import new electric sewing machines, so it was insufficient in the Southeast Asian market and lost to the RB garment industry.
Although Tang Zhongyuan doubted why even sewing machines (electric bicycle clothing) were banned from import, he did choose to trust Lin Zhichao's vision; he invested 500,000 yuan to purchase the machine, and he invested 150,000 yuan in proportion to the amount.
It’s affordable! I made 100,000 Hong Kong dollars this time by speculating on US dollars.
During this period, Song Qiaoling interjected: "But now everyone in Hong Kong is in danger, saying that they will take over Hong Kong as well."
Lin Zhichao said with a smile: "Don't worry, mother-in-law. What she bought is a machine, and I have a ship. If I really want it, I will even transport the factory equipment away. We will go to Singapore again. In a few years, we will go back to Singapore."
Go to Europe and the United States. Of course, I don’t think it will be closed. After all, Hong Kong is like a bridge connecting the West. If it is closed, we will have to be tied to the bears in the north. This is a very bad situation.”
When Tang Zhongyuan heard this, he immediately felt that it made sense and said, "I don't think so either!"
"Father-in-law, don't go out and talk nonsense! Everyone feels that Hong Kong Island is a threat, and the land in Tsuen Wan has not become cheap yet. You can expand the area around the factory a little more. It will be used in the future and the value will appreciate quickly. If you are short of money, the Yangtze River
Industrial can lend you some."
Tang Zhongyuan's eyes lit up. His Oriental Textile also had a monthly profit of 60,000 Hong Kong dollars, and now the debt was only 600,000 Hong Kong dollars, which was not yet due. And he had 400,000 Hong Kong dollars in hand, which was not much short of it.
"It's not necessarily much different. I'll try to buy another 100,000 square feet later. It's a little bit worse."
"Well, take your time. This time the land price in Tsuen Wan has dropped to less than HK$4, which is normal."
Of course, the premise is that someone is willing to sell it.
After the dinner party, Tang Zhongyuan and Song Qiaoling returned to their home, and the couple returned to their bedroom.
"Is Zhichao very good to our family?" Song Qiaoling said.
Tang Zhongyuan said with a smile: "It's normal, he is our daughter's husband; what's more, he is good to the people around him. His cousin, just because he came to Hong Kong and lived there, he supported others to become bosses.
It can be seen that he is a person who values love and justice."
Song Qiaoling pinched Tang Zhongyuan and said, "I mean, he and Caiying are too close. I don't believe he has no ideas."
Tang Zhongyuan thought for a while and said, "Caiying is still young!"
Song Qiaoling was stunned. When her husband said this, didn't he mean that he could grow up?
"Go to bed. What's the use of worrying about some things too early? Children can choose for themselves."
Song Qiaoling was immediately unconvinced and said, "The children agree, but I don't want to agree either. Wouldn't this bring shame on your Tang family?"
Tang Zhongyuan said: "As long as his career is big enough and my two daughters are not wronged, what can we do if we interfere? Caiying's appearance, at least, she does not hate Zhichao; and Caiyun's appearance,
And we are very attached to Zhichao. We don’t encourage or interfere too much. To say the least, we still have two sons.”
Men value career. Tang Zhongyuan is eager to make a career in Hong Kong, and Lin Zhichao is his noble man.
Therefore, at least if his two daughters do not object, he will not interfere.
Chapter completed!