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In the conference room
The relaxed atmosphere of the high-level meeting between the two parties did not discuss any substantive issues. It was more about creating an opportunity for the high-level meeting of the company to get acquainted with each other.
Formal talks will begin the next day.
After the meeting
Wang Yaocheng returned to the hotel room and carefully sorted out the areas of cooperation to be discussed.
Overall
There are not many difficulties in the second round of cooperation. The cooperation between Carrefour Supermarket Group and 7-11 supermarket chain group is mainly to learn from each other in Southeast Asia and make some beneficial attempts.
In their respective base camps, the lead is almost unshakable.
In the shipbuilding industry
Royal Family Fund acquired Yangzijiang Shipyard in Jiangsu Province, and plans to establish a joint venture with Mitsui Shipbuilding to fully introduce advanced Japanese shipbuilding technology and experience, and build a shipbuilding base with international advanced level.
? As traditional shipbuilding powerhouses, Japan and South Korea have strong competitiveness in the offshore industry.
Thanks to its price advantage and high quality, the Korean peninsula ranks first in the world in terms of order volume, delivery volume and order volume in hand in the shipbuilding field, while Japan ranks second. Facing the aggressive price competition advantage of the Korean side, it continues to erode market share.
After learning from the pain, the Japanese side set their sights on the rising Chinese mainland.
?Cooperating with the Wang Consortium, which is deeply rooted in the Chinese mainland, is a strategic move by Mitsui Shipbuilding to break through the operating difficulties, and it may rejuvenate the company.
? As a worldwide consortium
Whether it is the Mitsui consortium or the Wang consortium, the ocean shipping companies under them have a rigid demand for large ships, which are used to transport bulk cargo all over the world.
300,000-ton iron ore carrier, 300,000-ton crude oil carrier, 200,000-ton dry bulk carrier, 16,000 TEU container ship, just this part of the large order is enough for Mitsui Shipbuilding to live a very moist life!
The problem is
No matter how good the relationship between everyone is, the price of the same boat is much higher than that of others.
? Royal Family Fund
? Its subsidiary Swire Shipping Company is an independent listed company. As a ship owner, Mitsui Shipbuilding can be given priority under the same circumstances, otherwise everything is out of the question.
As a traditional labor-intensive enterprise, it is almost an inevitable choice for Mitsui Shipbuilding to set up a joint venture in the mainland to reduce costs.
? Electronic semiconductor industry
The electronic semiconductor industry under the Mitsui consortium was once brilliant in the 1990s, occupying a leading position in the world.
In 1990, in the world semiconductor industry, nec ranked first with a revenue of 4.9 billion U.S. dollars, Toshiba ranked second with a revenue of 4.8 billion U.S. dollars, Sony ranked 11th with a revenue of 1.9 billion U.S. dollars, and Mitsui Steel ranked 13th with a revenue of 1.5 billion U.S. dollars. The total revenue of the enterprise exceeds 13.2 billion US dollars.
It's a pity the flowing water falls and the flowers fall, and the spring is gone, and everything will never be the same again.
to this day
The Mitsui consortium has all withdrawn from the production of drma memory chips, and only Toshiba has a part of the flash memory business. This is Toshiba's traditional strength, and it is now declining.
The Mitsui Consortium intends to sell this part of Toshiba's flash memory business to Atlantic Jinko Group to participate in Atlantic Jinko and share the steady stream of monopoly profits.
Specific details require in-depth negotiations.
For the Wang Fund, the flash memory patent pool held by Toshiba Corporation is of incomparable value. If it is combined with the patent pool held by the consortium, it will form a high patent wall to prevent subsequent competitors from entering this field. .
The benefits are self-evident.
What Wang Yaocheng is now considering is the proposal from the Mitsui consortium, how to participate in large resource investments.
Previously, the investment plan of the steel production enterprise proposed by the Mitsui consortium was not surprisingly rejected, and the Royal Family Fund had no intention of investing in the steel industry known as the sunset industry.
Even Nippon Steel, the world's leading steel company, is not attractive to the Royal Fund.
Wang Yaocheng is considering iron ore enterprises. The Mitsui consortium has been in this field for decades and has a profound foundation.
It is the main shareholder of the world's three major mining companies BHP Billiton, Vale and Rio Tinto, and holds a large number of shares in the world's top 20 mining companies. It is the invisible king of this bulk resource field.
The Royal Family Fund has no foundation in this field at all. According to the steady and steady strategy, taking advantage of the friendly relationship with the Mitsui Consortium, it is the best choice to hold a small number of equity interests in mining giants.
In the full sense of financial investment, just be a little brother who eats dividends.
As a glorious reborn person, Wang YaochengI can't afford that person, and I don't want to make this kind of money.
Now China is the largest importer of iron ore in the world, and the ore pricing power is completely in the hands of the world's three major mining companies.
This is just the beginning. As the domestic economy takes off, the demand for steel has increased significantly. Domestic production has exceeded 1.1 billion tons, accounting for more than half of the world's production.
As a result, with round after round of steel price increases by mining giants, hundreds of domestic steel companies are struggling, and most of their profits are plundered by mining giants, reaching tens of billions of dollars each year. dollars.
Facing these, what can Wang Yaocheng do?
Over the next few days
The second round of cooperation negotiations between the Royal Family Fund and the Mitsui Foundation went smoothly, and many cooperation intentions were reached.
The group returned to Hong Kong with a full harvest, and the specific cooperation projects were broken down to each company. It was like a precision instrument running in an orderly manner, digesting the previous achievements.
Hong Kong, Royal Family Center Building.
? Wang Yaocheng told Deputy Director Hao Wei of the Secretariat to say;
"This time in cooperation with the Japanese side, they proposed a large magnetite project during the negotiations. Australian Mineralogy intends to seek strategic investors to jointly develop the magnetite mine located in Preston, Western Australia.
This project has aroused my interest, and I hope to learn more about it.
This time, I hope that you will take the lead to form an investigation team to Australia, specifically to prepare a detailed feasibility report on the initial contact with Mineralogy and other mining companies that are interested in cooperation.
? In terms of team members, the secretariat will mobilize capable personnel and bring together relevant experts from the Hong Kong Guanfengyun Research Institute to conduct detailed demonstrations on the project.
The consortium itself does not have talents with experience in the iron and steel metallurgy industry. This is not a big problem. Domestic partners can provide experienced engineers and senior experts who have been engaged in iron and steel trade for a long time. Nippon Steel will also provide professional guidance. "
Deputy Director Hao Wei replied solemnly; "Chairman, please rest assured, I will hand over the work in hand now, and immediately start preparing for the inspection team to Australia, and I will definitely complete the tasks you assigned with high quality."
"Very well, inform the Hong Kong Guanfengyun Research Institute to ask them to come up with an analysis report on the status quo of the world's steel industry in the near future, and make a professional interpretation of iron ore supply and resource distribution for decision-making purposes."
"clear."
"Don't be in a hurry to come back this time. Let me investigate thoroughly. Go to the mine below for a run, including resource storage, railway traffic and dock conditions. Let me make it clear."
"Chairman, please rest assured, we must make it clear."