Chapter 1004 Another Big Move
Cooperation may not have much impact on Heiyun Group, after all, there is only one boss. As long as the company makes money, Bao Zixuan won't have much of a problem. However, the Sumitomo Foundation owns many listed companies, so of course such good news must be reported to the public. I believe it will definitely drive the stock market to rise, and Sumitomo Ichiro's personal worth will also increase accordingly.
Heiyun Group purchases approximately US$1.5 billion in metal raw materials from Sumitomo Metal every year, and US$500 million in chemical raw materials from Sumitomo Chemical for production. In addition, Sumitomo Chemical and Sumitomo Metal will cooperate with Heiyun Group to establish relevant laboratories at Yulin Institute of Technology. The amount of investment has not yet been finalized, but it is definitely indispensable.
Every year, 200 Sumitomo students come to Yulin Institute of Technology to study, and all expenses are borne by the Sumitomo Foundation. Engineers from Sumitomo Metal and Sumitomo Chemical, as well as relevant experts, will come to the school to teach.
Although he highly recognized the education method of Yulin Institute of Technology, he also recognized Bao Zixuan’s investment in education. But the Sumitomo family still had some doubts about this newly established university. Moreover, the Sumitomo Foundation has cooperated with many universities, and Yulin Institute of Technology is not the only choice.
On the surface, the Sumitomo consortium took advantage. But only Bao Zixuan knew what this cooperation meant to Heiyun Group. At least in the field of photoresist, you will never be choked by others. Having this is enough. It doesn't matter who buys the raw materials, as long as the quality is up to standard and the price is reasonable, there will be no problem.
Moreover, the Sumitomo Foundation has deliberately lowered its quotation in order to cooperate with Heiyun Group, which can be regarded as a sign of sincerity! Everyone is not stupid, of course they can see what is going on.
Less than ten days after Ichiro Sumitomo came to Xiangjiang, he brought such a large order to the family. Of course he has to celebrate, it will also help him become the leader of the clan. Of course, Bao Zixuan is not idle either. The Blackstone Fund Japan team is already buying a large amount of shares in Sumitomo Steel and Sumitomo Chemical. No one will miss this kind of business that is sure to make money without losing money.
Now that everything has been negotiated, the contract has been signed. A signing ceremony must be held; this is mainly what Ichiro Sumitomo means, but everyone in the country is waiting for news!
Reporters from all over the world suddenly received news that Heiyun Group and Sumitomo Foundation were going to hold a press conference. Both parties had important things to announce.
It doesn’t even need to be said to understand the scale of the two companies. One is a veteran powerhouse with a history of 400 years, and the other is an emerging aristocrat. Although it has only been short-lived, it has already become the world's number one industrial group. If Heiyun Group is now the world's number one company and Bao Zixuan is the world's richest man, no one will probably object.
Although I don’t know exactly how much money Bao Zixuan has, I can just see that Heiyun Group sends massive amounts of goods to the world every day. Moreover, they are all electronic, machine tool, aviation, machinery, automobile and other products with relatively high added value. Calculated this way, annual revenue will definitely exceed the GDP of many countries.
Japanese reporters took this matter more seriously, and the heir to the patriarch of the Sumitomo family came to Xiangjiang. They had already received the news and had seen it with their own eyes at Dong Haoyun's funeral. As for meeting Bao Zixuan, he didn't avoid anyone. Even the staff of the Sumitomo Foundation took a special plane to Hong Kong the next day, and everyone knew about it.
Everything shows that Sumitomo Consortium and Heiyun Group must have big projects in progress. The scale and size of the two companies are subject to personal negotiation between the responsible persons. The projects we collaborate on are never small. Many Japanese reporters who came temporarily did not go back. And like a crocodile, it is waiting patiently.
Dong Haoyun's funeral was not just a local event in Xiangjiang. As a very influential shipping king in Southeast Asia and the entire world, and the main procurement of ships is in Japan, of course it will be widely reported in Japan.
After all, it involves many shipyards in Japan and is related to the livelihood of many people. Losing orders from the Dong family will make life even more difficult for many shipyards. After all, international shipping prices are currently low, and almost no company is willing to purchase new ships and put them into operation.
In such an economic environment, the Japanese will certainly pay attention to the situation of various shipowners in Hong Kong.
According to previous practice, after a major incident is over, the reporters who came to support them will return to the country or their previous place of work. But after discovering that the Sumitomo Foundation and the Black Cloud Group were causing trouble, it was certainly impossible to miss such a good opportunity. Sumitomo Ichiro and Bao Zixuan are both very busy people, and neither of them has enough time to talk for such a long time. It's okay, the staff from the Sumitomo Foundation's Japanese headquarters will not come over, which is a waste of time and money. If there is no cooperation between the two companies, no one will believe it.
After receiving the news that the two companies were going to hold a joint press conference, Japanese reporters knew that the wait would be worth it. When they reported to the country, they took great risks. No matter which company, it will control costs. Expats in Hong Kong require subsidies, so if you have a job, it's no problem. But in the past, we were doing things, not traveling. If we didn’t report some valuable news, it would definitely be hard to explain when we go back.
The press conference was held at the Heiyun Press Conference Hall in Tin Shui Wai. The facilities here were complete and it was specially built for press conferences. It was very professional.
Many reporters from various countries in Hong Kong came to Tianshuiwei Heiyun Group, which shows the influence of the two companies. Japanese reporters were the most active in this regard, and even valued this press conference more than local reporters in Hong Kong.
The Sumitomo Foundation is too influential in Japan, and the project it cooperates with Heiyun will definitely bring a huge boost to the country. It is closely related to the lives of the people of the country. No one wants to see the country become strong; domestic enterprises develop and grow and earn high profits.
At nine o'clock in the morning, the press conference started on time. Bao Zixuan was not planning to attend, but seeing the importance Sumitomo Ichiro attached to him, it was hard to refute his reputation. And just attending a press conference will not lose a pound of meat.
Bao Shaofu doesn't need to show off to anyone. As long as he is comfortable, happy, can make money, and the company's strength can be improved, all these are enough. As for the rest, you really don’t need to worry too much. But Sumitomo Ichiro is different. The competition within the family is very fierce. Although he is the heir to the patriarch, he still has to rely on strength and ability to speak at critical moments. This time I came to Xiangjiang and negotiated with Heiyun Group. It was a fruitful experience. Of course, I want the world to know about his contribution. At the same time, it also makes the elders of the family understand that he is the most suitable candidate.
Although Xiangjiang is already an international metropolis, it was short notice after all. Many media did not come. Of course, most of the local media from Japan and Hong Kong came. These are enough, and Ichiro Sumitomo pays more attention to Japanese media. As for the rest, it doesn't matter.
First, Takeshi Sumitomo announced to the media that Heiyun Group and Sumitomo Foundation will reach a strategic cooperation. In the next ten years, various subsidiaries of Heiyun Group will purchase no less than US$2 billion in raw materials, machinery and other products from Sumitomo Metal and Sumitomo Chemical every year. The total contract execution amount shall not be less than US$20 billion, and the specific amount shall be determined according to market conditions.
Once the $20 billion contract was announced, it immediately caused an uproar. Although it will take ten years, 2 billion US dollars per year is really scary. Many countries do not necessarily have 2 billion US dollars in foreign exchange reserves, and this is just the raw materials that Heiyun Group purchases from one company every year; if it is made into a finished product, it is unimaginable how many US dollars it can sell for.
You must know that Heiyun Group has many suppliers all over the world. Even the Soviet Union has fixed purchasing outlets. At present, it is really difficult to estimate the specific value of Bao Zixuan.
At this time, the Japanese reporter was eager to spread the news back to China immediately, and also wanted to inform his family quickly. Buy the stocks of Sumitomo Metal and Sumitomo Chemical immediately without any worries; you can buy as much as you have at home, and you will not suffer any losses even if you borrow money.
But I can only think about it. Many Japanese reporters hate themselves; why do they have to be in the first row? It is impossible to get out now. Leaving at this time would not give the Sumitomo Foundation face. Heiyun doesn't need to worry too much; but everyone will be wary of the Sumitomo Foundation's strength in Japan.
At this time, Ichiro Sumitomo left rashly without speaking. You clearly want to embarrass the other party, so I'm afraid you won't be able to hang out in Japan anymore; without anyone taking action, the company will throw you out as a scapegoat.
Unlike the Japanese reporters, the Xiangjiang reporters felt nothing. After all, this is just an ordinary purchase and has no substantial benefit to them. However, all reporters understand that it is impossible to just purchase raw materials; the two companies will definitely have surprises to bring to everyone.