industrial overlord

Chapter 423 Nihon's Twilight

The bane of Japan's financial crisis was planted as early as the Plaza Accord in 1985.

In the early 20s, the United States fell into a serious financial crisis, with a high deficit and a growing foreign trade deficit. Cheap goods from Germany and Japan greatly impacted the American industry.In this case, the U.S. government has to consider adopting a policy of dollar depreciation in order to enhance the export competitiveness of domestic products and change the imbalance of international payments.

On September 1985, 9, finance ministers and central bank governors from the United States, Japan, West Germany, France, and the United Kingdom gathered at the Plaza Hotel in New York and signed a joint agreement between the governments of the five countries to intervene in the foreign exchange market and induce the dollar to trade against major currencies. An agreement on orderly devaluation, this is what people often call the Plaza Accord later.

The Plaza Accord had the most significant impact on the Japanese economy.Before the Plaza Accord, the exchange rate of the U.S. dollar to the yen was 1:250. Within three months after the signing of the agreement, it dropped to 1:200. Since then, it has fallen to a low of 1 yen to the U.S. dollar.

The continuous appreciation of the yen has led to a large inflow of international hot money into Japan, which has produced a blowout effect in the Japanese stock market and real estate market.According to the statistics of later generations, from 1985 to 1990, Japanese stocks rose by an average of 30% per year, and land prices rose by 15% per year.At the same time, Japan's foreign trade conditions began to deteriorate, and the high value of the yen led to rising prices of export commodities and loss of competitiveness.

In order to cope with this situation, Japanese companies have established overseas subsidiaries one after another and transferred their local production to third world countries with low labor costs.Japan's domestic manufacturing industry gradually formed a hole, and a large amount of excess funds were used in virtual markets such as stocks and real estate, and the economic bubble became bigger and bigger.

In 1989, the Japanese government introduced a series of austerity policies in order to prevent the economic bubble from continuing to spread. In early 1990, the austerity policy began to show its impact, and the stock market and land prices experienced a sharp and continuous decline.Most real estate loans issued by banks turned into non-performing assets overnight.It is estimated that by 1992, the total non-performing assets of banks had reached 20 trillion yen, and the entire economy was in trouble.

This sudden crisis caused many speculators to lose their fortunes, and Nihon Heavy Industry was unfortunately also one of the targets severely hit by the financial crisis.

Nihon Heavy Industries started as a manufacturer of chemical equipment, and in just a few decades, it has become one of the key companies in the field of chemical equipment in Japan, with a stock market value of nearly US$50 billion.However, such a powerful company has become obsessed with the virtual economy in recent years. Chairman Ishikawa Akira is obsessed with stocks and real estate, and invests a large amount of the company's working capital in these two fields, resulting in insufficient technology investment of the company. Competitiveness is declining year by year.

It stands to reason that a skinny camel is bigger than a horse. Although Nihong Heavy Industry lacks technological advancement, its brand and manufacturing capabilities accumulated over the years are still very strong, which is enough to make it occupy a place in the international chemical equipment market. It's not going to crash yet.

However, at this time, Lin Zhenhua and his Hanhua Heavy Industries appeared.The existence of Hanhua Heavy Industry seems to be specifically for the purpose of working with Ni Hongzhong.Since the earliest competition between Hanhua Machinery Factory and Nihong Heavy Industry on the main shaft of the ice machine, Hanhua has been encroaching on Nihong's traditional market.At the beginning, Hanhua was engaged in import substitution, robbing Nihong Heavy Industry of projects in China.Later, Lin Zhenhua went to Thailand to snatch the fat that Nihong had already put into the bowl.

Afterwards, Hanhua's food became more and more ugly.In order to maintain its technical advantage over Hanhua, Nihong Heavy Industry invested in the development of 40 tons of large chemical fertilizer technology. Unexpectedly, Hanhua also came up with such a technology at the same time.The technology gap between the two companies is not big, and the production capacity is not comparable, but the human resource cost of Hanhua is significantly lower than that of Nihong Heavy Industry, which makes Hanhua have an irresistible price advantage over Nihong Heavy Industry.

The Nihong Heavy Industry marketing team led by Zuo Zhiyixiong is working hard all over the world, trying to maintain the Nihong Heavy Industry market.However, Chu Hongyang, Schuman and others followed each other like a shadow, almost always appearing in front of various customers with Zuo Zhiyixiong at the same time, and as long as they made a move, Zuo Zhiyixiong would definitely return home in defeat.Hanhua Heavy Industry and Nihong compete for orders for 40 tons of large chemical fertilizer equipment, as well as orders for pharmaceuticals, polymer chemicals, and fine chemicals.

What broke Zuo Zhiyixiong the most was that in the past two years, Hanhua Heavy Industries not only took action to grab business by itself, but also united dozens of chemical equipment companies in China to grab Nihong's market together. For the core technology of 40 tons of large chemical fertilizers, Hanhua actually transferred it as soon as it said it would be transferred, and directly gave it to several petrochemical equipment companies in China.Originally, Zuo Zhiyixiong also hoped that Hanhua Heavy Industry would not be able to take so many orders, and he would be able to leave a little residue for him.In this way, the entire market has left no soup left for Chinese people, so there is no room for Nihong Heavy Industry to survive.

While the traditional business was being stifled, the financial crisis came.Akira Ishikawa's billions of dollars invested in the stock market and real estate market were completely trapped, and he had no chance of turning the market around.The company's business has come to a complete standstill, and a large number of workers are facing the fate of being laid off.Shareholders sold their stocks one after another, and the market value of Nihong Heavy Industry's stock fell several times a day, from nearly 50 billion US dollars to a mere few hundred million US dollars.

At this moment of panic, a Chinese named He Fei appeared in the chairman's office of Nihong Heavy Industry.He told Akira Ishikawa that he was a negotiator sent by Hanhua Heavy Industries, and the content of the negotiations was very simple, that is, to acquire Nihong Heavy Industries, which was on the verge of bankruptcy.

"Tell me about your conditions." Akira Ishikawa said to He Fei after a long silence.

"Hanhua Heavy Industry invested 3 million US dollars to acquire all tangible and intangible assets of Nihong Heavy Industry. The two factories of Nihong Heavy Industry in Kyushu will be completely dismantled, and all equipment will be shipped back to China by Hanhua Heavy Industry. In Fukui and Tsuruoka The factory will be retained, and will resume production after Hanhua takes over.

The research institute of Nihong Heavy Industry in Tokyo will also be retained, and the treatment of all engineers and scientists will remain unchanged, responsible for undertaking the research tasks delivered by Hanhua Heavy Industry.The real estate owned by Nihon Heavy Industries and some other assets will be auctioned, and the proceeds will be used to pay off the current bank arrears. "He Fei talked eloquently.

For the old rival of Nihong Heavy Industry, Hanhua has invested a lot of energy in research. The current acquisition plan is also tailor-made for Nihong after careful consideration by Lin Zhenhua, Xiang Zhe and others.

"That's fine." Akira Ishikawa lowered his head, "Let He Jun go and negotiate with Zuo Zhijun on specific matters."

As Akira Ishikawa's confidant, Yoshio Zuozhi took on the task of negotiating with He Fei.It wasn't a job Satoshi Yoshio liked, but he had no other choice.

The negotiation process was lengthy and suffocatingly humiliating.Nihong Heavy Industry no longer has the strength to bargain, and if it agrees to Hanhua's conditions, it can recover some losses to some extent, so that shareholders and employees can get some final compensation.If you don't agree to Hanhua's conditions, waiting for Nihong Heavy Industry can only lead to a more tragic ending.

Fortunately, the negotiation finally came to an end, and the two parties signed a purchase agreement. As long as Hanhua Heavy Industry paid the money, Nihong Heavy Industry would change course.After Lin Zhenhua received He Fei's report, he organized a reception delegation and flew from China to Japan to take over Nihong Company.

"They are coming." Koizumi Jiro said in a low voice.

"They're finally here." Yoshio Zuozhi said with a sigh.After fighting Lin Zhenhua for so many years, he finally lost completely.The former opponent will soon become the new owner of Nihon Heavy Industry, maybe he will become his new boss, maybe he won't, because he may become one of the dismissed employees.

No matter what happens tomorrow, at least at this moment, Yoshio Zuozhi must finish his work, that is, greet Lin Zhenhua with a humble attitude, and accompany him to meet with Akira Ishikawa.The Japanese have always respected the strong and despised the weak. Well, you can call it bullying the good and fearing the evil if you want to. Who makes it a quality passed down from generation to generation by the Japanese?Now that Lin Zhenhua is a strong man, no matter how dissatisfied Zuo Zhiyixiong may be, he still has to bow his head and bow to him, watching Lin Zhenhua trample on his former pride.

Two buses drove slowly along the highway. Yoshio Zuozhi told the guard to open the electric fence gate, and then personally guided the bus into the company's yard and stopped in front of the office building.The door of the bus opened, and it was Lin Zhenhua who jumped out of the bus first.

"Mr. Lin, I am Zuo Zhiyixiong, the full-fledged negotiator of Nihong Heavy Industry. You are very welcome to come to Nihong Heavy Industry to go through the handover procedures." Zuo Zhiyixiong introduced himself in English while bowing to Lin Zhenhua.He knew that Lin Zhenhua's English was good, and he could communicate in English without an interpreter.

Lin Zhenhua stretched out his hand, shook Zuo Zhiyixiong, and said with a smile: "Mr. Zuo Zhi, we are old friends. I know that you are an old man of Nihong Heavy Industry. For the work you did for Nihong Heavy Industry I sincerely admire your contribution. At the same time, I also very much hope that you can continue to stay in the company in the future. After the reorganization, Nihong Heavy Industry needs experienced marketing personnel like you. "

It seems that he will not be fired, Zuo Zhiyixiong said silently in his heart.He didn't know whether he should feel lucky or miserable.The current Japanese economy is weak, and it is very difficult to find a job. It will be a blessing for Saji Yoshio and his family if he can keep his position at Nihon Heavy Industries.However, thinking of becoming Lin Zhenhua's subordinate, Zuo Zhiyixiong still had some bitter feelings in his heart.

"Mr. Koizumi, we meet again." Lin Zhenhua walked towards Koizumi Jiro again, and also reached out to shake hands with him.

"Mr. Lin, I'm very glad to meet you again." Jiro Koizumi replied with a bow. He and Lin Zhenhua have met many times, but the feeling of meeting each time is hard to make people feel happy.

Lin Zhenhua said: "Mr. Koizumi, I remember the first time I met you, I was still in China. At that time, your technical level and strict and serious spirit of quality left a deep impression on me. I very much hope that in the future you will You can contribute your technology to the company and help the company reshape its glory."

Hearing Lin Zhenhua bring up the past, Koizumi Jiro felt a little embarrassed, he bowed again and again and said: "Mr. Lin, I offended you so much that time in China, please forgive me."

Lin Zhenhua said with a smile: "This statement is wrong. There is an old saying in China, that is, if you don't fight, you don't know each other. By the way, Mr. Koizumi, I am here with you this time, as well as your old friend. Let me introduce you .”

After all, Lin Zhenhua pulled the old fitter Sun Changyuan who had just got off the car, brought him to Koizumi Jiro, and then introduced him: "Master Sun, come and have a look, do you remember him? That Japanese mechanic Jiro Koizumi you bet your life on."

From Sun Changyuan's point of view, the appearance of Japanese people is almost the same, and after many years, he can't think of Koizumi Jiro's appearance anymore.Hearing Lin Zhenhua's introduction, Sun Changyuan patted his head, laughed heartily, and said to Koizumi Jiro, "Oh, it's you! You're really an old acquaintance."

A translator had translated Sun Changyuan's words to Koizumi Jiro, and Koizumi Jiro also recognized the Chinese fitter in front of him.He stepped forward, bowed 90 degrees to Sun Changyuan, and said reverently: "Mr. Sun, I am very sorry for the past. I have always hoped to have the opportunity to express my apology to you."

Sun Changyuan heard the words translated by the translator, and replied with a smile: "Okay, there is no need to mention the past. Our manager Lin said that the two of us will become one family in the future. Your Japanese skills are still very good. That’s right, our modernization in China also needs your technology. I hope you will not keep it a secret in the future, and you will show any technology you have, you know?”

"That's for sure, please take care of Mr. Sun in the future." Koizumi Jiro said obediently.

It was also Lin Zhenhua's idea to let Sun Changyuan come to Japan to take over Nihong Heavy Industry this time.He wanted Sun Changyuan to see with his own eyes that the opponent of the year had become his own, and Sun Changyuan was entitled to enjoy the honor of the winner.Sun Changyuan was very disgusted with the Japanese at first, but at this moment his attitude was very friendly, because he knew that this factory already belonged to Hanhua Heavy Industries, and it was his own company. The Koizumi Jiro in front of him would be his own from now on. Colleagues.

"Mr. Lin, our Chairman Ishikawa is waiting for you in his office. Can you go up now?" Yoshio Zuozhi walked up to Lin Zhenhua and said to him.

Lin Zhenhua nodded: "Okay, I am also very much looking forward to meeting Chairman Shi Chuan sooner, so please ask Mr. Zuo Zhi to lead the way."

The others stayed where they were, and Koizumi Jiro was in charge of receiving them.Together with He Fei, Zuo Zhiyixiong accompanied Lin Zhenhua into the company's office building, and went to the chairman's office on the top floor of the building to complete a symbolic handover.

　Let's do two arithmetic problems, 3000+5000+4000=12000, 12000/3000=4 more.Chengzi is kind, please ask for a monthly ticket, please ask for a recommendation ticket.

　　
　
(End of this chapter)