The Industrial Giant Reborn

Chen Zhiwen nodded and said, "I think so too. This is the business card of a business manager of Huo Duoli under the HSBC Group. Take it and contact him. This matter will be left to you now."

After finishing speaking, Chen Zhiwen handed over a business card. Although the foundry in Hong Kong looks not small, it is actually not worth much. These trivial matters cannot always be asked to ask Shen Bi to take care of them. It is a bit of an anti-aircraft gun to fight mosquitoes. up.

"Then, what is Chen Sheng's request?" Lei Shengli took the business card, unexpectedly he accepted such an important task just after meeting the boss.

Chen Zhiwen said: "With a certain scale, it is enough to be able to produce home appliances such as refrigerators and air conditioners, as long as there are mature procurement channels."

"Chen Sheng, this request is not difficult, but the sales channels are generally in the hands of OEM customers. It is difficult for us to open up channels for these products?"

Chen Zhiwen said with a smile: "After the acquisition, we will do the OEM business normally after the acquisition. I will take care of the rest."

The most difficult thing for mature products is to obtain the market. For example, in China in 2022, any workshop can make electric fans, but how to compete with the mature giants in the market?

This is the most difficult thing. Even if BYD Tesla Volkswagen enters the fan market, you can't compete with the existing fan giants.

"Okay, I understand." Lei Shengli thought for a while, and then said, "Chen Sheng, please call me Lao Lei."

"Okay, Lao Lei." Chen Zhiwen said with a smile: "I have three industrial office buildings in Yuen Long. The space there is much larger than your current factory, and the environment is much better. I have prepared the air conditioners. You make a plan for relocation. According to the time plan, try to move there as soon as possible, the employees of Universal, have you bought a house near your current factory?"

"Yes, but it's very little. With the salary of the factory, you can't afford a house if you work for a lifetime." Lei Shengli said with some bitterness.

"Then they live in the dormitory?" Chen Zhiwen asked.

"Yes, it's also near the factory. It's a converted industrial office building, and other factories live together like this," Lei Shengli said.

"Moving to a new place, I have prepared a place to live, not to mention how good it is, let's share a dormitory for 6 people, with bathrooms and everything." Chen Zhiwen shook his head and said.

Hong Kong’s economic development is too fast, especially in real estate, so too many people can’t catch up, and the living conditions are very poor. You know, the Geneva Convention requires no more than 8 people in a dormitory for captives, but many people in Hong Kong No place can do this.

Although I may not be able to change this general trend, the first step is to treat the people who work for me better. The real estate that my father wants to come over is a normal residence, so naturally I can’t live in a dormitory. This is for those who have the ability people live, while the employees live in a dormitory building.

"Thank you, Chen Sheng." Lei Shengli said hastily. He also felt that the staff's living conditions were too poor, but he couldn't do anything.

"You go ahead and settle the matter as soon as possible. Only when the factory is running normally will everyone have a better life, right?" Chen Zhiwen said with a smile.

Lei Shengli nodded and said, "Then Mr. Chen, I'll go first. I'll report to you after I sort out the information."

Time flies, and in the blink of an eye, the Spring Festival is spent in the sky filled with fireworks.

Lei Shengli has also locked in two OEM factories for the RB brand, one for color TVs and the other for refrigerators and window air conditioners.

After reading the materials, Chen Zhiwen sighed and said, "It's really just an assembly plant, everything is bought overseas."

Lei Shengli said: "It can't be their fault. There is no supporting industry here in Hong Kong. If they invest by themselves, they will need too much capital."

"Yes." Chen Zhiwen nodded. It is normal for TV picture tubes and compressors for refrigerators and air conditioners to be imported from overseas. Hong Kong does not have the capacity to produce them. However, what is unexpected is that, except for some basic plastic casings, the sheet metal fixing brackets are produced locally in Hong Kong. Others including copper pipes, filters, wiring harnesses, etc. are all imported.

Lei Shengli continued: "Chen Sheng, the information I checked shows that their normal orders have been cut a lot. Will there be a certain risk in our acquisition?"

"Is there an oil crisis? It's normal. How much do they offer?" Chen Zhiwen nodded and said, the modern economy is a confidence economy, and the high price of oil has made countless companies lose confidence. Inventory, increase working capital.

But in the downstream of the supply chain or the foundry, it will be hit like never before.

However, Chen Zhiwen also knows that in March, OPEC will resume the normal supply of oil. Although it is impossible for oil prices to return to the past, at least the "worse trend" will not appear again, which will also cause the European and American economies to fall. It's not that bad anymore.

"A family of 500,000, a family of 800,000." Lei Shengli said.

"Then let Huodoli talk again, and the price can be reduced by 10%." Chen Zhiwen thought for a while and said. Although these two companies have little technical content, years of assembly experience are also very valuable, and with a complete supply chain, they are still worth a little money.

Moreover, it is impossible to acquire better ones in Hong Kong. The current black and white home appliance industry is not considered a sunset industry in developed countries. The foundry of the RB brand is still because Hong Kong is a part of the Commonwealth, and exports to the Commonwealth are a bit more cost-effective than RB.

It’s just that RB’s big brands have gone to the Commonwealth countries to directly build factories. There are only some small brands that are not very capable of investing overseas, so they choose to let Hong Kong manufacturers OEM, and then export to the Commonwealth countries. And this output is not much, only more than 10,000 air conditioners a year, a little more refrigerators, and the rise of South Korea's manufacturing industry. According to history, it is estimated that before the 1980s, Hong Kong could only manufacture electrical appliances. The electric fan is gone.

Lei Shengli nodded and said, "That's fine, I'll negotiate with Huodoli again."

"How about the relocation?" Chen Zhiwen asked again.

Lei Shengli said: "90% of the employees in Universal Electronics are willing to relocate. I have contacted the relocation company and plan to move all of them by the end of February. Now I am working hard and preparing more inventory."

"Okay." Chen Zhiwen nodded. The framework of several major electrical appliances business was almost completed. The next step is to invest in the development of technology and find channels for these products.

And as early as last year, a large number of sales recruited by Galaxy Holdings had already gone overseas, and they were developing relationships with several overseas supermarket buyers with great potential. These are Wal-Mart in the United States, Carrefour in Europe, Metro, etc. Everyone in the future knows The supermarket giants in China can only be said to be in their childhood at present. Relatively speaking, it is much easier to build relationships. As long as the relationship with these companies is handled well, then the sales of their products can only be regarded as a big guarantee.