industrial overlord

Chapter 725 No Comments
"About Hanhua's acquisition of Vistaky, all I can tell you is one sentence: no comment."

Facing a room full of reporters, Lin Zhenhua smiled and gave everyone a very unkind answer, which aroused the righteous indignation of the reporters.Of course, everyone just yelled a few times verbally. Rather than expressing protest to Lin Zhenhua, it is better to say that they are showing cuteness to Lin Zhenhua.

Ever since Hanhua brought down the Southern Economic Tribune with heavy hands, the media all over the country have been somewhat in awe of Hanhua.All the reporters sent to interview Hanhua, before leaving the house, the editor-in-chief had to tell them not to provoke Hanhua, not to offend anyone in Hanhua, even an ordinary worker.

In fact, Lin Zhenhua and Xiang Zhe's attitude towards the media is still very good, of course, the premise is that the other party does not wear colored glasses to find fault with Hanhua.Since Hanhua has a lot of business, there is a lot of movement at every turn, so Hanhua simply established a regular press conference system. The first half of each press conference is to disclose the new trends of Hanhua to reporters, and the second half is to answer Questions from reporters.

In today's press conference, for some unknown reason, all the reporters focused on Hanhua's wind power business, from the anti-dumping investigation in the United States to the rumors of the acquisition of Vestas, the world's largest wind turbine manufacturer.It's no wonder that these things have been well-known in the market, but Hanhua himself has not said a word.

"Mr. Lin, the U.S. government has recently launched an anti-dumping investigation on Chinese wind turbine products exported to the United States. As the company that exports the largest number of wind turbine products to the United States, Hanhua Fan Company has any comment on this. This investigation is very important to Hanhua. Will the wind turbine business have a serious impact?" A reporter asked Lin Zhenhua another question.

“With regard to the U.S. government’s anti-dumping investigation on Chinese wind turbines exported to the U.S., our attitude is clear, that is, we strongly condemn this kind of trade protectionism by the U.S. government. We believe that trade protection will not help improve the competitiveness of U.S. wind turbine products , is a serious challenge to the country's efforts to address climate change. Domestic wind turbine manufacturers have jointly submitted a report to the Ministry of Commerce of my country, requesting the Ministry of Commerce to make solemn representations with the US side on this matter. If necessary, the Ministry of Commerce should take retaliatory measures. Measures to protect the legitimate rights and interests of my country's wind turbine enterprises."

Lin Zhenhua pretended to be a wolf with a big tail, speaking diplomatic rhetoric in a high-sounding manner.However, the reporters will not let go of such diplomatic rhetoric. A group of people are typing on their laptops, and some online media have already sent out special articles:
"Hanhua Chairman Lin Zhenhua said: Retaliatory measures against the United States are not ruled out"

"Hanhua will retaliate strongly against the US anti-dumping investigation! "

"Facing the U.S. anti-dumping investigation, Lin Zhenhua is angry! "

"The Soul of Xisai: Lin Zhenhua Says He Will Retaliate Nuclearly Against the United States!" "

……

In this era of non-surprising and endless talk, it is already a luxury to ask the media to speak seriously. Fortunately, the hearts of readers have become stronger and stronger, and no one will care about ordinary exaggeration.

"Then, will the US anti-dumping investigation affect the export of Hanhua fans to the US?" the reporter continued to ask.

Lin Zhenhua shook his head resolutely and said, "I don't think so. In fact, since October last year, we have stopped exporting wind turbines to the United States."

"What? Hanhua has stopped exporting wind turbines to the United States?" The reporters were in a commotion, which was completely different from what everyone knew.Who doesn't know that Chinese wind turbines have already occupied more than 20% of the US wind turbine market, and Hanhua is the largest exporter of Chinese wind turbines. The combination of the two cannot prove that Hanhua is a major exporter of wind turbines to the United States?
However, Lin Zhenhua is also a public figure after all. At the press conference, could he be talking nonsense with his eyes open?
After Lin Zhenhua finished speaking, he left the stage with a smile. He was replaced by Bi Min, the director of the headquarters office of Hanhua Group.The reporters were much more familiar with Bi Min, and they gathered around to ask Bi Min what Lin Zhenhua's last sentence meant.Bi Min smiled and sent everyone a Hanhua annual report, telling everyone that the things everyone cares about are written in the report.

The reporters looked through the report and found that Lin Zhenhua was not lying. Since October last year, the number of Hanhua’s wind turbines exported to the United States has dropped to zero. At this time, the United States has not yet launched an anti-dumping investigation. .

"How is this going?"
"Could Hanhua give up the American market on its own initiative? This doesn't look like Hanhua's style."

Everyone was talking about it. At this time, a reporter finally saw the clues in the report. He smiled and said to everyone: "Everyone, everyone, take a look at the country-specific statistics of Hanhua's fan exports. Have you noticed any strange things? Phenomenon?"

Strange phenomenon?The reporters were really curious, and they carefully checked the reports in their hands. Gradually, more and more people discovered the problem:
"1.2 million dollars worth of wind turbine parts are sold to Wusang country... Where is this Wusang country?"

"It seems to be a country in Africa."

"Is this country rich? Why do we need to purchase so many wind turbine components, and it's not the whole machine."

"I seem to have heard of this country. It seems that Hanhua built a branch factory there last year."

"What kind of branch factory? It's a joint venture between Hanhua and Wusanguo, okay? Its business seems to be fan assembly."

"I understand……"

Smiles broke out on everyone's faces, and everyone felt that they had guessed the key to the problem.The U.S. launched anti-dumping and anti-dumping investigations, which is for China’s wind turbine industry, but if the wind turbines are sold from Africa to the United States, they will not be restricted by anti-dumping anti-dumping investigations.Hanhua disassembled the wind turbine equipment into parts, shipped them to Africa to assemble them into complete machines, and then sold them to the United States. Although it cost a little more freight, it bypassed the sanctions imposed by the United States.No wonder Lin Zhenhua said with certainty that Hanhua never sold wind turbines to the United States.

This kind of trick belongs to the height of Tao and the height of magic. It is not the first time that a Chinese company has done such a thing.

In the past, in order to limit the clothing from China, the United States and Europe once set up trade quotas, stipulating that the amount of clothing that China can export to Europe and the United States each year can only reach a certain amount.As a result, Chinese clothing companies set up branch factories in countries such as Vietnam and Bangladesh, where they take domestically produced clothing to be labeled and then sold to the United States. Chinese quotas are irrelevant.If China does not do business, it will be fine. Once it starts to do business, wisdom is absolutely invincible.

Of course, it is not that simple for Hanhua to evade the US anti-dumping investigation by setting up a factory in Wusanguo.In the WTO's anti-dumping rules, there are some regulations on "origin".Hanhua must ensure that the production in Wusang is a "substantial change" to the product, so as to prove that Wusang is the origin of the product, not the country of re-export.In addition, Hanhua has to make the domestic price of wind turbines in Usang country lower than the price for exporting to the United States, so that it is not considered dumping.

Lin Zhenhua can't handle these complicated tricks. Hanhua now has a huge team of lawyers to help deal with these matters. Schumann and Qian Yuanping are the leaders of this team of lawyers.

The reporters left unsatisfied, and Song Ying, the chief reporter of Jiangnan Daily, stayed at the end. She took Bi Min's hand and asked, "Director Bi, we are old friends. You can't reveal anything about Vestas." Give me some inside information?"

Bi Min laughed and said, "Sister Song, you can't let me make mistakes. The Vestas matter is the company's core secret. Even if I know it, I can't reveal it."

"President Lin, now that Guan Sheng has lost his temper, he still hides any important news from me. It's really disrespectful." Song Ying said angrily.

"Hehe, Reporter Song, what are you saying bad about me?" Lin Zhenhua turned out of nowhere and said to Song Ying with a smile.

Song Ying and Lin Zhenhua were old acquaintances. More than 20 years ago, she and Xu Haihao, a reporter from Xinhua News Agency in Jiangnan Province, went to Hanhua Machinery Factory to interview about Lin Zhenhua's occupation of workers' housing, and thus got acquainted with Lin Zhenhua.In the following years, Song Ying helped Lin Zhenhua a lot in publicity, so everyone's relationship is very good.

"I don't dare to speak ill of Mr. Lin. I just want to know whether Hanhua has any intention to acquire Vestas, so that we can prepare relevant materials." Song Ying said with a humble smile.Lin Zhenhua is no longer the section chief in that small factory, and Song Ying knows how to position herself.

Lin Zhenhua said: "Reporter Song, it's better for you to prepare the information about Vestas in advance. Although it is still the number one player in the wind turbine industry, it had a net loss of 1.75 million euros last year. , the situation in the first two months of this year is not good, and it is estimated that the loss for the whole year will exceed that of last year. If this continues, it will not escape the fate of being acquired."

"Has Hanhua already planned to buy it?" Song Ying asked.

Lin Zhenhua said with a smile: "Everything is possible. However, Hanhua still has other acquisition targets at present. It is hard to say whether it will acquire Vestas. There are still several wind turbine companies in China that are currently developing very well. , They also took a fancy to Vestas."

Song Ying asked: "Boss Lin, can we publish what you said?"

Lin Zhenhua pretended to be innocent and said, "Reporter Song, did I say something just now? Weren't we talking about the Yunmeng Lake Migratory Bird Sanctuary just now? Regarding Vestas, my attitude is very clear of: No comment."

"I understand." Song Ying giggled, "Boss Lin, you're using us again, shouldn't it be time for you to treat me to dinner?"

(End of this chapter)